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Coinbase to Become the First Company to Pay WeWork in Cryptocurrency

WeWork has introduced it’s going to start accepting crypto payments The transfer is in partnership with BitPay and CoinbaseBitPAy will deal with the payments with WeWork accepting Bitcoin, Etheruem, USD Coin (USDC) and Paxos (PAX)WeWork will dangle the crypto paid for services and products on its steadiness sheetCoinbase becomes the first company to pay WeWork in crypto

The flexible running house company of WeWork has just introduced that it’s going to begin accepting bills using select cryptocurrencies. The move via the company is in partnership with BitPay and Coinbase as WeWork embraces the flexibility of the use of cryptocurrencies for inbound and outbound transactions.

BitPay to function a Payment Processor with WeWork Keeping Crypto

Furthermore, BitPay will function the crypto fee merchant for WeWork. The latter company will accept Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Paxos (PAX) and several other other virtual assets as cost options.WeWork also intends to hold virtual assets paid for its services and products, on its steadiness sheet.

The CEO of BitPay, Stephen Pair, additional highlighted the importance of WeWork accepting digital payments to further crypto adoption. Mr. Pair had this to say in regards to the milestone.

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BitPay believes crypto is the longer term of fintech and payments and our objective is to seriously change how businesses and those send, receive, and store cash. WeWork is giving their customers an leading edge cost option that is cheaper and more straightforward than credit cards and taps a community worth over $2 trillion.

Coinbase to Change Into the first Company to Pay WeWork in Crypto

Additionally, WeWork will pay landlords and 3rd-party companions in virtual property with Coinbase managing the transactions the place imaginable. Coinbase may even transform the primary WeWork member to make use of cryptocurrencies to pay for its membership.

Coinbase not too long ago made headlines by becoming the first digital asset change to go public. the company is a global leader in the fintech business and the decision to pay WeWork in crypto will set the pace for different shoppers of WeWork to achieve this.

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