PricewaterhouseCoopers Luxembourg Will Accept Bitcoin Payments

PricewaterhouseCoopers (PwC) Luxembourg, a European branch of the major institutional auditing firm announced that it will accept customers paying in Bitcoin starting October 1st. This approach is in response to the increasing needs of customers and provides them with other secure payment channels to reflect economic progress.

The PwC Luxembourg division specializes in building blockchain strategic product architectures around the global PwC brand blockchain products, including cryptocurrency accounting tools, smart tracking, and smart vouchers. This will provide professional support for companies considering the application of blockchain and encryption assets, reform or innovation.

According to its announcement, the Luxembourg branch believes that blockchain and cryptocurrency technologies will become the medium of economic long-term standards. Thomas Campione, head of blockchain and encryption assets at PwC’s Luxembourg division, said the company could not simply invest, promote and build solutions for its customers, but did not really accept cryptocurrencies. At the same time, if you want to correctly understand the challenges of anti-money laundering or knowing the due diligence of customers, you should also touch the cryptocurrency daily.

PwC also indicated that the acceptance of cryptocurrency payments will face challenges, and the company will carefully review internal policies and procedures to meet the standards of the cryptocurrency industry. The company will work closely with local regulated exchanges to provide the best payment experience. As one of the Big Four accounting firms, PwC has also actively expanded its blockchain-related business in recent years. The Hong Kong branch also began accepting bitcoin payment methods as early as 2017.