Since the Queen of Hamburg, PricewaterhouseCoopers Luxembourg accepts bitcoin payments

According to Cryptolate, the PwC Luxembourg branch announced in a press release on September 2 that, from October 1, 2019, it will accept bitcoin payments from customers and further enter the blockchain and encryption assets.

Bitcoin-3215526_960_720

(Source: Pixabay )

PricewaterhouseCoopers Luxembourg said the move was designed to respond to customer demand and to address the growing adoption of Luxembourg's encryption technology. At the same time, the press release stated that Bitcoin, as the first peer-to-peer payment mechanism based on the decentralized credit model, was unchanged and never compromised. PricewaterhouseCoopers Luxembourg firmly believes that blockchain technology is a “standard” for the medium to long-term economy and therefore positions itself as an early adopter of the technology.

Thomas Campione, head of the blockchain and encryption assets at PricewaterhouseCoopers in Luxembourg, said:

After evaluating the market, the company quickly discovered that we must fully participate in the blockchain embrace to better continue to invest and promote in this field, build solutions for customers and support its transformation. We should play a leading role. Only by becoming an active leader and promoter of the industry, PwC Luxembourg can understand the natural challenges of the cryptocurrency world. In this world of public and private keys, we will have a hard time understanding the “enhanced version” of anti-money laundering and understanding the difficulties behind your customer due diligence, the complexity and risk of hosting solutions, or decentralized finance. The development of ecosystems, unless we actually use bitcoin and blockchain technology in our daily work.

The team led by Campioni combines traditional business (insurance, consulting and taxation) with pure blockchain developers and technical teams to “support blockchain and crypto-asset projects for existing and future customers, traditionally Bridging the gap between business and decentralized business, building connections between incumbents and blockchain or participants in encryption projects."

John Parkhouse, senior partner and CEO of PricewaterhouseCoopers Luxembourg, said:

To a large extent, the development of blockchain technology and the emerging decentralized economy supported by the rise of cryptographic assets relies on individuals' ability to understand the subversive and universal effects of these new concepts.

More importantly, it also depends on the ability of the ecosystem to evolve simultaneously. Skills improvement will be key, and building and developing an ecosystem is at least as important as acquiring technology benefits. Whether it is to cut costs through process streamlining, relying on the new decentralized mode to improve the utilization of social capital, or relying on tokens to release the hidden value that is currently trapped in the economy, this is true. Headquartered in London, UK, PricewaterhouseCoopers is the world's second-largest professional services firm, and is known as the Big Four accounting firm with KPMG, Ernst & Young and Deloitte. PricewaterhouseCoopers Luxembourg is a member of PwC International Limited (PwC IL). All PwC member companies are independent legal entities that provide services locally and internationally and do not assume any responsibility for PwC IL.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Derivatives track has become an industry consensus. Bitcoin will be up to 20,000 US dollars in the year?

2020 cryptocurrency market welcomes a good start: BTC rose more than 29% in January, and regained the 10,000 yuan mar...

Policy

FTX's Big Sell Grayscale and Bitwise Assets On the Market for $744M

FTX creditors have requested approval from an investment advisor for the sale of trust assets and related procedures.

Opinion

a16z evaluates the regulation of Web3 in the United States The regulatory situation is much more optimistic

This article analyzes and rates cases involving Coinbase, Uniswap, ZeroEx, OPYN, and Deridex, and finds that the regu...

Blockchain

FCoin thunders, Zhang Jian confesses that over 900 million yuan cannot be paid, and foreign exchanges have significant financial risks

Source: Finance and Economics · Chain Finance Author: Chen At about 6 pm on February 17, Zhang Jian, the founder...

Market

The short-lived boom is hard to sustain, the second major crash after FTX is on its way.

Macro recession, will it make crypto become a safe haven asset, or will it collapse the entire crypto world? Original...

Blockchain

A picture of the stolen Bitcoin exchange in the past years

This infographic is mainly to summarize the past money currency exchanges and then display them in a visual form. The...