4/20/2021, 1:45 PM (Source: TeleTrader)
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WeWork to start taking cryptos as payment

WeWork announced on Tuesday that it will start accepting a number of cryptocurrencies as payment. In a partnership with BitPay, it will accept Bitcoin, Ethereum, USD Coin and Paxos, among others. It stated it will also hold the currency on its balance sheet and pay landlords and third-party partners in cryptocurrencies "where applicable" through Coinbase.

The shared workspace company added Coinbase will be its first client to use cryptocurrency to pay for its membership. "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. 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," said WeWork CEO Sandeep Mathrani.

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