WeWork now accepting crypto as payment

WeWork Office Space

Hmm, another one to the list. Office sharing provider WeWork has announced on Tuesday that it is accepting select cryptocurrencies as a form of payment.

Select, as in all the popular coins like Bitcoin, Ether, USD Coin, Paxos, and more.

In addition, the company will also hold the currency on its balance sheet, and pay landlords and third-party partners in cryptocurrencies using Coinbase. As a matter of pure fact, Coinbase will be its first member company to use crypto as payment for its membership.

WeWork Logo

WeWork CEO Sandeep Mathrani commented on this occasion:

“WeWork has always been at the forefront of innovative technologies, finding new ways to support our members. It only makes sense for us to expand on the optionality we provide by adding cryptocurrency as an accepted form of payment for our members.”

Also onboard, is BitPay, the cryptocurrency payment service provider that will enable WeWork to accept a number of cryptocurrencies as for its offerings.

And though WeWork has been in the news lately for the wrong reasons due to a failed IPO, which would have valued the company at $47 billion, this is a logical move for a firm that is rooted in startup culture and the technology space.

Want more information on what happened? This documentary film and the upcoming Apple TV+ original series have you covered.

WeWork is planning a listing in New York later this year, though. That will be done via a special purpose acquisition company (SPAC), a route many in the corporate world are taking including Kraken and eToro to name but a few.

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