bitcoin education

Big four giant PwC, more specifically the Luxembourg unit of the accounting company announced that the clients will be able to pay for the services in Bitcoin starting from October. Let’s find out more about the new opportunities in the coming altcoin news.

In a press release, the big four giant PwC indicated that it will begin accepting the Bitcoin payments from October 1 and that the company will partner with a Luxembourg-based crypto exchange in order to integrate the payments system. The new unit of the accounting firm has also announced that the clients will be able to pay for their services in Bitcoin a month from now. The company stated that Luxembourg is considered as a tax haven for corporations and rich individuals that come here only for the great financial opportunities. The country is also considered Europe’s second-largest share of ultra-high worth individuals after Monaco.

The audit and advisory services company have stated that the move is aimed at ‘’ meeting the needs of the clients’’’ but also to improve and support the European crypto ecosystem. PwC Luxembourg already offered blockchain and crypto services but the company is now more convinced than ever of the exposure offered by the accepting crypto payments will allow for a better service for the clients. PwC boasts more than 400 employees who are focused only on blockchain and crypto-related matters. According to the leader of the company Thomas Campione, the exposure will help to better understand the risks and opportunities presented by the decentralized currencies:

‘’It is very difficult to properly appreciate the challenges of AML/KYC-enhanced due diligence in a world made of public/private keys, with the complexity and risks of custodial solutions, or to comprehend the decentralized finance ecosystem growing “next door” without being exposed to it in its day-to-day activities.’’

PwC Luxembourg’s CEO John Parkhouse noted that one of the most important advantages of using cryptocurrencies with payments is the huge cost-savings because cryptocurrencies offer a smooth, efficient and cheap way of transferring funds across borders. As per the reports in the latest cryptocurrency news, Luxembourg is among the largest economies in the world with jurisdictions covering more than 85 percent of the globe’s investments.