PwC Hong Kong becomes the first accounting firm to accept bitcoin as a form of payment while the US PwC side still had shown its reluctance to support Bitcoin till the end of October 2017. As more and more startups embrace cryptocurrency it becomes inevitable for companies to accept PwC irrespective of the risks to keep up with the trend.
Past month at the Blockchain & IOT Summit held at New York City, managing director Rudy Bakalov was on a panel debating on how blockchain and cryptocurrency is not salable without any tangible assets. However his arguments were crushed by fellow panelists who were in support of blockchain and cryptocurrency.
Explaining that the move demonstrates how PwC is “embracing new technology,” PwC Asia-Pacific chairman Raymund Chao said: – The Wall Street Journal
As more and more companies adopt cryptocurrency, the confidence levels for main street investors will start to raise which indeed will help long term adaption and stability of cryptocurrency. RecentlyCME group,the world’s largest traders of futures exchange announced that bitcoin futures will be traded started December 18th.