Of all the companies we guessed might make this move next, I don't think anyone expected it to be WeWork.
It seems that Coinbase is a major client of theirs, which I guess makes a lot of sense given their decentralized work culture, and they managed to convince WeWork of the massive benefits of monetary diversification.
The company, whose attempt to go public blew up very publicly in 2019, seems to be gearing up to go public once again, this time through a special purpose acquisition company (SPAC) affiliated direct listing rather than the traditional initial public offering (IPO).
The approach of using a direct listing seems to be trending lately, as investors apparently prefer paying more for less.
No doubt the global pandemic has done a number on their fragile balance sheet in the short-term, but what may be interesting is the way in which COVID-19 may end up changing the way we all work in a way that just might suit WeWork.
It's also nice to see how the company remains progressive, even after losing their flamboyant leader. There may be hope for them yet.
The rising trend of companies accepting and holding bitcoin as they would any other currency is basically what will end up cementing bitcoin as the number one global currency.
