Digital Assets: Global Digital Bank Revolut Signs Up WeWork Space In Dallas Using Bitcoin

September 20, 2021 | Digital Assets, News
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Revolut plans to repurpose all its offices as “flexible collaborative” spaces.

In an innovative move, UK-based neobank Revolut is offering most of its 2,000 employees “permanent flexible working,” allowing them to choose when and how often they would like to work from home or visit the workplace. The company has paid with bitcoin to take space from WeWork for more than 300 employees in Dallas, the base for its US expansion. (WeWork)

Flexible collaborative spaces

Revolut has already signed on with WeWork for space in Berlin, Dallas, Dublin, Melbourne, Moscow, Singapore, and New York for the aforesaid flexible collaborative spaces under its RevLabs strategy. However, it will be the first time an enterprise customer has paid WeWork in bitcoin for space. Meanwhile, the first such RevLabs space has opened for business at WeWork 222 Exhibition St in Melbourne.

RevLabs facilitates rapid headcount growth and facilitates collaboration and teamwork.

“Since launching our financial superapp in the US last March, we’ve been consistently refining our product to offer customers across the country greater visibility and control over their financial lives,” said Ron Oliveira, Revolut’s U.S. CEO. “In 2021, Revolut remains committed to our U.S. expansion and we look forward to further growing Dallas as a tech hub through our new office space and hiring initiatives.”

Paying with bitcoin

In April, WeWork commenced accepting payment in Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Paxos (PAX), and several other cryptocurrencies as payment for its offerings. It also signaled its willingness to hold cryptocurrencies on its balance sheet.

WeWork announced it will utilize cryptos for inbound and outbound transactions in collaboration with BitPay and Coinbase (NASDAQ: COIN).

“We’re excited to continue on our rapid growth trajectory with an innovative partner like WeWork that affords us the flexibility to pay using cryptocurrency – a technology whose future we vehemently believe in – as Revolut expands in the US and around the world,” said Rhebecka D’Silva, Revolut’s Global Head of Real Estate.

Related Story: Revolut Valued At $33B In $800M Funding Round

Image credit: WeWork

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