Revolut Is WeWork’s First Enterprise Member to Pay for Office Space in Bitcoin

Office-sharing giant WeWork said that U.K.-based digital bank Revolut has become its first enterprise member to pay for office space using cryptocurrency.

• WeWork said Revolut will use bitcoin to pay for its 300-employee office space at a WeWork site in Dallas, its largest office in the U.S.
• The office space provider first began accepting cryptocurrency as payment in April, with Coinbase (NASDAQ: COIN) paying for its membership with crypto. WeWork said it accepts bitcoin, ether, USDC and several other cryptos as payment through BitPay.
• Revolut offers money transfer services, including the ability to buy, sell and hold several cryptocurrencies within its app. The firm has more than 16 million customers around the world.
• In July, Revolut was valued at $33 billion in a funding round led by SoftBank and Tiger Global Management.
• “We’re excited to continue on our rapid growth trajectory with an innovative partner like WeWork that affords us the flexibility to pay using cryptocurrency – a technology whose future we vehemently believe in – as Revolut expands in the U.S. and around the world,” said Rhebeckha D’Silva, Revolut’s global head of real estate.

Read more: WeWork Accepting Crypto as Form of Payment