Ernst & Young Joins Bitcoin Assn. Switzerland

Announcements, FinTech, Group | May 19, 2017 By:

Accounting and services firm Ernst & Young’s (EY) Swiss arm has joined Bitcoin Association Switzerland (BAS) as a corporate member. EY’s addition to the association will enable the company to support the Swiss bitcoin community.

Bitcoin Association Switzerland is a Swiss community of bitcoin enthusiasts and advocates. BAS aims to raise awareness by organizing events centered on bitcoin and the decentralization of money.

In November, 2016, EY announced a feature that allows customers to pay invoices from EY Switzerland in bitcoin. The firm also installed a bitcoin ATM in its office space and provided its employees with a digital wallet app that enables purchases with bitcoin.

“It is important to us that everybody gets on board and prepares themselves for the revolution set to take place in the business world through blockchains, smart contracts, and digital currencies,” said EY Switzerland CEO Marcel Stalder.

“Being the first of the Big 4 to get into bitcoin, the next obvious step for EY was to support our local bitcoin community by joining the Bitcoin Association as a corporate member,” said Bitcoin Association Switzerland president Lucas Betschart. “We are very happy to welcome EY to our fast growing community.”