Revolut Uses WeWork Space in Dallas, Pays in Bitcoin

Popular neo-bank Revolut has become WeWork’s first customer to pay for shared space in Bitcoin, according to a public statement.

Revolut will pay for its Dallas space, its largest in the US, in BTC. Revolut will lease space for more than 300 employees at WeWork 6900 Dallas Parkway in Dallas, which will be the hub for the company’s U.S. expansion.

Of note, is that Revolut has announced a permanent flexible working plan that is said to have boosted productivity of employees. Revolut employees may now choose when they want to work from home or head to a physical location.

“Since launching our financial super-app in the US last March, we’ve been consistently refining our product to offer customers across the country greater visibility and control over their financial lives. In 2021, Revolut remains committed to our U.S. expansion and we look forward to further growing Dallas as a tech hub through our new office space and hiring initiatives,”  said Revolut US CEO Ron Oliveira.

Revolut’s neobank app also offers digital assets including Bitcoin, Ethereum, Litecoin and Bitcoin Cash. By combining popular features and services typically not available from a traditional bank, Revolut has signed up millions of users – mainly in the UK its home base. In the US, Revolut offers “fee-free crypto limits, enabling U.S. customers to trade cryptocurrency up to this limit, without any fees.” The crypto services are powered by Paxos.

Revolut intends on pursuing a national bank charter, an arduous task, but in the interim, it is working with Metropolitan Bank to offer certain regulated services.

 

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