WeWork, an office space provider today announced that it will start accepting cryptocurrencies as a form of payment from clients in association with Coinbase exchange and BitPay. The firm is looking to expand its economy by allowing inbound and outbound transactions in selected cryptocurrencies.
WeWork will accept Bitcoin (BTC), Ether(ETH), USD Coin (USDC), Paxos (PAX), and several other cryptocurrencies as payment for its offerings via BitPay. The firm would also hold cryptocurrencies on its balance sheet.
WeWork CEO, Sandeep Mathrani, said:
“WeWork’s strength is in our ability to evolve and best meet the diverse needs of our members around the world. As our member base continues to grow in the fintech sector, so will our ability to adapt to their needs and service a new economy. 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 a
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