Bitcoin grows as a payment method: WeWork joins the crypto market.
American real estate company WeWork will begin accepting payments in cryptocurrencies for companies subscribed to its programs.
Just as institutional investments in Bitcoin (BTC) were an emerging phenomenon in the market at the end of last year, the first months of 2021 saw countless news of large companies accepting cryptocurrency as a payment method . The latest firm to announce its new crypto platform is WeWork , the American real estate company known for providing shared workspaces to tech startups .
According to a press release published by the firm in recent days, customers will have the possibility to pay for the service with BTC , Ethereum (ETH) and Paxos (PAX) . Likewise, the second largest stablecoin on the market will also be accepted: USD Coin (USDC).
The project was born out of a new partnership with digital payment provider Bitpay, and has already received backing from large companies that are subscribed to WeWork . Coinbase , the largest exchange in the United States, announced that it will become the first customer to pay for its subscription with cryptocurrencies.
” WeWork has always been at the forefront of innovative technologies , finding new ways to support our members,” said WeWork CEO Sandeep Mathrani . He added: “It only makes sense for us to expand the option we provide by adding cryptocurrencies as an accepted form of payment . ”
For his part, the firm’s president, Marcelo Claure , celebrated his company’s innovation and highlighted cryptocurrencies as tools that ” help build a stronger global economy . ”