WeWork To Accept Cryptocurrencies For Payments, Teams Up With Coinbase And Bitpay

WeWork To Accept Cryptocurrencies For Payments, Teams Up With Coinbase And Bitpay
April 21
08:45 2021

WeWork, a popular office-sharing startup, has joined the club of global enterprises accepting cryptocurrencies. 2021 has witnessed a wide-scale adoption and endorsement of altcoins by leading companies like Tesla Inc, Visa Inc, and Twitter.

Earlier in the week, on Tuesday, SoftBank funded WeWork announced that they have partnered with Coinbase Global Inc. Also, that they will now be accepting select few cryptocurrencies as payments for their services. WeWork confirmed to have struck a deal with cryptocurrency exchange Bitpay to help them create a robust crypto transaction infrastructure.

WeWork is backed by Softbank, an incubator and venture capital enterprise that holds the maximum share in Alibaba. Currently, WeWork is estimated to be worth $9 billion. Last month, it also confirmed its plans to go public. However, SoftBank executives have said that they would retain the maximum share in WeWork even when it goes public.

PSPs Endorsing Crypto

Top global Payment Services Providers (PSPs) have been actively endorsing cryptocurrencies in recent months. Last month, Visa Inc confirmed that it would accept payment settlements in altcoins. Moreover, Paypal, a pioneer payment services provider also confirmed a cryptocurrency checkout service.

Venmo, a peer-to-peer payment services provider which is a subsidiary of PayPal, has also confirmed facilitating crypto payments and storage for their customers through their app.

With more and more top-tier companies accepting decentralised tokens, the future is bright for Altcoins. As the industry is still nascent, 2021 is going to be crucial.

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Utsav K.

Utsav K.

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