Currencies

Cryptocurrency Benefits for Corporations | Deloitte US


Endnotes

1Maddie Sheperd, “How many businesses accept bitcoin? Full list,” Fundera, October 10, 2022.

2Claudina Castro Tanco, Merchants getting ready for crypto: Merchant Adoption of Digital Currency Payments Survey, Deloitte, 2022.

3Gabriëlla Modderman, “Who accepts bitcoin as payment?,” Cointelegraph, June 5, 2022.

4Bitrates, “Five major sports teams that accept cryptocurrencies,” August 12, 2022; Steve Ehrlich, “Professional sports’ acceptance of crypto is fueling adoption—here’s how,” Sports Business Journal, September 8, 2021.

5Jenna Hall, “ Can you buy a house with bitcoin?,” Bitcoin Magazine, May 26, 2022.

6Stephen Graves and Daniel Phillips, “The 10 public companies with the biggest bitcoin portfolios,” Decrypt, July 25, 2022.

7Kathleen Marshall, “Fidelity to start offering bitcoin and ether trading,” Investopedia, November 3, 2022.

8Ezra Reguerra, “85% of merchants see crypto payments as a way to reach new customers: Survey,” Cointelegraph, July 6, 2022.

9Cristina Polizu et al., “A deep dive into crypto valuation,” S&P Global, November 10, 2022.

10Financial Accounting Standards Board (FASB), “Exposure Draft: Proposed Accounting Standards Update: Intangibles—Goodwill and Other–Crypto Assets (Subtopic 350-60),” March 23, 2023.

This article contains general information only and Deloitte is not, by means of this article, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This article is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional adviser.

Deloitte shall not be responsible for any loss sustained by any person who relies on this article.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Copyright © 2023 Deloitte Development LLC. All rights reserved.



Source link

Leave a Response