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.
Read more: WeWork Accepting Crypto as Form of Payment
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.