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PwC Luxembourg to accept bitcoin payments starting in October

Yogita Khatri

“Big Four” consulting firm PwC’s Luxembourg branch will accept bitcoin payments from clients beginning Oct. 1.

The firm announced Monday that the move is in response to growing demand, adding that it “strongly” believes in blockchain technology, looking beyond obvious challenges.

“What is certain [...] is that Bitcoin kept its promise as the first peer-to-peer payment mechanism that cannot be compromised and is based on a decentralised trust model,” said the firm.

PwC Luxembourg did not provide details on its tech partner for the move, except that it has “closely collaborated with a local regulated exchange” to provide the “best” payment experience.

Earlier this year, PwC launched an updated auditing solution for its clients who hold cryptocurrencies. The auditing solution, called Halo, offers a full breakdown of clients’ crypto treasury and tracks blockchain transactions to provide “independent, substantive evidence [...] needed to establish ownership of cryptocurrency.”