First Advisory Firm To Accept Bitcoin In Switzerland

Nov 27, 2016 at 08:17 // News
Author
Coin Idol

EY Switzerland, one of the four biggest accounting firms in the world, has recently announced to become the first professional services company to accept Bitcoin.

The cryptocurrency payment option will be available fr om January 2017, however, it is an initiative of EY branch in Switzerland and there are no plans as of yet to roll it globally.

EY Switzerland spokesperson said:

“To our knowledge, we are the first professional services company in the world to offer this service.”

According to the report, it is part of the company’s strategy to promote the developments of digital products based on smart contracts with an aim to lowering transaction costs through automatic processing.

The company has also installed a Bitcoin ATM in its office building in Zurich wh ere office employees and customers can buy or sell Bitcoins for Swiss francs.

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