Pricewaterhousecoopers starts accepting Bitcoin payments
Bitcoin got another recognition as a mainstream financial asset, Pricewaterhousecoopers (PwC), one of the top four international accounting firms (Deloitte, KPMG, EY, & PwC) has started accepting Bitcoin payments.
Notably, Ernst & Young was the first of the global accounting firms to accept the crypto currency as payment.
Currently, PwC is offering its advisory services to startups and other tech companies to take advantage of Bitcoin’s blockchain technology. PwC’s Office in Hong Kong is currently accepting Bitcoin payment.
EY, which started accepting Bitcoin in January 2017, has already given a digital wallet to its employees and installed a Bitcoin ATM in its main building. Invoices originating from the Swiss branch of EY can be settled with Bitcoin.
Likewise, Deloitte executives have started paying for their meals in Bitcoin. Recently, KPMG has joined the Wall Street Blockchain Alliance (WSBA) as a corporate member. Additionally, KPMG is also providing advisory services related to block chain network and ICOs.
The top four accounting firms provide audit, advisory, taxation, management consulting, actuarial, legal service, and corporate financial services for almost all the top public companies in the world. As a matter of fact, 99% of the FTSE 100 companies are audited by the top four accounting firms. The recognition of Bitcoins by the top four accounting firms is expected to encourage several big companies to start using the crypto currency for commercial transactions.