Deloitte just recently did an important deal with Doge Coin, indicating a whole new direction in the cryptocurrency sector. Deloitte, an international professional service family company, has now stepped out to complete its blockchain and cryptocurrency services to clients. That indeed has greatly stirred the cryptocurrency market and indicates how traditional financiers are getting geared up to consume that.
Dogecoin, which started out as a joke, is now a big player in the cryptocurrency game. Popularity and support from the community have somehow attributed to its transformation into something different. The idea here is trying to get within those so-called mainstream financial businesses through contracts with Deloitte. It is going to increase Dogecoin exposure and possibly make it a feasible alternative for financial transactions.
In accordance with this agreement, Deloitte plans to make its diverse clients accept payments in Dogecoin. This will be of great support to merchants seeking payments for their services in cryptocurrency. Deloitte hopes it encourages wider acceptance and hence, mainstream adoption of Dogecoin.
Furthermore, this move may also mean great things for thousands of small and medium enterprises. They can easily expand their client reach by letting them accept payments in Dogecoin and other cryptocurrencies. A novel course of action for merchants to do marketing of their services and acquire new customers, isn’t it?
Sure but there is some downside involved. The speculation of the cryptocurrency market, security and legal regulation, land all these challenges have to be met regarding them too. Deloitte wants to work on this as well and hopes to guide their clients regarding this.
It isn’t just a beneficial deed between Dogecoin and Deloitte, but also a very promising foreboding of the future of cryptocurrency. This will serve as motivation for other financial institutions, and they too will have the thought of adopting cryptocurrency. The chances are that in the days to come, many merchants and consumers will use the digital currencies such as Dogecoin.
Thus, the contract given by Deloitte to tie up with Dogecoin has breathed a new life in the cryptocurrency sector. Not only will it cement, rather even strengthen, the identity of Dogecoin, but it will also help to propel this new financial phenomenon into the mainstream. One would find it interesting to note how the collaboration progresses in days to come as it will also chart the future of cryptocurrency.