Ernst & Young Switzerland Will Accept Bitcoin Next Year
The Swiss branch of global professional services firm Ernst & Young is set to begin accepting bitcoin payments next year. Starting in January, EY Switzerland will accept bitcoin for invoice payments, the firm said last week. The company will also launch a new bitcoin ATM at its office in Zurich, as well as a dedicated wallet option for EY employees. The launch is, perhaps, an extension of the ongoing cultural experiment involving the digital currency in Switzerland. Late last month, Swiss railway service SBB made international headlines after it announced that it would sell bitcoin through....
Related News
The Switzerland base of multinational services giant and one of the so-called “Big Four” accounting firms, Ernst & Young (EY), will become the first of its kind to accept bitcoin as payment for its services. Come January 2017, clients of EY Switzerland will be able to pay for the firm’s auditing and advisory services using bitcoin. The accounting giant claims to be the “first advisory firm to accept Bitcoins for its services,” in an announcement last week. The new payment method is a part of EY “digitizing itself”, the firm claimed, explaining its reason to accept the world’s most....
Ernst & Young is one of the most respected companies active in the financial sector today. Despite their interest in blockchain technology, the company is also selling US$16m worth of confiscated Bitcoin next month. A Huge Bitcoin Auction By Ernst & Young. The bitcoins in question were seized last year as part of an investigation into criminal activity over the Internet. There will be 11 lots of 2,000 coins each, and one big lot of 2,518 BTC. This seems to follow the same trend of how the Silk Road bitcoins were sold last year. It will be interesting to see who decides to bid on these lots....
One of the “Big Four” audit firms the multinational financial management service Ernst & Young (EY) is auctioning $16 million worth of bitcoin next month in Sydney, Australia. The 24,518 bitcoins seized by special agencies will make for the country’s first cryptocurrency auction of this magnitude — much like the U.S. Marshals Silk Road auctions in....
EY Switzerland will become the first advisory firm in the world to accept Bitcoin. Formerly known as Ernst and Young, the professional service company announced via a press release on Friday, that it would be integrating Bitcoin as part of a greater digitization process. All EY Switzerland employees will be issued Bitcoin wallets through a custom wallet app. This will also include a publicly accessible two-way Bitcoin ATM at its headquarters in Zurich. As EY Switzerland CEO Marcel Stalder notes, the pro-Bitcoin push is necessary to get his company and employees familiar with Blockchain....
Ernst & Young has announced six startups will participate in its first-ever startup contest focused exclusively on blockchain. Over a six-week period beginning next week, the firms will work with mentors from the "Big Four" accounting firm to build products focused on digital rights management and energy trading. The founder Ernst & Young's Startup Challenge, Jamie Qiu, said that the selected startups represent his firm's belief that the potential benefits of blockchain expand beyond the financial sector. Qiu described the challenge's dual focus: "These two key areas....