Volatility of the currency has made its acceptance fluctuate among companies. It has been an on and off and on again experience at travel firm Expedia
, for example. As it happens, when the valuation of the currency is rising, vendors are more willing to take it, but buyers are less willing to part with it. When the fortunes swing, so do those who are interested in its exchange. Bitcoin’s value is up eightfold over the past 52 weeks, but down more than 10% in the past week. If people expect values to go up rapidly, more companies may join WeWork. For now, it’s good publicity for the company run by Sandeep Mathrani, as the firm gears up for its float via a merger with a special purpose acquisition company at a $9 billion valuation . The long-term viability of it as a currency, though, depends on whether the value of bitcoin actually stabilizes.