WeWork enables Bitcoin and Ethereum payments, to hold cryptos in its balance sheet
BTC Peers
Published Apr 20, 2021 09:47AM ET
Updated Apr 20, 2021 10:00AM ET
WeWork enables Bitcoin and Ethereum payments, to hold cryptos in its balance sheet
WeWork, an American real estate company providing shared workspaces for startups, has announced that it will start accepting cryptocurrency payments from its customers.
The co-working giant revealed in an official post that it was expanding its payment flexibility to include digital assets for both inbound and outbound transactions. For a start, the list of supported cryptocurrencies includes Bitcoin, Ethereum, two stablecoins (USD Coin and Paxos), and several other digital assets.
The initiative is made possible through a partnership with BitPay (a cryptocurrency payment service provider) and Coinbase. Moving forward, landlords and third-party partners will be able to receive payments in Bitcoin or any of the supported cryptocurrencies through Coinbase.
Meanwhile, crypto exchange Coinbase is the first WeWork member to use the new payment offering.
WeWork’s CEO Sandeep Mathran asserted that his company was expanding to meet the needs of clients in the fintech sector. He explained:
WeWork’s strength is in our ability to evolve and best meet the diverse needs of our members around the world. As our member base continues to grow in the fintech sector, so will our ability to adapt to their needs and service a new economy. WeWork has always been at the forefront of innovative technologies, finding new ways to support our members.Apart from accepting digital assets as a form of payment, WeWork disclosed that it would also hold cryptocurrencies on its balance sheet.
Continue reading on BTC Peers
Get The News You Want
Written By: BTC Peers
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.