WeWork to Now Accept and Hold Bitcoin: A Potential Turning Point?
Earlier this week, WeWork announced that it would begin accepting payments in cryptocurrencies. In a move following Tesla and MicroStrategy, the commercial real estate start up stated that it would begin holding Bitcoin on its balance sheet — another sign of Bitcoin’s growing institutional acceptance. WeWork said that it will accept Bitcoin, Ethereum, and USD […]
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Global space provider Wework has announced that it will now accept payment in select cryptocurrencies. The company has partnered with Bitpay and Coinbase for inbound and outbound transactions. In addition, the Softbank-backed company says it will also hold the currency on its balance sheet. Wework Dives Into Crypto Wework announced Tuesday several initiatives regarding cryptocurrencies. The company provides environments for individuals and businesses, from freelancers to Fortune 500 companies. With over 800 locations worldwide in more than 150 cities, Wework says it is the largest global....
In a company announcement, shared workspace provider WeWork said it will use bitcoin for inbound and outbound transactions.
The coworking firm is the latest to see crypto as a suitable asset for its corporate treasury. Coworking space giant WeWork is the latest company to announce plans to hold cryptocurrencies on its balance sheet.The SoftBank-owned commercial real estate firm announced its plans via a statement on Tuesday. WeWork’s crypto balance sheet will come from the company adopting cryptocurrencies as a payment method.According to the announcement, WeWork has partnered with crypto payment service platform BitPay to accept digital currency payments for its workspaces.WeWork will reportedly accept Bitcoin....
The cryptocurrency-infused financial tech company Revolut has announced it has purchased a Wework office with bitcoin. Revolut detailed that the office space in Dallas, Texas will house 300 employees to prepare for the company’s U.S. expansion.
Revolut Pays Bitcoin for Wework Property in Texas
On September 16, 2021, Revolut, the fintech firm that offers users cryptocurrency services and aims to provide the world with a “global financial superapp” announced a deal with Wework. According to the announcement, Revolut will be leveraging the Wework workspace at....
Highly controversial WeWork Founder Adam Neumann is now back with more than $70 million in funding for a new crypto tech initiative that offers tokens linked to carbon offsets. The Goddess Nature Token (GNT) that runs on the Celo Blockchain is exchanged for carbon. Neumann raises money for Flowcarbon, his new crypto startup, from private […]