Revolut buys office space from WeWork with bitcoin

The company aims to provide flexible working to its employees in all cities it is based

Revolut app on phone screen                                 
Revolut app logo – Photo: Shutterstock
                                

Revolut, the financial superapp with 15 million customers whose Twitter bio is “one app to manage all things money” has bought a new office space from flexible workspace provider WeWork. The deal was paid for in bitcoin and was for offices at WeWork 6900 Dallas Parkway in Dallas, Texas.

Revolut announced that it is partnering with WeWork as it is moving towards providing more flexible work.  The company has adopted permanent flexible working, allowing the majority of its more than 2,000 employees to choose when and how often they would like to work from home or the office. As part of this plan it is repurposing all its offices as flexible collaborative spaces with WeWork in Berlin, Dallas, Dublin, Melbourne, Moscow, Singapore and New York.  

This decision demonstrates Revolut’s “confidence in blockchain”

WeWork believes this move by the superapp proves the company’s “confidence in blockchain”. Revolut currently offers US customers the choice to buy, hold and sell bitcoin, litecoin and bitcoin cash from the Revolut app and plans to add the use of more cryptos in the future.

WeWork in April this year stated it would allow cryptocurrency as payment for inbound and outbound transactions as they believed it “enhance[s] the flexibility and optionality it offers members.”    

“Revolut is always looking to push the boundaries of innovation”

Rhebecka D’Silva, Revolut’s global head of real estate, said: “Revolut is always looking to push the boundaries of innovation, be it in financial services or workplace experience. We’re excited to continue on our rapid growth trajectory with an innovative partner like WeWork that affords us the flexibility to pay using cryptocurrency – a technology whose future we vehemently believe in – as Revolut expands in the US and around the world.”

Nick Giraudeau, global head of financial services sales at WeWork, said: “WeWork is excited to be Revolut’s global real estate partner. We look forward to supporting their new standard for the future of work, with a progressive employee-led approach that prioritises flexibility, collaboration and choice. Flexibility is essential for growing companies, and by supporting transactions in cryptocurrency, we can offer choice and convenience while supporting Revolut’s innovative business.”

Further reading: Revolut to grant clients legal ownership of cryptocurrencies

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