Cryptocurrency usage increased over 800% last year, particularly in developing countries. Chainalysis rated India second out of 20 nations with the greatest bitcoin adoption rate. Vietnam came top, followed by Pakistan.
The Global Crypto Adoption Index rates 154 countries based on measures like peer-to-peer exchange trading volume rather than gross transaction volume, favoring developed nations with strong professional and institutional crypto buy-in.
Revolut, a UK-based fintech company, paid for Wework’s Dallas headquarters using Bitcoin. Revolut said the new office in Dallas would accommodate 300 people in preparation for its US growth.
The company said on Thursday:
“Revolut will also be WeWork’s first enterprise member to sign new space using cryptocurrency, specifically bitcoin, as it establishes its largest office yet in the U.S’’. While the move is intended to help Revolut expand in the United States, it also introduces a concept called “Revlabs real estate strategy.”
Real-Estate Collaboration on the Cards
On September 16, 2021, Revolut, a fintech firm that provides bitcoin services, announced a collaboration with WeWork. Moreover, Revolut will utilize the WeWork facility at 6900 Dallas Parkway in Dallas. Revolut said the workspace payment, paid in bitcoin (BTC).
WeWork is also delighted to collaborate with Revolut on real estate. Furthermore, WeWork, an American business founded in 2010 targeting the real estate sector.
It specializes in flexible shared offices for tech startups and other early-stage companies. But the company’s owner, Softbank Group, revealed substantial losses in 2019. Moreover, WeWork laid off nearly 20% of its employees in November.
That year, the business stated it was reorganizing its board and replacing CEO Adam Neumann with a new leader. It also wanted to remove Neumann’s family members from the board. After Neumann left, the company changed dramatically, with an estimated $1.7 billion transaction.
