The Hong Kong office of the world-renowned auditing and accountancy firm PricewaterhouseCoopers (PwC) has started accepting Bitcoin as payment for its professional services, according to the Wall Street Journal.
According to PwC’s Asia-Pacific chairperson Raymund Chao, accepting cryptocurrency as means of payment reflects their attitude towards new technologies and their desire to embrace them. He also added:
“It is also an indication that Bitcoin and other established cryptocurrencies have now developed into more broadly accepted forms of settlement.”
PwC’s decision to accept Bitcoin as payment comes at a time where the world’s first cryptocurrency saw an unprecedented rise past the $11,000 target, currently sitting at $10,961.50 and not showing any signs of pulling back.
PwC’s have proven over the years to have an early adopter mentality when it comes to new technologies on the market, as they have been involved with digital currencies and Blockchain technology since 2014. They have repeatedly issued statements supporting the role of Bitcoin in advancing innovations in various industries and also created a research team to look into these digital currencies.