WeWork will accept Bitcoin for membership fees

Company will use the digital tokens to pay landlords when possible

National /
Apr.April 20, 2021 03:12 PM
WeWork CEO Sandeep Mathrani. (Getty, WeWork)

WeWork CEO Sandeep Mathrani. (Getty, WeWork)

WeWork will begin to accept cryptocurrency, including Bitcoin and Ethereum, as a form of payment for its workspaces.

The company announced Tuesday that customers can use the currency to pay for memberships; it will then use the cryptocurrency to pay its landlords and other vendors whenever possible, the Commercial Observer reported.

“WeWork has always been at the forefront of innovative technologies, finding new ways to support our members,” CEO Sandeep Mathrani said in a statement to the publication. “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.”

Unsurprisingly, the cryptocurrency exchange platform Coinbase will be the first WeWork member to use that method of payment. WeWork will process the funds using the platform BitPay.

In recent weeks, several other real estate companies have announced a newfound acceptance of cryptocurrency. Rick Caruso’s eponymous real estate firm announced that it will begin accepting rent payments in Bitcoin across its retail and commercial properties.

Real estate investor Kent Swig recently secured $6 billion in gold reserves to back his new cryptocurrency, DIGau.

[CO] — Sasha Jones





    Related Articles

    arrow_forward_ios
    Wendy Silverstein (Credit: Getty Images)
    Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
    Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
    WeWork CEO Adam Neumann (Credit: Getty Images and iStock)
    WeWork’s side businesses are fizzling
    WeWork’s side businesses are fizzling
    Sarah Pontius (Credit: Union College)
    Another head rolls at WeWork
    Another head rolls at WeWork
    Google CEO Sundar Pichai (Getty, iStock)
    Google’s hybrid model will allow 20% of employees to work remotely
    Google’s hybrid model will allow 20% of employees to work remotely
    Illustration of Amazon's Jeff Bezos (Photo illustration by Kevin Rebong for The Real Deal)
    No room in the warehouse: Amazon fuels shortage
    No room in the warehouse: Amazon fuels shortage
    RXR Realty's Scott Rechler with 75 Rockefeller Plaza (Getty, David Shankbone/Wikimedia)
    RXR Realty serves American Girl with a lawsuit
    RXR Realty serves American Girl with a lawsuit
    SL Green’s director of leasing Steve Durels and One Vanderbilt. (SL Green, One Vanderbilt)
    SL Green to offer flex offices at One Vanderbilt
    SL Green to offer flex offices at One Vanderbilt
    Katie Kurtz and Silverstein Properties chairman Larry Silverstein (Silverstein, Getty)
    Silverstein Properties hires Katie Kurtz as new CFO
    Silverstein Properties hires Katie Kurtz as new CFO
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...