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

September 20, 2021 | Digital Assets, News

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

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Crypto Exchange FTX Rakes In $420M At $25B Valuation
October 22, 2021     Digital Assets, Latest News, Venture Capital

29-year old billionaire founder and CEO Sam Bankman-Fried is a majority owner of FTX. Just three months after closing a record $900 million Series B round, FTX, the Bahamas-headquartered crypto…
Digital Assets: Russian Energy Firms Seek Go-Ahead To Use Flared Gas For Mining Crypto
October 22, 2021     Digital Assets, ESG and Sustainability, News

Russia’s crypto mining industry is in expansion mode after China’s clampdown on its crypto miners. Also wanting to join the party are Russian oil and gas companies that flare, or…
Artificial Intelligence: Rossum, The Document AI Company, Raises $100M
October 22, 2021     Artificial Intelligence, News, Venture Capital

Rossum offers an end-to-end AI document processing solution that combines its cognitive data capture platform with a full suite of integration capabilities to automate document-based communications between diverse businesses. The…
Alternative Investments/ESG: New York Life Floats ETFs For Gender Equality, Clean Oceans, Cleaner Transport

The three thematic ETFs meet investor demand for ESG approaches. IndexIQ, the New York Life Investments company, announced Wednesday the launch of three new ETFs. The IQ Engender Equality ETF…