The Hong Kong office of the auditing and accounting firm PricewaterhouseCoopers (PwC), which is among the four largest auditing firms in the world, started accepting bitcoin as payment for their professional services.
The company noted that the first payments in bitcoin, which it had adopted were received from local companies related to the field of digital currencies and blockchain technology.
According to the Chairman of PwC Asia-Pacific Raymond Chao, their decision to start accepting bitcoin payments reflects their transition to a new technology:
It also says that bitcoin and other cryptocurrencies become more widely used.
The decision by PwC to start to accept bitcoin came at a time when the cryptocurrency is the number one setting a new record price. Recently, the most popular virtual currency for the first time in its history surpassed the price of 11,000 dollars. Such phenomenal growth rates has breathed new life into the debate about whether it is currency or still a valuable asset.
PwC and cryptocurrencies
PwC is not new to cryptocurrency. Since 2014 the company is involved in digital currencies and blockchain technology. In their statements, she has repeatedly stressed the innovative role of bitcoin, and conducted several studies on the topic of virtual currencies.
One of the initiatives initiated by the company, is a project to study the possible applications of the blockchain in the insurance industry. PwC also provides clients with Advisory services on the subject of cryptocurrencies and the blockchain.