Ethereum Competitor Surges to All-Time High After Announcing Partnership With Big Four Accounting Firm

Ethereum Competitor Surges to All-Time High After Announcing Partnership With Big Four Accounting Firm


The price of Ethereum (ETH) competitor Avalanche (AVAX) is hitting new record highs after Big Four accounting firm Deloitte inked a partnership deal with Ava Labs, the technology company behind the smart contract platform.

Deloitte provides audit, consulting, tax and advisory services to 90% of the Fortune 500. The firm is partnering with Ava Labs to use the Avalanche blockchain in a new disaster recovery platform, Close As You Go (CAYG), designed to simplify reimbursements for natural disaster victims.

“Using the Avalanche blockchain, CAYG’s cloud-based platform provides state and local officials with a decentralized, transparent and cost-efficient system that empowers both grantmakers and funding recipients while minimizing fraud, waste and abuse.”

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Following Avalanche’s announcement of the partnership on Tuesday, the price of AVAX skyrocketed to

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