The Softbank-backed office start-up company WeWork has declared that they will start accepting payments through selected cryptocurrencies. The company has partnered with Coinbase and BitPay to expand their flexibility in using cryptocurrency for both outbound and inbound transactions. They will accept PAX (Paxos), BTC (Bitcoin), USDC (US Coin), ETH (Ethereum), and numerous other cryptocurrencies. The brand will also hold the currency within their balance sheet and pay third parties and landlords in cryptocurrencies.
Things the company said about using cryptocurrency
Being an office space company, WeWork wanted to provide their customers or clients with a creative and innovative way to make payments. It chose cryptocurrency as the best choice as it’s not just cheaper, but also a much better option than credit/debit cards. The cryptocurrency payment option is something that taps the community value over $2-trillion. Since the company understands its growing demand for convenience, WeWork has shifted its concentration towards technology to take flexibility to a whole new level.
What does the CEO of WeWork have to say?
WeWork’s CEO, Sandeep Mathrani, has claimed that their job is to evolve and meet the best needs for their workers located across the globe. Since the member base is increasing, their ability to adapt all their services and requirements for a brand-new economy. Mr. Mathrani also added that WeWork will be at the forefront of innovative technologies and look for various ways to help each member. Mr. Mathrani believes by adding the cryptocurrency payment option will help the company grow and gain success along the way.
Things to know about WeWork
WeWork got established with a vision to build environments where companies and people will come together and do their work. The company came to light in 2010 and opened its first location in New York City. Since then, it has expanded into a flexible space provider. They are committed to delivering unmatched community experiences, inspiring spaces, and technology-driven flexible solutions to all their customers.
Ending Note
There is no doubt that cryptocurrency payment options are useful for various big and small companies in the industry. Due to their high demand, companies like WeWork have taken an interest to adopt it as its payment option. WeWork believes that works will save money through the cryptocurrency payment option and transfer and withdraw cash through it safely.