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David Agullo

September 17, 2021

Revolut is Paying for WeWork Membership in Bitcoin

Revolut, the monetary superapp with 15 million users around the world, reported today that it is partnering together with WeWork, one of the leading worldwide adaptable space providers, as it moves towards more adaptable working.

In its most recent deal with WeWork, Revolut will take space for more than 300 representatives at WeWork 6900 Dallas Parkway in Dallas, the center for the organization’s U.S. development.

Revolut will also be WeWork’s first venture member to sign new space utilizing cryptocurrency, explicitly Bitcoin, as it sets up its biggest office yet in the US.

Revolut has adopted permanent adaptable working, empowering the vast majority of its 2,000+ representatives to decide when and how they might want to work from home or visit the working environment. As a feature of this plan, the organization is executing its creative RevLabs real estate methodology to repurpose all workplaces as adaptable collaborative spaces.

RevLabs will be intended to work with coordinated effort and cooperation, with around 70% of office space dedicated to cooperation. The new format will oblige fast headcount development and give spaces for innovative reasoning, conceptualizing, preparing, and information exchange – some of the face-to-face interactions that individuals have missed throughout the pandemic. There will also hush up zones and space for meetings. The first RevLabs space has opened at WeWork 222 Exhibition St in Melbourne.

Revolut’s Global Head of Real Estate, Rebecka D’Silva said:

“Revolut is looking to push the limits of advancement, be it in monetary administrations or working environment experience. We are eager to continue on our fast development direction with a creative partner like WeWork that manages the cost of us the adaptability to pay to utilize cryptocurrency – an innovation whose future we energetically trust in – as Revolut grows in the US and around the world.”

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Ron Oliveira, Revolut’s U.S. Chief, said: “Since launching our monetary superapp in the US last March, we’ve been reliably refining our product to offer users across the country more prominent visibility and power over their monetary lives. In 2021, Revolut stays focused on our U.S. development and we anticipate further developing Dallas as a tech hub through our new office space and recruiting drives.”

Fintech development

A leader in fintech advancement, Revolut’s choice to utilize cryptocurrency to pay for its WeWork membership exhibits its trust in blockchain just as the more extensive potential for cryptocurrency. This follows WeWork’s declaration in April that it would start using cryptocurrency as a type of payment for inbound and outbound exchanges to upgrade the adaptability and flexibility it offers its members.

Revolut at present offers U.S. clients the ability to purchase, hold, and sell Bitcoin, Ethereum, Litecoin, and Bitcoin money from the Revolut application with the tap of a button, and plans to add new tokens to the application soon. Endeavoring to make cryptocurrency more available for everybody, Revolut offers expense-free crypto limits, empowering U.S. clients to exchange cryptocurrency up as far as possible, with no charges.

U.S. Development

Since launching in the U.S. in March 2020, Revolut has continuously attempted to give top-tier monetary services to both retail and business clients across the country. Recently, the organization launched its imaginative business accounts and presented its draft application for a U.S. bank contract. For the second half of the year, Revolut will stay focused on its U.S. extension, putting up new developments for the market and employing excellent ability.