Deloitte Launches Its First Bitcoin Teller Machine in Toronto Office

Image credit: Deloitte Touche Tohmatsu (Deloitte Touche Tohmatsu 2007 annual review) [Public domain], via Wikimedia Commons

Deloitte, one of Canada’s leading professional services firms, launched its first Bitcoin ATM (BTM) at one of its offices in Toronto, Canada. Deloitte has been involved heavily in the blockchain & fintech space over the past two years.

In May of this year, the firm established a 50-person blockchain developer lab in Dublin, Ireland. Deloitte also collaborated with BlockCypher, Bloq, ConsenSys Enterprise, Loyyal and Stellar on twenty different blockchain-based prototypes for the financial industry, four of which were unveiled at the Consensus 2016 blockchain conference in New York.

Deloitte has also released several papers on the applications of blockchain technology in financial markets (Blockchain Enigma. Paradox. Opportunity), as well as a report which highlighted Israel’s rise as a global financial technology center.

The firm has mostly focused on private and permissioned blockchain systems, but yesterday’s unveiling of the new Deloitte BTM is a first for the financial services giant.

Several photographs surfaced on Twitter of the new Deloitte BTM. Michael Perklin, President of The CryptoCurrency Certification Consortium, was photographed yesterday operating the new BTM: Two other photos from the Twitter feed of blockchain advocate Hillary Carter, shows Iliana Oris Valiente - co-founder of Rubix, Deloitte’s blockchain application development team - standing next to the Deloitte BTM: Deloitte's BTM was supplied by Canadian manufacturer Bitaccess, which features a large touch screen, allowing users to turn cash into digital currency and vise-versa.