Wework Dives Into Crypto For Payments

As at the time of writing this news, the following information was gathered;

Softbank- backed company has supported Wework on its quest to accept cryptocurrencies in payments, in addition the company is partnering with Bitpay and Coinbase.

The company has disclosed several initiatives regarding cryptocurrencies on Tuesday on the basis of providing an environment for individuals and businesses from freelancers to fortunate 500 companies, with more than 800 locations worldwide in more than 150 cities.

Wework has claimed that it is the greatest global service provider in the world with Japanese multinational conglomerate having majority of the stake.

Wework announced that it will now accept selected cryptocurrencies for payments, in order to utilize the cryptocurrency for inbound and outbound transactions in conjunction with Bitpay and Coinbase.

Other important updates from the news include;

In the process of joining a growing list of companies such as Elon Musk's Tesla, Wework has decided to keep cryptocurrencies on its balance sheet.

Wework has also noted that Coinbase was the first member to pay for membership in Cryptocurrency.

In conclusion, the company will pay landlords and third-party partners in cryptocurrencies where applicable through coinbase

Wework's VEO added that the company has always been at the forefront in technological innovations, finding new ways to support its members.

He equally stressed that, the expansion of their options was to add Cryptocurrency as a means of payment

Marcelo Claire softbank's group international CEO commented that " Cryptocurrency helps to build a stronger global economy.

Wework's announcement demonstrates that the company is not only committed to innovations but also a globally focused business

What are your views about Wework's acceptance of cryptocurrencies for payments?