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Uber CEO Dara Khosrowshahi revealed In a recent interview that the world’s largest ride-hailing company will eventually accept crypto as payment.

The post Will Uber start accepting crypto payments? appeared first on CryptoSlate.

The head of the world’s leading rideshare company says it’s likely they’ll accept cryptocurrencies as payments down the road. In a new Bloomberg interview, Uber CEO Dara Khosrowshahi tells host Emily Chang that two big factors are preventing him from approving digital assets to cover the cost of fares and food delivery. “It definitely could […]

The post Got Bitcoin? Uber CEO Says Ride-Sharing App Could Accept Crypto in Future if These Conditions Are Met appeared first on The Daily Hodl.

Uber, the largest ride-hailing company globally has confirmed that the firm is open to accepting Bitcoin payments in the future. In a Friday interview on Bloomberg, the company’s C.E.O Dara Khosrowshahi stated that they were actively engaging in discussions around crypto and when time is ripe for them, they would “absolutely” start accepting payments in […]

Recently, Wells Fargo had stated that cryptocurrencies could be hitting an “adoption inflection point,” comparing it to the internet adoption in the 1990s. In another report, examining crypto trends for 2022, Ripple has noted, “There are high expectations within institutions for wide scale adoption and impact of blockchain technology, cryptocurrencies, and Central Bank Digital Currencies […]

The chief executive of rideshare company Uber has said the firm ‘absolutely’ will accept cryptocurrencies in the future as they become more ‘environmentally friendly’ and less expensive. Notably, Uber co-founder Oscar Salazar forayed into the crypto industry by founding Voyager, a crypto exchange in 2018. In an interview with Bloomberg, Uber Technologies CEO Dara Khosrowshahi stated that his company will ‘eventually’ accept cryptocurrencies ‘at some point’ in the future but not for now because the ‘exchange mechanism is expensive,’ adding it’s also ‘not great for the environment.’ “Is Uber going to accept crypto in the future? Absolutely. At some point. This isn’t the right point, but we will.” This isn’t the first time Khosrowshahi has come out in favor of cryptocurrencies. Earlier last year, he said that the popular ride-sharing app was ‘going to look at cryptocurrency and or Bitcoin in terms of currency to transact.’ Khosrowshahi has also been known as an early Bitcoin advocate. During his 12-year tenure with Expedia, a travel-bookings platform, he turned the platform into one of the first mainstream merchants to accept Bitcoin as a form of payment in 2014. “I think right now what we see with bitcoin and some of the other [cryptocurrencies] is that they are quite valuable as a store of value. As the exchange mechanism becomes less expensive, becomes more environmentally friendly, I think you will see us lean into crypto a little bit more.” he added. Earlier last year, electric car company Tesla added Bitcoin to its balance sheet and started accepting it as a payment method but later canceled citing environmental concerns. However, CEO Elon Musk said that it may start again in the future.

The post Uber Will Eventually Accept Crypto as Payment, Says CEO appeared first on Cryptoknowmics-Crypto News and Media Platform.

Uber Technologies has reiterated that it is considering accepting cryptocurrencies as payment. The CEO of the ride-hailing company said the firm was constantly watching the crypto space as it saw a lot of value in cryptocurrencies. However, he added that the time is not yet right for the company to implement crypto payments. Uber is

The post Breaking: Uber Doubles Down On Its Decision To Accepting Cryptocurrencies As Payment appeared first on CoinGape.

By Maria Merano Posted on October 27, 2021...