WeWork To Accept Crypto—And Will Pay Its Landlords In Crypto

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it will accept Bitcoin, Ethereum, USD Coin, Paxos and several other cryptocurrencies as payment for its offerings, including memberships.

The company said it would retain any payments on its balance sheet—rather than converting it to another currency—and would look to pay landlords and partners in crypto if they are amenable. ast week, will be the first client to pay for its WeWork membership in cryptocurrency, the statement said. WeWork chief executive Sandeep Mathrani, said the company needs to adapt to the needs of its growing membership in the fintech sector and to service this “new economy.”Cryptocurrencies are becoming increasingly popular as a form of payment. Elon Musk’s Tesla, which also holds a sizable investment in the currency, attracted headlines when it

 

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