Digital (i.e. internet only) bank Revolut has announced that it will pay rent for its massive 300-employee office in Dallas, Texas, using Bitcoin.
Revolut, which was founded by Nikolay Storonsky and Vlad Yatsenko in July 2015 in London, started life as a Fintech company by offering a multi-currency prepaid debit card managed through a mobile app. Since then, it has expanded its range of services to include cross-border money transfers at interbank exchange rates, free global ATM withdrawals, personal loans, travel insurance, and cryptocurrency trading.
The FinTech company, which raised $ 800 million via a funding round earlier in the year, said the purchase would underscore the company’s belief in cryptoassets as a viable form of payment.
In a press release issued on September 16, Revolut said it had become the world’s first provider of WeWork flexible spaces “the first corporate member to sign a new space using cryptocurrency.”
Rhebecka D’Silva, Global Head of Real Estate at Revolut, said:
“Revolut is always looking to push the boundaries of innovation, whether in financial services or the workplace experience. We are excited to continue our trajectory of rapid growth with an innovative partner like WeWork that gives us the ability to pay using cryptocurrency – a technology we strongly believe in the future – as Revolut expands in the United States. And in the world.
Revolut went on to say that its decision to use Bitcoin to pay WeWork membership fees “demonstrates its confidence in blockchain as well as the broader potential of cryptocurrency”.
Disclaimer
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading crypto-assets carries a risk of financial loss.
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