Bitcoin to be accepted by PwC Luxembourg from October 2019
|- PwC has also partnered with an unnamed regulated local exchange.
- The company announced the release of Halo, a crypto auditing software, back in June.
PwC Luxembourg, a subsidiary of the world’s second-largest professional services firm PwC, recently announced that it will start accepting Bitcoin (BTC) payments from Oct. 1. The move shows the firm’s commitment to abide by the needs of clients as well as assist the growing national crypto ecosystem. In the announcement, PwC Luxembourg expressed confidence in Bitcoin, calling it the “first peer-to-peer payment mechanism that cannot be compromised and is based on a decentralized trust model.”
The company stated that it is conscious of the existing shortcomings of cryptocurrencies and the challenges associated with its adoption. The company has also partnered with an unnamed regulated local exchange in order to provide the best experience. It wrote:
“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 Luxembourg’s move to accept crypto payments arises from the positive stance to the industry by its parent company, PwC. In June, PwC announced the release of Halo, a crypto auditing software solution. Halo will allow the firm to provide independent evidence of private-public key pairing and collect data about transactions and balances from blockchains.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.