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PwC will accept bitcoin (BTC) in Luxembourg
PwC will accept bitcoin (BTC) in Luxembourg
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PwC will accept bitcoin (BTC) in Luxembourg

By Michele Porta - 3 Sep 2019

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The Luxembourg-based subsidiary of PwC (PricewaterhouseCoopers) has released a press release explaining that from October 1st, 2019 it will accept bitcoin (BTC) payments to “support the growing national crypto ecosystem”.

PwC is a full-fledged international network operating in over 150 countries with more than 250,000 employees and revenues of $51 billion. It is part of the so-called Big Four, a conglomerate of audit firms that operate across the entire market.

The other three are KPMG, Ernst & Young and Deloitte (the latter widely active within the blockchain market).

“The Firm acknowledges the challenges of this move and has carefully reviewed its internal policies and procedures to meet the standards required by the crypto industry and closely collaborated with a local regulated exchange to provide the best payment experience. PwC Luxembourg is stepping further into blockchain and crypto-assets by accepting Bitcoin payments from its clients as from 1 October 2019”.

PwC’s branches are spread all over the world and Luxembourg is not the first country to accept bitcoin (BTC) as a payment method – the Hong Kong office made this choice two years ago in 2017.

The head office is currently in London and the company continues to expand.

“Globally, PwC has more than 400 staff working on blockchain and crypto-topics […], all deeply connected through a very strong network coordination.

PwC’s internal team in Luxembourg, led by Thomas Campione, aims to support loyal customers and those who still aren’t, in the process of opening the doors to blockchain technology and cryptocurrencies, in particular, bitcoin (BTC).

“What is certain, however, 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”.

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