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SoftBank-backed WeWork to begin accepting payments in cryptocurrencies

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(Reuters) - SoftBank-backed office-sharing startup WeWork said on Tuesday it would begin accepting payments in select cryptocurrencies and partner with Coinbase Global Inc and payment app Bitpay to facilitate transactions.
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. ....

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WeWork Exec Quit to Launch New Flexible Work Startup InfinitSpace

InfinitSpace
Flexible work startup InfinitSpace has raised $1.2 million in seed funding.
The firm was founded in 2020 by WeWork s former Europe lead Wybo Wijnbergen.
Insider got an exclusive look at the pitch deck it used to bring investors on board.
InfinitSpace, a Dutch flexible working startup that was founded by a former WeWork general manager, has raised $1.2 million.
The Amsterdam-based firm was set up in the midst of the pandemic as widespread work-from-home orders left offices around the world empty.
InfinitSpace cofounder and CEO Wybo Wijnbergen left his role as WeWork s managing director for northern Europe to set up the firm alongside his brother Wilco,a self-described serial entrepreneur, and Elad Hod, a former exec at workplace therapy startup Mindspace. ....

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WeWork transfers brand to Ampa Real Estate as part of Israel franchise deal

In a dramatic turn of events, WeWork Israel is about to replace its current business model with a new franchise system. A person familiar with the move told Calcalist under the condition of anonymity that Ampa Real Estate Ltd. is set to become the office-sharing powerhouse’s franchisee in Israel, responsible for renting out the company’s 13 office complexes across six cities.

WeWork has decided to switch to a franchise model in some of the countries that are not in the company’s business core and Israel is on that list. Secret negotiations have been taking place for several months between WeWork’s corporate office and its local branch which is led by Benjy Singer and between Ampa, which is owned by the Nakash brothers, Shlomi Fogel, and Tuli Ceder. ....

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WeWork India raises ₹200 crore to grow biz, attain profitability

WeWork India said it has raised ₹200 crore, through a mix of debt and equity, from a domestic and foreign investor for future growth. The company didn’t disclose the names of the two investors ....

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WeWork India raises Rs 200 crore from investors to grow business, become profitable in 2021

WeWork India raises Rs 200 crore from investors to grow business, become profitable in 2021
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