WeWork Now Acceps Bitcoin For Its Services

American real estate firm WeWork has announced that it now accepts Bitcoin (BTC) as payment for its services.

The firm said it would retain any payments in Bitcoin on its balance sheet, and would start looking to pay landlords and partners in BTC and a selection of other cryptocurrencies.

According to the announcement, WeWork will also accept Ethereum (ETH), USDC, Paxos (PAX) and several other cryptocurrencies as payment for its offerings.

WeWork Partners With BitPay And Coinbase

WeWork has partnered with Bitcoin payment provider BitPay and cryptocurrency exchange Coinbase, who will become WeWork’s first tenant to pay for their services in cryptocurrency.

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WeWork CEO Sandeep Mathrani said the firm’s strength lies in adapting to meet the needs of its members, so expanding payment optionality into Bitcoin and other cryptocurrencies was the right thing to do moving forward.

‘WeWork has always been at the forefront of innovative technologies, finding new ways to support our members,’ said Matharni. ‘It only makes sense for us to expand on the optionality we provide by adding cryptocurrency as an accepted form of payment for our members.’

BitPay will service the payments for WeWork, and the payment provider’s CEO said their intention was to help transform how business transact money.

‘BitPay believes crypto is the future of fintech and payments and our goal is to transform how businesses and people send, receive, and store money,’ said the BitPay CEO. ‘WeWork is giving their customers an innovative payment option that is cheaper and easier than credit cards and taps a community valued at over $2 trillion.’