Uber CEO: We will absolutely accept crypto in the future

Feb 12, 2022

Dara Khosrowshahi. Getty Images

The CEO of Uber, Dara Khosrowshahi stated that Uber would consider accepting bitcoins as payment, however, won't buy bitcoin with its cash.

At present, Uber is not accepting the digital assets as payment for its ride-sharing and food delivery services. However, it will start soon. 

Dara Khosrowshahi said the company was constantly watching the crypto space as it shows a lot of value in cryptocurrencies.

He highlighted that when crypto becomes more cost-efficient and environmentally friendly, the company will give it a shot. Bitcoin and other cryptocurrencies requires expensive exchange mechanisms.

Image source:ET

"As exchange mechanism becomes less expensive and becomes more environmentally friendly, I think you will see us leaning more into crypto a little bit more. So we’re absolutely watching it"                -Dara Khosrowshahi

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Last year, Khosrowshahi didn't add Bitcoin to the Uber's balance sheet. But this year, Uber has decided to accept crypto and several other companies are in progress to adopt crypto and blockchain technology.

Image source: CNET

Apple recently added a new feature on its Apple Pay. It will integrate payment with digital wallets. Several cryptocurrencies like DOGE and SHIB are accepted as payment for goods and services.

Image source: Apple

Tesla’s online merchandise store are accepting Dogecoin as a transactional currency. Wells Fargo is predicting that crypto will be a global phenomenon.

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Image source: The New Yorker