Digital (i.e. internet-only) bank Revolut has announced that it will be paying the rent for its massive 300-employee office in Dallas, Texas using Bitcoin.
Revolut, which was founded by Nikolay Storonsky, and Vlad Yatsenko in July 2015 in London, started life as a Fintech company by offering a multi-currency pre-paid debit card managed via a mobile app. Since then, it has expanded its range of services to include cross-border money transfers at Interbank FX rates, free global ATM withdrawals, personal loans, travel insurance, and cryptocurrency trading.
The FinTech firm, which raised $800 million via a funding round earlier in the year, said the purchase would underscore the company’s belief in cryptoassets as a viable form of payment.
In a press release issued on September 16, Revolut said that it had become leading global flexible space provider WeWork’s “first enterprise member to sign new space using cryptocurrency.”