• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
px PwC in Cairo Egypt

[Updated] PwC Announces Entry into Bitcoin and Blockchain

Samuel Rae by Samuel Rae
7 years ago
in Bitcoin
Reading Time: 3 mins read
Advertisement

[29/1/15 Update: PwC has announced that it is partnering with Blockstream, a blockchain startup]

It seems the corporate and government related adoption of blockchain technology is picking up pace. Over the last couple of days we’ve seen China announce its intentions to introduce a block chain based digital currency for mainstream adoption and Australian banks initiate blockchain tech hubs in Hong Kong with plans to do the same in London next quarter. We’ve also seen German banks predict that cash will be redundant as soon as ten years from now. It seems as if – after a long period of uncertainty – these institutions are finally realizing that the future of domestic and international finance is just around the corner, and that blockchain technology could very well be the foundation of this future. In turn, they are scrambling to understand its underlying mechanism and potential applications.

Today we got word of yet another household name financial services company venturing into blockchain tech. The company is PricewaterhouseCoopers (PwC). For those not familiar with the company, PwC is a global organization that employs more than 200,000 people across primarily the US, Europe and Asia. It generated a little over $35 billion revenues last year. It is considered one of the big four accounting firms in the world, is the sixth largest private company in the US, and is the go-to audit entity for 35% of the fortune 100, attracting more than 43% of Fortune 100 audit expense dollars last year. And now, its turned is attention to the blockchain.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

So what do we know so far? Well, as yet, not much. The little we do know, however, is enough to get us excited. Here goes. PwC has started to put together what it calls its blockchain team. The team will be located in Belfast, UK, and PwC expects to expand its 15 core staff to more than 40 before the end of this year. The teams remit will be to investigate potential blockchain applications for PwC’s clients, as well as to improve general understanding of the technology across the financial sector.

Here’s a couple of quotes from the big names associated with the move.

Steve Davies, PwC partner and EMEA FinTech Leader, said:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

There’s clear evidence that banks, institutions and even governments are looking at blockchain technology as a secure storage and distribution solution…as the blockchain juggernaut continues to gather pace, PwC will be well placed to service our clients’ needs at a global level.

Ashley Unwin, PwC UK Executive Board member said:

Blockchain technology is worrying major players in the financial services industry as they don’t know where it will go or its potential to disrupt business models… We are confident that these disruptive FinTech technologies will trigger a huge increase in demand for blockchain expertise and we intend to be a leader in exploiting these disruptive new technologies.

This isn’t the first time PWC has expressed interest in the blockchain’s potential. Last year, the company released a report titled “Money is no object: Understanding the evolving cryptocurrency market”, which sought to understand how cryptocurrency, and most notably bitcoin, might affect the financial space going forward. It seems the conclusions drawn from this report were enough to persuade PwC of cryptocurrency’s potential.

Tags: Bitcoin Newsbitcoin technologyblockchainPricewaterhousecoopersPwC
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Samuel Rae

Samuel Rae

Related Posts

Bitcoin Network

Craig Wright Wants His $2.5 Billion, Demanding For a Bitcoin Hard Fork

1 day ago
Bitcoin

Don’t Get Too Greedy On Bitcoin, Analyst Suggests, Here’s Why

2 days ago
bitcoin price bear

Will Bitcoin Price Return To $20,000? Here’s What Investors Expect

2 days ago
Bitcoin

Bitcoin Short-Term Holder Profit Taking Reaches Levels Not Seen Since Nov. 2021

3 days ago
Bitcoin crypto liquidations

Crypto Market Still Reeling As Bitcoin’s Break Above $24,000 Triggers Liquidations

3 days ago
Nigerians buying bitcoin

Are Nigerians Really Buying Bitcoin For As High As $34,000?

4 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Big Eyes Coin Presale Crosses $22 Million Mark, Indonesia Plans Launch of Crypto Exchange in June

February 5, 2023

Presenting LYOPAY Pro – An Innovative Payment App Connecting Traditional Finance with Digital Currency

February 5, 2023

Dogecoin (DOGE) And Fantom (FTM) Make Appreciable Profits As Orbeon Protocol (ORBN) Moves Closer To 700%

February 5, 2023

Monero (XMR) and Dogecoin (DOGE) are Popular Twitter Crypto Recommendations. Here’s Why Savvy Investors Choose Snowfall Protocol (SNW) Instead

February 5, 2023

Price Predictions for Polygon (MATIC), Uniswap (UNI), and Snowfall Protocol (SNW) for 2023 – 2030

February 5, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.