# WeWork Cryptocurrency Payment System

> WeWork has integrated cryptocurrency payments for its coworking services to simplify international payments and reduce transaction fees. The company accepts Bitcoin, Ethereum, USD Coin, and other cryptocurrencies through partnerships with BitPay and Coinbase. This integration allows global customers to pay more flexibly and positions WeWork as a technologically advanced provider in the coworking sector.

**Sector:** Tertiary sector · **Industry:** Coworking and shared services · **Organisation:** WeWork · **Maturity level:** Production

Canonical URL: https://www.sapientblock.com/en/use-cases/wework-bueros-weltweit-crypto-bezahlen

## Documentation status

- **Project status:** Production
- **Evidence:** Evidence medium
- **Editorial review:** Ufuk Avci, 15 April 2026

## Description

WeWork, the world's leading provider of flexible workspaces, has accepted cryptocurrencies as a payment method since April 2021. The company cooperates with BitPay (incoming crypto payments) and Coinbase (outgoing crypto payments to landlords and partners). Accepted currencies: Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Paxos (PAX) and others. WeWork holds the received cryptocurrencies on its own balance sheet.

On 20 April 2021, WeWork announced the bidirectional introduction of cryptocurrencies: members pay via BitPay in BTC, ETH, USDC, PAX and other cryptocurrencies; WeWork pays landlords and third-party partners via Coinbase in crypto where possible. Coinbase — itself a WeWork member and the largest US crypto exchange — was the first company to pay its WeWork membership in cryptocurrency. WeWork holds the received cryptocurrencies directly on its balance sheet. WeWork CEO Sandeep Mathrani justified the move with the growing FinTech member base: "WeWork has always been at the forefront of innovative technologies." WeWork Chairman Marcelo Claure (SoftBank Group International CEO): "Cryptocurrencies must be considered a central part of the future of business." BitPay CEO Stephen Pair: "Crypto is the future of financial technology and payments — cheaper and easier than credit cards." WeWork filed for Chapter 11 bankruptcy protection in November 2023 and emerged from it under new leadership (CEO John Santora) in June 2024.

## Benefits

- Simplified international payment processing for globally operating corporate customers without currency conversion fees.
- Extended payment flexibility for tech-savvy customers and digital nomads who primarily operate with cryptocurrencies.
- Reduced transaction fees on international payments by eliminating traditional banking intermediaries.
- Faster processing of cross-border transactions without multi-day bank processing times.
- Positioning as an innovative, technology-oriented provider in the traditional real estate sector.
- Automated payment processes reduce manual administrative tasks in accounting and customer service.

## Challenges

- Companies must develop internal processes for crypto accounting and tax reporting.
- Volatility of cryptocurrencies can lead to unpredictable fluctuations in payment value.
- Regulatory uncertainties in various countries can complicate implementation.
- Employees require training in cryptocurrency technologies and customer support for new payment methods.

## Technology foundation

WeWork uses established blockchain networks such as Bitcoin and Ethereum via specialised payment providers like BitPay and Coinbase. This technology enables direct, cross-border transactions without traditional banking systems, reducing intermediaries and fees.

## Sources

- [WeWork starts utilizing cryptocurrency as form of payment](https://www.wework.com/newsroom/wework-starts-utilizing-cryptocurrency-as-form-of-payment)
- [WeWork starts utilizing cryptocurrency as form of payment](https://glenbrook.com/payments_news/wework-starts-utilizing-cryptocurrency-as-form-of-payment-wework-newsroom/)