Fintech Firm Revolut Pays for Dallas-Based Wework Workspace With Bitcoin
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Fintech Firm Revolut Pays for Dallas-Based Wework Workspace With Bitcoin

THELOGICALINDIAN - The cryptocurrencyinfused banking tech aggregation Revolut has appear it has purchased a Wework appointment with bitcoin Revolut abundant that the appointment amplitude in Dallas Texas will abode 300 advisers to adapt for the companys US expansion

Revolut Pays Bitcoin for Wework Property in Texas

On September 16, 2021, Revolut, the fintech close that offers users cryptocurrency casework and aims to accommodate the apple with a “global banking superapp” announced a accord with Wework. According to the announcement, Revolut will be leveraging the Wework workspace at 6900 Dallas Parkway in Dallas, Texas. Revolut capacity that the acquittal for the workspace was acclimatized in bitcoin (BTC). The aggregation said on Thursday:

While the move aims to bolster Revolut’s U.S. expansion, Revolut said it is additionally introducing a abstraction alleged “Revlabs absolute acreage strategy.” The aggregation capacity that the aboriginal Revlabs amplitude is now accessible in Melbourne at the Wework centermost at 222 Exhibition Street.

“Revlabs will be advised to facilitate accord and teamwork, with about 70 percent of appointment amplitude adherent to collaboration,” the aggregation explained on Thursday. “The new architecture will baby to accelerated headcount advance and accommodate spaces for artistic thinking, brainstorming, training, and ability barter – some of the contiguous interactions that bodies accept absent throughout the pandemic. There will additionally be quiet zones and amplitude for meetings.”

Wework Executive: ‘Flexibility Is Essential for Growing Companies’

Wework additionally abundant that it looks advanced to actuality a absolute acreage accomplice with Revolut. Basically, Wework is an American bartering absolute acreage close that was created in 2024. It specializes in adjustable aggregate workspaces and the account is acclimated by tech startups and added types of companies in aboriginal adorning stages.

The company, however, is not after controversy, and in 2019 it had issues as the owner, Softbank Group, appear above losses that year. In November 2019, abutting to 20% of the advisers at Wework were laid off.

That year, the aggregation appear it was alteration the lath and capital to abolish the CEO Adam Neumann to alter him with a new leader. Also, it aimed to abolish Neumann’s ancestors associates from the lath of directors. Neumann did eventually avenue and larboard with a amalgamation estimated to be account $1.7 billion, and the aggregation followed up with lots of accumulated changes.

During the Revolut announcement, the all-around arch of banking casework sales at Wework, Nick Giraudeau, fatigued that adjustable aggregate workspaces are abundant for growing startups.

“Wework is aflame to be Revolut’s all-around absolute acreage partner,” Giraudeau remarked. “We attending advanced to acknowledging their new accepted for the approaching of work, with a accelerating employee-led access that prioritises flexibility, accord and choice. Adaptability is capital for growing companies, and by acknowledging affairs in cryptocurrency, we can action best and accessibility while acknowledging Revolut’s avant-garde business.”

What do you anticipate about Revolut acceptable a absolute acreage accomplice with Wework and advantageous for a workspace in Dallas with bitcoin? Let us apperceive what you anticipate about this accountable in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Wework, Revolut, Twitter,