The head of the world’s leading rideshare company says it’s likely they’ll accept crypto as payments down the road
Uber passengers will eventually be able to pay their fee in bitcoin. In a recent interview with Bloomberg, Uber CEO Dara Khosrowshahi said that the business is now discussing cryptocurrency and described currencies like Bitcoin as “very useful as a store of wealth.” The ride-hailing giant demonstrates its interest in cryptocurrencies as electronic assets continue to gain widespread acceptance.
Khosrowshahi added that his firm is constantly owning “conversations” as they assess a few KPIs before jumping on the crypto bandwagon. The Uber CEO emphasized the environmental impact of digital asset utilization.
Crypto mining operations continue to be stressed as a result of their high energy consumption. This was one of the primary reasons Tesla reconsidered and suspended its decision to accept Bitcoin payments. However, after China’s crypto prohibition last year, which is set to expire in May of 2021, the industry has seen a huge shift toward green strength. Major firms in the cryptocurrency mining industry are also following this road. Additionally, the Uber CEO pressed for higher fees for trades involving electronic goods.
When it comes to contemplating digital assets as a method of payment, some have raised worry about the volatility of cryptocurrencies. Bitcoin’s price was $42,628 on Friday afternoon, down significantly from its November all-time high of $69,000. While large organizations have been sluggish to accept cryptocurrency for transactions, the practice has gained traction in recent years. In 2014, Microsoft started accepting bitcoin as a method of payment in its online shop.
