Hong Kong's PricewaterhouseCoopers (PwC) auditing and accounting firm began accepting Bitcoin as a payment for his professional services. The company noted that the first Bitcoin payments that it accepted were local businesses involved in digital currencies and Blockchain technology.

According to PwC Asia-Pacific president Raymund Chao, their decision to accept Bitcoin as a means of payment reflects their move to embrace new technologies. Chao also notes:

"This is also an indication that Bitcoin and other established cryptocurrencies have developed into more widely accepted forms of regulation."

The Phenomenal Performance of Bitcoin

PwC's decision to accept Bitcoin as a payment method occurred at a time when the main cryptocurrency is recording a rise unprecedented financial markets. The most popular virtual currency crossed the $ 11,000 mark for the first time in its short history. This phenomenal performance has resulted in the emergence of questions about whether Bitcoin is a true store of value and means of trading that can be used in transactions or just a day trading game.

PwC's previous work on cryptocurrencies.

PwC has often been one of the first to adopt new technologies. The company has been involved in digital currencies and Blockchain technology since 2014. Among its activities are the publication of statements supporting the role of Bitcoin in promoting innovations in various industries, as well as conducting its own research on virtual currencies

One of the research initiatives launched by the company is a project to investigate the possible application of Blockchain in the wholesale insurance industry. The project was advanced in collaboration with the Long Finance initiative of Z / Yen thinktank. PwC has also set up its own consulting services to advise customers on new technologies.