WeWork founder and former CEO Adam Neumann continues to launch startups. A new company called Flow is developing a digital wallet that supports fiat and digital currencies.
On Monday, venture capital firm Andreessen Horowitz announced that it has invested $350 million in a new startup by Adam Neumann. It turned out that we are talking about the company Flow, which operates in the real estate market.
Cryptocurrencies cannot be used to pay for the rent of real estate, but they can be used for other payments. Fiat currencies will also be supported, and not just the US dollar. In addition, support for cryptocurrencies has been announced as part of loyalty programs.
The wallet will support various tokenized rewards in loyalty programs. It is quite possible that such programs will also use cryptocurrencies. Flow spokesman Davidson Goldin noted that the company does not have a goal of “becoming one of the big use cases of blockchain in the economy.”
Recall that in the spring of this year, Neumann launched another startup using the blockchain. The Flowcarbon platform is being used to bring the voluntary market for carbon units to the blockchain.