THELOGICALINDIAN - In their adventure to accretion supremacy in the cryptocurrency ecosystem the Big Four accounting firms Deloitte EY PwC and KPMG are absorption their strategies and abstraction their casework to bigger acknowledge to their barter demands And as a attestation to Bitcoins cachet as an more boilerplate banking asset PwC is afterward EYs advance in accepting payments in Bitcoin
Bitcoin and its blockchain technology are acceptable so common throughout business, finance, and industry that corporations, no amount how big or small, cannot abstain accomplishing business that is, either anon or indirectly, accompanying to Bitcoin and its technology.
The Big Four accounting firms (Deloitte, EY, PwC, and KPMG) assert the cryptocurrency’s ability by all-embracing it and continuously adapting their casework for new business models, such as crypto exchanges, crypto funds, and antecedent bread offerings (ICOs).
For example, PwC offers its advising casework to advice startups, financial, and technology companies to booty advantage of Bitcoin’s blockchain technology. Consistent with this outlook, the PwC appointment in Hong Kong is now accepting payments in Bitcoin. The Wall Street Journal reported:
In a September 2015 paper advantaged “Money is no object: Understanding the evolving cryptocurrency market,” PwC had already accustomed that “Bitcoin has approved its value.”
The Wall Street Journal quotes Raymund Chao, administrator of PwC Asia-Pacific, who said:
The added Big Four firms (Deloitte, EY, and KPMG) are additionally acquisitive to accumulate up with the transformations apprenticed by Bitcoin and its blockchain technology. For example, to advance Bitcoin’s adoption, EY fabricated available ATMs at the World Web Forum for donations to Avatar Kids in January 2015.
Subsequently, as of January 2017, EY became the aboriginal of the Big Four to acquire Bitcoin for its services. According to an EY press release:
Deloitte additionally concurs with the acceptance that Bitcoin’s technology is creating amazing opportunities. Accordingly, a Deloitte article states:
Bitcoin-friendly Deloitte has been actively complex in the cryptocurrency ecosystem for a continued time. Moreover, a Deloitte report acknowledges Bitcoin’s virtues as a agent for payments, in animosity of its volatility. Deloitte cadre are already authoritative use of a BTM and paying for their commons with Bitcoin at Bistro 1858, both amid in Deloitte’s Toronto office.
KPMG is additionally accouterment advising casework accompanying to the cryptocurrency ecosystem, such as blockchain solutions and ICOs. Recently, in November 2017, KPMG joined the Crypto Valley Association as a aboriginal partner. The Crypto Valley Association’s mission is “to booty abounding advantage of Switzerland’s strengths to body the world’s arch blockchain and cryptographic technologies ecosystem.”
Also, KPMG afresh joined the Wall Street Blockchain Alliance (WSBA) as a accumulated member. WSBA fosters the acceptance of blockchain technology beyond banking markets.
The Big Four accumulation comprises the four better providers in the apple of audit, taxation, advisory, actuarial, administration consulting, and accumulated accounts and acknowledged services. They accommodate analysis casework to best of the accessible companies in the world, as able-bodied as abounding clandestine companies. In fact, the Big Four action auditing casework to 99% of the FTSE 100 companies. Therefore, the captivation of the Big Four in the cryptocurrency industry is abundant affirmation of Bitcoin’s acceptation in today’s accumulated world.
Do you anticipate that the actuality that the Big Four firms are accepting Bitcoin will advance Bitcoin’s amount of adoption? Let us apperceive in the comments below!
Images address Shutterstock, PwC, and Twitter/Deloitte.
