‘Big Four’ Firm PwC Receives Payment In Bitcoin

November 30, 2017 7:24 PM

PwC, one of the world’s “big four” accounting firms, has received bitcoin in exchange for its services.

The auditing and accounting giant PwC (formerly PricewaterhouseCoopers) has accepted an undisclosed sum in bitcoin from a client, according to a November 30 announcement.

PwC Asia-Pacific chairman Raymund Chao described the move as a sign that the firm is “embracing new technology,” adding that “it is also an indication that bitcoin and other established cryptocurrencies have now developed into more broadly accepted forms of settlement.”

A representative of the company’s Hong Kong branch, which received the payment, said that the move comes as the organization has been working with an increasing number of blockchain startups.

PwC has made previous forays into the cryptosphere. The firm is an original member the Swiss-based Crypto Valley Association and, earlier this year, it took on an advisory role in a blockchain-integrated project to fight food counterfeiting spearheaded by Chinese e-commerce leader Alibaba.

Adam Reese is a Los Angeles-based writer interested in technology, domestic and international politics, social issues, infrastructure and the arts. Adam is a full-time staff writer for ETHNews and holds value in Ether.

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