Cryptocurrency-dominated financial technology company Revolut has announced that it has bought a Wework office using Bitcoin. Revolut said the Dallas, Texas office space will house 300 employees in preparation for the company’s US expansion.
Revolut pays bitcoin for wework ownership in Texas
September 2021, Revolut, the fintech company that offers cryptocurrency services to users and aims to bring a “global financial super app” to the world. announced a deal with wework. According to the announcement, Revolut will use the wework workspace at 6900 Dallas Parkway in Dallas, Texas. Revolut states that the payment for the workspace was processed in Bitcoin (BTC). The company announced on Thursday:
Revolut will also be the first corporate member of Wework to sign new spaces in cryptocurrency, particularly Bitcoin, as it establishes its largest office to date in the United States
While the move aims to bolster Revolut’s US expansion, Revolut is also introducing a concept called Revlabs Real Estate Strategy. The company says the first Revlabs area has now opened in Melbourne at the Wework Center at 222 Exhibition Street.
“Revlabs are intended to facilitate collaboration and teamwork, with around 70 percent of the office space being dedicated to collaboration,” the company said on Thursday. “The new format accommodates the rapid growth in staff numbers and provides spaces for creative thinking, brainstorming, training and knowledge sharing – some of the personal interactions people have missed during the pandemic. There will also be quiet areas and space for meetings. “
Wework Executive: “Flexibility is essential for growing companies”
Wework also stated that it looks forward to being a Revolut real estate partner. Basically, Wework is an American commercial real estate company founded in 2010. It specializes in flexible shared workplaces and is used by tech startups and other types of companies in the early stages of development.
The company is, however not without controversy, and in 2019 it struggled as the owner, Softbank Group, reported huge losses that year. In November 2019, almost 20% of the employees at Wework were laid off.
– WeWork (@WeWork) 16.09.2021
That year, the company announced it was changing its board of directors and looking to remove CEO Adam Neumann to replace him with a new head. It also aimed to remove Neumann’s family members from the board. Neumann eventually got out and left with a package valued at $ 1.7 billion, and the company followed with many corporate changes.
During the announcement of Revolut, Nick Giraudeau, Global Head of Financial Services Sales at Wework, emphasized that flexible shared workspaces are ideal for growing startups.
“Wework is excited to be Revolut’s global real estate partner,” commented Giraudeau. “We look forward to supporting their new standard for the future of work with an advanced, people-centric approach that emphasizes flexibility, collaboration and choice. Flexibility is essential for growing businesses and by supporting cryptocurrency transactions we can provide choice and convenience while supporting Revolut’s innovative business. “
What do you think of Revolut joining Wework’s real estate partner and paying for a job in Dallas with Bitcoin? Let us know what you think on this matter in the comments below.
Photo credits: Shutterstock, Pixabay, Wiki Commons, Wework, Revolut, Twitter,
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