Deloitte Accepts Bitcoin at its Restaurant Due to ‘A Lot of Requests’

Deloitte Canada announced this week that its Toronto office’s internal restaurant called Bistro 1858 now accepts bitcoin. Bitcoin.com talked to Iliana Oris Valiente, ‎Strategy and Execution Lead and co-founder at Rubix by Deloitte, to find out the reason behind this decision and how much interest in Bitcoin the firm is seeing. Also read: How to Start

The post Deloitte Accepts Bitcoin at its Restaurant Due to ‘A Lot of Requests’ appeared first on Bitcoin News.

Deloitte Canada announced this week that its Toronto office’s internal restaurant called Bistro 1858 now accepts bitcoin. Bitcoin.com talked to Iliana Oris Valiente, ‎Strategy and Execution Lead and co-founder at Rubix by Deloitte, to find out the reason behind this decision and how much interest in Bitcoin the firm is seeing.

Also read: How to Start Your Own Bitcoin ATM Business 

Most Visible Private Restaurant

Deloitte Accepts Bitcoin at its Prestigious Restaurant Due to 'A Lot of Requests from Within the Firm'Bistro 1858 is a private restaurant exclusively for Deloitte employees and their guests. There is a security guard at the entrance of the restaurant that will turn everyone else away, wrote the Toronto Star.

Unlike most private restaurants that are tucked away from public view, this restaurant is in, what the paper calls, “a most public place” in Toronto. It is located in the Bay Adelaide Center, in the city’s financial district. Its all-glass walls make the dining area visible to anyone passing by. The tower is located at the northwest corner of Yonge and Adelaide Street.

“Bistro 1858 has a seating capacity of 75 with take-out options”, Valiente described to Bitcoin.com. “Breakfast and lunch ranges from approximately $3 to $12 for snacks and meals”, she said, adding that:

Hundreds of Deloitte practitioners purchase their meals from Bistro 1858 every day.

Deloitte Professionals Excited to Use Bitcoin

The restaurant’s co-operators, Deloitte and Benchmark Hospitality, have selected Bitpay Deloitte Accepts Bitcoin at its Prestigious Restaurant Due to 'A Lot of Requests from Within the Firm'to accept and settle bitcoin payments. Deloitte does not offer its own wallet, the firm’s representative said. “There are many great Bitcoin wallets available out there so we didn’t find it necessary to recreate the wheel and build a new wallet”.

The restaurant does not offer any incentives such as discounts for customers paying with bitcoin. “Our practitioners are encouraged to share the news with their clients and host them at Bistro 1858”, Valiente explained, noting that:

Many Deloitte professionals have shown excitement for the opportunity to start using bitcoin to buy their lunch and breakfast from Bistro 1858. If the usage of the BTM [Bitcoin ATM] machine we installed in the fall is any indication of how many people will start paying with bitcoin, we expect the number of users to grow continuously over the next few months.

Interest in Bitcoin within Deloitte

Last September, Deloitte became the first of the Big 4 consultancy firms to install a Deloitte Accepts Bitcoin at its Prestigious Restaurant Due to 'A Lot of Requests from Within the Firm'Bitcoin ATM. Located in its Toronto office, Deloitte’s BTM is operated by the firm’s blockchain team at Rubix.

Its fees are 4 percent to buy bitcoin and no fee for selling bitcoin, according to data from Coinatmradar. A mobile phone number and an ID are required to use the BTM and there is a daily limit of $100 per person.

“As the most successful large implementation of blockchain technology, Bitcoin is consistently a topic of discussion at Deloitte and with our clients”, Valiente revealed, adding that:

When we installed our BTM in the fall we received a lot of requests from within the firm to bring bitcoin to our Bistro.[…] As the industry shifts and evolves we hope to continue to bring new and valuable initiatives to our firm and our clients.

What do you think of Deloitte’s Bistro accepting bitcoin? Let us know in the comments section below.


Images courtesy of Shutterstock, Deloitte, and the Toronto Star


Why not keep track of the price with one of Bitcoin.com’s widget services.

The post Deloitte Accepts Bitcoin at its Restaurant Due to ‘A Lot of Requests’ appeared first on Bitcoin News.

Mining Pool Bitclub Network Mines Its First Bitcoin Unlimited Block

On March 19, the bitcoin mining pool Bitclub Network mined its first Bitcoin Unlimited (BU) block as the mining operation is now signaling support for the protocol.  Also Read: Antpool Points 75% Hashpower at BU, While Exchanges Confirm Listing a Split Bitclub Chooses Bitcoin Unlimited Over Segwit Support Over the course of the past few weeks,

The post Mining Pool Bitclub Network Mines Its First Bitcoin Unlimited Block appeared first on Bitcoin News.

On March 19, the bitcoin mining pool Bitclub Network mined its first Bitcoin Unlimited (BU) block as the mining operation is now signaling support for the protocol. 

Also Read: Antpool Points 75% Hashpower at BU, While Exchanges Confirm Listing a Split

Bitclub Chooses Bitcoin Unlimited Over Segwit Support

Mining Pool Bitclub Network Mines Its First Bitcoin Unlimited BlockOver the course of the past few weeks, there has been an increase in support towards the BU client from miners. On March 17 the mining pool Antpool had pointed 75 percent of its hashrate towards BU and by the end of the evening close to 90 percent was signaling BU support. Now the mining pool Bitclub is changing the game by mining a BU block when the organization previously mined using the Core client.

The Bitclub Network’s pool currently holds 2.9 percent of the Bitcoin network’s global hashrate. This hashrate plus the added signal from Antpool will likely push the total BU support upwards. Currently, explicit mining pool support by proposal according to Coin Dance data shows BU is currently at 35 percent.

The Reason Behind the Switch

Mining Pool Bitclub Network Mines Its First Bitcoin Unlimited BlockOur sources have been in contact with the Bitclub Network operators, and they informed us of why they decided to switch proposal support. Bitclub says they have had significant issues with unconfirmed transactions. The Bitclub network has a lot of transactions going to and from its membership base, and new members began to have problems getting transactions confirmed.

Two leading members of Bitclub spoke with our sources and explained their frustrations with the current network congestion. The slow network has been a significant inconvenience for Bitclub, and they told to our sources they are making the switch from Core to BU to help with the goal of upgrading the Bitcoin protocol to facilitate more transactions. Moreover, the leaders explained how they have been watching Ethereum trade volumes rising, and they are very concerned about bitcoin going down because of the state of the network.

When It Comes to Scaling Wheels Are in Motion

There seems to be a lot of bitcoin proponents concerned with the current state of protocol development with its rising fees and congestion issues taking place more frequently. Bitcoin businesses like Bitpay and Coinbase are changing their business models because network fees are too high for the companies to cover. Since the issues have become topics bitcoiners can’t avoid any more, node operators, and miners are taking action.

Bitclub and Antpool’s latest support show these two pools have moved past conversations and have decided to use their hashrate as a voice of reason.

What do you think about Bitclub mining their first Bitcoin Unlimited block? Let us know in the comments below.


Images courtesy of Shutterstock, and Bitclub Network. 


Still have questions about Bitcoin? We have a detailed FAQ section with dozens of general questions and even a free Bitcoin guides page for detailed explanations of several important topics.

The post Mining Pool Bitclub Network Mines Its First Bitcoin Unlimited Block appeared first on Bitcoin News.