Payments in cryptocyurrencies, will now be accepted by WeWork as announced by the commercial real estate earlier this week.
Also Bitcoin will be held in the WeWork balancesheet, which is another sign of Bitcoin’s growing institutional acceptance. The acceptance of cryptocurrencies by WeWork is in a move to follow the footsteps of MicroStrategy and Tesla.
As payment for services, the commercial real estate company, WeWork opined that they will start accepting Ethereum, Bitcoin and USD Coin, with other cryptocurrencies, which they will retain, other than converting it to fiat.
Coinbase, alongside crypto merchant Bitpay, has partnered with WeWork to facilitate its cryptocurrency transactions. The U.S. crypto exchange giant is also the very first WeWork member to pay for its membership in cryptocurrency.
In the press release, WeWork Chairman Marcelo Claure had this to say about the company’s recent venture into cryptocurrencies:
“When we think about the workplace of the future and business, we have to consider cryptocurrency a central part of that conversation. Cryptocurrency helps build a stronger global economy and WeWork’s announcement demonstrates the company’s commitment not only to innovation, but also to being a globally-focused business.”