WeWork CEO Sandeep Mathrani has announced that the company will start accepting cryptocurrency as a form of payment for its workspaces.
The coworking firm revealed that customers can use this currency, such as Bitcoin and Ethereum, to pay for their memberships. The operator will then use the cryptocurrency to pay its landlords when necessary.
“WeWork has always been at the forefront of innovative technologies, finding new ways to support our members,” said Mathrani. “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.”
Cryptocurrency exchange platform Coinbase will be the first member to use this method of payment, with WeWork processing the funds using BitPay.