Yet another ‘Big Four’ firm joins the bitcoin revolution as the auditing corporation Pricewaterhousecooper’s (PwC) Hong Kong office accepted a payment in bitcoin according to the Wall Street Journal. The accountancy corporation follows the lead of the Deloitte and Ernst & Young (EY) offices that have currently started accepting bitcoin for financial services.
PwC is a nicely-recognized auditing firm that offers multinational monetary solutions with offices all about the globe. The firm is at the moment the second biggest ‘Big Four’ auditing business in the planet and has held this record for the previous seven years. This week the Wall Street Journalreports that the company’s Hong Kong workplace has accepted bitcoin as a payment for consultancy services. PwC has been interested in digital currency options and blockchain technology for the previous three years. The accountancy firm’s Asia-Pacific chairman, Raymund Chao, says the move is a milestone for the business.
“It is also an indication that bitcoin and other established cryptocurrencies have now created into a lot more broadly accepted types of settlement,” explains Chao.
The company is a touch behind its competitors as each Deloitte and EY have offices that accept the cryptocurrency and bitcoin ATMs as properly. For instance, at Deloitte’s Toronto office the organization installed a bitcoin ATM in the lobby and the business makes use of it to show customers. Deloitte’s Iliana Oris Valiente told news.Bitcoin.com back in September of 2016 that “using bitcoin is crucial to understanding the blockchain.” Then in November the firm EY announced its Switzerland branch was accepting bitcoin for financial management solutions, and also installed an ATM in the primary developing. The other ‘Big Four’ firm KPMG has not moved towards the cryptocurrency bitcoin just but, but has been involved with blockchain research.
PwC joining in on the bitcoin fun is no surprise as the company has applauded the positive aspects of cryptocurrency for very some time.
“[Cryptocurrency has] gained acceptance from a vital mass of investors, technologists, regulators, merchants, entrepreneurs, and shoppers,” explains PwC.
In truth, in our view, cryptocurrency represents the starting of a new phase of technology-driven markets that have the prospective to disrupt standard marketplace strategies, longstanding business practices, and established regulatory perspectives – all to the advantage of buyers and broader macroeconomic efficiency.
What do you feel about PwC’s Hong Kong office accepting bitcoin? Let us know in the comments under.
Pictures by way of Shutterstock, PwC, and PwC’s Hong Kong workplace.
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Published at Thu, 30 Nov 2017 19:55:17 +0000