PwC Luxembourg Officially Accepted Bitcoin Payments

By Shannon Wilson | September 4, 2019

PwC Luxembourg, a subsidiary of one of Big Four professional services firms, has announced to start accepting Bitcoin in payments, starting from October this year.

The news was released on Sept. 2, saying that the movement of PwC is not only to supply client needs, but also to support the growth of cryptocurrency worldwide.

Calling Bitcoin “the first peer-to-peer payment mechanism that cannot be compromised and is based on a decentralised trust model.”, PwC Luxembourg shown confidence in this major crypto, despite understanding the shortcomings of digital currencies and limitation of adoption.

Moreover, to provide a comfortable user experience, the firm decided to partner with an unnamed, regulated local exchange, saying:

“The Firm acknowledges the challenges of this move and has carefully reviewed its internal policies and procedures to meet the standards required by the crypto industry and closely collaborated with a local regulated exchange to provide the best payment experience.”

Earlier, PwC has reportedly introduced a new auditing software solution to help investors keep track of their crypto transactions.

In April, PwC has reportedly appeared to be on a hiring streak for blockchain related positions, if their vacancies for such jobs on global hiring portal Indeed are any indication to go by, ranking it tops compared to the other Big 4 firms.

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