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 space provider in the world. Japanese multinational conglomerate Softbank Group Corp. (9984.T) has a majority stake in the company.
In Tuesday’s announcement, Wework said that it is “now accepting payment in select cryptocurrencies.” The company will also utilize “cryptocurrency for inbound and outbound transactions” in partnership with Bitpay and Coinbase. Furthermore, it will keep cryptocur
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