All rights reserved. The content of the website by swissinfo.ch is copyrighted. It is intended for private use only. Any other use of the website content beyond the use stipulated above, particularly the distribution, modification, transmission, storage and copying requires prior written consent of swissinfo.ch. Should you be interested in any such use of the website content, please contact us via firstname.lastname@example.org.
As regards the use for private purposes, it is only permitted to use a hyperlink to specific content, and to place it on your own website or a website of third parties. The swissinfo.ch website content may only be embedded in an ad-free environment without any modifications. Specifically applying to all software, folders, data and their content provided for download by the swissinfo.ch website, a basic, non-exclusive and non-transferable license is granted that is restricted to the one-time downloading and saving of said data on private devices. All other rights remain the property of swissinfo.ch. In particular, any sale or commercial use of these data is prohibited.
EY Switzerland becomes first advisory firm to accept Bitcoin
Nov 25, 2016 – 12:38
Consulting firm EY Switzerland (formerly Ernst & Young) will be the first professional services company to offer its clients the possibility of settling their invoices in Bitcoins. The Bitcoin payment option will be available from January 2017 onwards.
?To our knowledge, we are the first professional services company in the world to offer this service,? an EY Switzerland spokesperson told swissinfo.ch.
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. It is an initiative of EY Switzerland and there are no plans as of yet to roll it across EY branches globally. EY is one of the four biggest accounting firms in the world.
The company has also installed a Bitcoin ATM in its office building in Zurich where Swiss francs can be exchanged for Bitcoins and vice versa. The aim is to help familiarise its employees with the block chain technology and cryptocurrency. The ATM is also accessible to the public on weekdays during office hours.
Switzerland is becoming a hub for block chain technology applications and many Bitcoin-based startups based in the country. Bitcoins can be bought from railway ticket machines, used to pay for government services and traded on the Swiss stock market.