Softbank-Backed Wework Adopts Crypto as Form of Payment and Holds in Balance Sheet – News Bitcoin News

Global space provider Wework has announced that it will now accept payment in select cryptocurrencies. The company has partnered with Bitpay and Coinbase for inbound and outbound transactions. In addition, the Softbank-backed company says it will also hold the currency on its balance sheet. Wework Dives Into Crypto Wework announced Tuesday several initiatives regarding cryptocurrencies. The company provides environments for individuals and businesses, from freelancers to Fortune 500 companies. With over 800 locations worldwide in more than 150 cities, Wework says it is the largest global space provider in the…

WeWork Announces Crypto as New Form of Payment 

Like Tesla, WeWork said that it would be showing crypto on its balance sheet. The company added that it would pay landlords and third-party partners with crypto.  Work-space sharing company WeWork has joined the list of companies who accept crypto as a form of payment. WeWork announced that beginning from the 20th of April, the company will start utilizing the new payment. WeWork Reveals Crypto as New Payment Method In the announcement, WeWork revealed that it has partnered with crypto exchange and wallet service Coinbase Global Inc (NASDAQ: COIN) and BitPay on…

Is Amazon About to Accept Dogecoin? The Payment Use Case Explored

A change.org petition requesting Amazon to accept Dogecoin for payment has reached over 140k signatures. The appeal was started four years, but the last two months have seen it pick up the pace, reaching 100k signatures in February. Since then, interest has snowballed further. “It is time for Amazon.com to be one of the first major companies to see the power of Dogecoin and with the huge momentum the Dogecoin community is generating now is the time for Amazon to accept Dogecoin as a payment method!” It may have started…

Electronics retailer Newegg now accepts Dogecoin as payment

American online electronics retailer Newegg has added Dogecoin (DOGE) as an official payment method amid the ongoing parabolic surge of the meme-based cryptocurrency. Newegg announced Tuesday that the company added the option through crypto payment platform BitPay. The firm said that the new feature was introduced in conjunction with Doge Day — a community crypto holiday pushed by DOGE proponents to be celebrated on April 20. According to online reports, Dogecoin advocates apparently hope to see DOGE hit $1 today. We become LEGENDARY today. #DogeDay pic.twitter.com/jYEaNHE3p6 — DogeCoin (@OnIyDOGE) April…

Bitcoin (BTC) Dips to $60k as Turkey Bans Crypto as a Form of Payment

Turkey has announced a move to ban cryptocurrencies as a form of payment The Turkish Central Bank cites that cryptocurrencies can cause ‘non-recoverable’ losses due to their level of anonymity The crypto ban in Turkey begins April 30th Bitcoin has dropped from $63k to a local low of $60,050 as a result of the news The Turkish Central Bank has announced a plan to ban cryptocurrencies as a form of payment effective April 30th. According to Bloomberg, the Turkish Central bank believes that the anonymity behind digital assets has the…

Switzerland’s AXA Introduces Bitcoin as a New Payment Method

AXA, a Swiss arm of the insurance giant, announced today that its customers can now make Bitcoin payments. This move makes it the first insurer to allow cryptocurrency payments. As cryptocurrencies go mainstream, AXA is looking into meeting the growing demand, as confirmed by Claudia Bienentreu, Head of Open Innovation at AXA Switzerland. A ‘Wide-range’ Payment Method With headquarters located in Winterthur, the company provides both private and corporate benefit from its wide range of insurance solutions. The solutions stretch from property, liability, and personal insurance to customized life insurance…

Switzerland’s largest insurer AXA starts accepting Bitcoin as payment

Europe’s second-largest insurance firm AXA has become Switzerland’s first all-line insurer to offer its customers the option to pay their bills with Bitcoin (BTC), facilitated through a collaboration with the established cryptocurrency broker Bitcoin Suisse. Bitcoin payments will be accepted for nearly all AXA products except for life insurance, due to regulatory barriers to the latter.  AXA has cited the accelerated digital transformation of the global economy during the coronavirus pandemic as being a key factor in its choice to integrate cryptocurrency into its everyday operations. However, even back in…

Popular Nightclub E11even Miami Reveals Cryptocurrency Payment Acceptance – Bitcoin News

While crypto assets have seen monumental gains this week, the popular nightclub in Florida, E11even Miami will accept bitcoin and a slew of other digital assets for merchandise, beverages, and tables. Following the pandemic, E11even Miami will be reopening on April 23 and will have crypto asset support when the nightlife establishment reconvenes services. 24-Hour Nightclub E11even Miami to Support Crypto Payments Since 2014, E11even Miami has been a popular nightclub in the Sunshine State and well known for operating 24 hours a day and seven days a week. In…

Real Estate Billionaire Buys Bitcoin, Accepts BTC for Rent Payment at His Residential and Retail Properties – Featured Bitcoin News

Billionaire real estate mogul Rick Caruso has revealed that his company has invested in bitcoin for its treasury and will begin accepting the cryptocurrency for rent payment at its properties. Among the tenants of one of his properties is Elon Musk’s Tesla. Caruso said, “We believe that cryptocurrency is here to stay.” Caruso Going the Tesla Route, Investing in Bitcoin and Accepting It as a Means of Payment Billionaire real estate developer known for his lavish outdoor malls, Rick Caruso announced Wednesday on CNBC that his real estate company, Caruso…

Citi and IADB complete cross-border payment pilot with blockchain tech

Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB enabled several disbursements from the United States to a recipient in the Dominican Republic using the LACChain blockchain network — a proprietary effort by IADB’s regional program LACChain. As part of the project, the IADB deposited tokenized funds denominated in U.S. dollars in a Citi account and transferred the funds using digital wallets, IADB’s blockchain specialist and…