Categories: CryptoNews

Deloitte Unveils Bitcoin ATM in Their Toronto Office

Bitcoin ATMs have always been quite popular among cryptocurrency enthusiasts.With nearly 800 machines all over the world there is a growing demand – and supply – for easy access to Bitcoin. But when companies such as Deloitte unveil their own Bitcoin ATM, things are getting very interesting. After all, these devices are powered by Deloitte, by the look of things.

What Is Deloitte Doing With A Bitcoin ATM?

The Bitcoin world received a rather exciting surprise a few hours ago. As it turns out, the Deloitte office in Toronto now has its very own Bitcoin ATM. Albeit the company has been an active advocate of blockchain technology, their [public] involvement in Bitcoin has been minimal to non-existent so far.

Despite all of that, the Bitcoin ATM in questions is “powered by Deloitte”. For now, it is anybody’s guess as to what this means exactly, but it is possible the company issued their own user interface for this BitAccess device. Speaking of which, this is great publicity for BitAccess, as they compete against ATM manufacturers for market share right now.

The device in question was recently tested by C4 President Michael Perkins:

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For now, it is anybody’s guess as to what this means for Bitcoin in general. In a way, this is a clear vote of confidence for the future of this cryptocurrency. At the same time, it raises a lot of questions regarding Deloitte’s plans with Bitcoin in the future. Perhaps this ATM is just a promotional stunt, or it could mean bigger things that remain shrouded in mystery for now.

Having such a machine located at the Deloitte offices in Toronto is a big step for Bitcoin in general. For now, it remains unknown as to whether or not users can both buy or sell cryptocurrency through this device. An interesting development that may spur a new wave of interest in cryptocurrency.

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JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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