Revolut Is WeWork’s First Enterprise Member to Pay for Office Space in Bitcoin

The digital bank is using BTC to pay for a 300-worker office in Dallas, its largest in the U.S.

Sep 16, 2021 at 4:47 p.m. UTC
Updated Sep 16, 2021 at 5:38 p.m. UTC

Office-sharing giant WeWork said that U.K.-based digital bank Revolut has become its first enterprise member to pay for office space using cryptocurrency.

  • WeWork said Revolut will use bitcoin to pay for its 300-employee office space at a WeWork site in Dallas, its largest office in the U.S.
  • The office space provider first began accepting cryptocurrency as payment in April, with Coinbase (NASDAQ: COIN) paying for its membership with crypto. WeWork said it accepts bitcoin, ether, USDC and several other cryptos as payment through BitPay.
  • Revolut offers money transfer services, including the ability to buy, sell and hold several cryptocurrencies within its app. The firm has more than 16 million customers around the world.
  • In July, Revolut was valued at $33 billion in a funding round led by SoftBank and Tiger Global Management.
  • “We’re excited to continue on our rapid growth trajectory with an innovative partner like WeWork that affords us the flexibility to pay using cryptocurrency – a technology whose future we vehemently believe in – as Revolut expands in the U.S. and around the world,” said Rhebeckha D’Silva, Revolut’s global head of real estate.

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Tanzeel Akhtar is a CoinDesk news reporter based in Europe.