World’s second-largest professional services firm’s subsidiary PwC Luxembourg has now confirmed that it will be accepting Bitcoin (BTC) payments from Oct. 1.
On Sept. 2, the ‘Big Four’ auditing firm’s Luxembourg branch gave out a news release about the initiative which is intended to show commitment towards complying with the client needs and support the growing national crypto ecosystem.
PwC Luxembourg had confidence in Bitcoin as the first peer-to-peer payment mechanism based on a decentralized trust model that cannot be compromised.
Partners yet to be unveiled
According to the company, cryptocurrencies adoption has its challenges. For that reason, PwC Luxembourg decided to partner with one of the regulated local exchange to give users the best experience.
This is what it said:
“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.”
PwC positive stance towards the industry was the major influence for PwC Luxembourg to accept crypto payments. The parent company released Halo (a crypto auditing software solution) in June, which enable it to obtain private-public key pairing evidence independently as well as gather blockchains transactions and balances data.
According to a recent news release, PwC said that over 400 of its staff were working on blockchain and another 100 technical team members support crypto initiatives. The company was, therefore, declared the biggest blockchain-related jobs recruiter on Indeed (a recruitment platform) earlier this year.