TWO OF THE FOUR GREATEST FINANCIAL AUDIT GROUPS ACCEPT BITCOIN PAYMENTS NOW

tighilt (49)in #steem • 7 years ago

The Big Four, the world's four largest financial audit groups (Deloitte, EY, PwC, and KPMG), are continually seeking to innovate to better meet the demand of their customers. So it's no wonder they seem to be moving towards the applications offered by blockchain technology.

PWC Hong Kong accepts payments in Bitcoin

Bitcoin and blockchain technology are gradually investing in many sectors: commerce, finance and industry.

The Big Four (Deloitte, EY, KPMG and PwC) seem to offer greater legitimacy to cryptocurrency by adapting their services to new business models, such as cryptocurrency trading platforms, funds invested in digital currency, or the Initial Coin Offerings (ICOs).

PwC changing cryptocurrency marketTherefore, PricewaterhouseCoopers is now offering a range of "blockchain services" to help financial and technology companies take advantage of the technology behind Bitcoin.

And PwC's Hong Kong offices now accept Bitcoin payments. Here's what the Wall Street Journal reports:

"PwC Hong Kong has stated that it accepts this payment method because it is working more and more with local startups involved in crypto-currencies and blockchain, distributed register technology that manages Bitcoin transactions by registering them in a public register. "

In a September 2015 post titled "Money is not an object: Understanding the evolving market of cryptocurrencies", the firm had already explained that Bitcoin had "demonstrated its value"

Raymund Chao PwCLe Wall Street Journal quoted Raymund Chao, president of PwC Asia Pacific, as saying:

"This is proof that Bitcoin, but also other 'established' crypto-currencies have become widely accepted modes of settlement."

The Big Four are turning to Bitcoin and blockchain

The other companies that make up the Big Four (Deloitte, EY and KPMG) also seem eager to adapt to the technological advances offered by Bitcoin and blockchain technology.

Thus, to promote the adoption of Bitcoin, EY Switzerland had set up BTC distributors last January during the World Web Forum. If they could buy Bitcoins for transfer to their wallet, visitors also had the opportunity to offer their digital currency to Avatar Kids, a foundation designed to provide hospitalized children with a telepresence program, thanks to a robot. making himself in the classroom instead of the student.

But 2017 is also the year EY became the first Big Four company to accept Bitcoin payments for its services. Here is what we read on a press release published at the end of 2016:

"EY is digitizing - starting in 2017, it will be possible to pay bills issued by EY Switzerland in Bitcoin, employees will receive a digital wallet, and a Bitcoin distributor will be set up in the building main."

Deloitte also seems to adhere to the idea that Bitcoin and its technology offer many opportunities. Here is what we read in an article published this week by the consulting firm:

"While this e-money was initially greeted with some skepticism, the technology on which it is based is now seen as an innovation, paving the way for many revolutionary opportunities."

Deloitte has been interested in the crypto-currency ecosystem for some time. The company had published in 2014 a report in which it presented the advantages of Bitcoin as a means of payment, despite its high volatility.

Employees who work in Deloitte's Toronto offices can benefit from a Bitcoin distributor, but also pay for their Bitcoin meal at Bitro 1858.

For its part, KPMG offers consulting services related to the cryptocurrency ecosystem, such as the implementation of blockchain solutions or the conduct of fundraising through ICOs.

Last November, KPMG joined the Crypto Valley Association as the first strategic partner. Crypto Valley's mission is to "take full advantage of Switzerland's strengths to develop a world leader in blockchain and cryptographic technologies."

In addition, KPMG recently joined the Wall Street Blockchain Alliance (WSBA), an organization that aims to promote the adoption of blockchain technology in the financial markets.

It should be noted that the Big Four, which are the four largest providers of business services in the world, offer a range of diverse and varied advice (tax, legal, financial, ...). Proof of their dominance in this market, they offer audit services to 99% of companies in the FTSE 100, the hundred best-capitalized UK companies listed on the London Stock Exchange.

The involvement of these Big Four in the crypto-currency ecosystem could be indicative of the legitimacy that Bitcoin seems to be getting - even though it is still perceived by many observers as a "fraud", a ponzi pyramid, a speculative bubble, or an asset that has no future.

Receive every day a current summary and the latest news of the last 24 hours of the world of cryptocurrency. @tighilt

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7 years ago in #steem by tighilt (49)

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