WeWork joins a clutch of high-profile firms that have dived
into the digital currency space recently, including Tesla Inc , Visa Inc, Bank
of NY Mellon, prompting the move away from the fringes of finance for
crytocurrencies like bitcoin.
Visa Inc said last month it would allow payment settlements
using cryptocurrency while PayPal Holdings Inc launched a crypto checkout
service on March 30.
Bitcoin, the biggest crytocurrency, reached a record high
last week, ahead of the trading debut of U.S. crytocurrency exchange Coinbase,
but its rally has since cooled off.
The multi-fold rise in the value of cryptocurrencies has
also been driven by investors seeking high-yielding assets amid low interest
rates.
Earlier in the day, PayPal-owned peer-to-peer payment
service Venmo said it had started allowing users to buy, hold and sell cryptocurrencies
on its app.
WeWork agreed to go public late last month through a merger
with a blank-check firm in a deal that values the start-up at $9 billion.
SoftBank Group Corp said it would retain a majority stake in the company after
the merger. -Reuters
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