Adoption: Uber gives condition it might accept Bitcoin as payments

Spread the love

Uber’s Chief Executive Officer and Expedia Group, Dara Khosrowshahi, says that Uber would consider Bitcoin as a type of payment if the business sees a clear need to do so and if there is a profit from adopting the digital currency.

In a recent interview with CNBC Squawk Box on 11 February, the CEO also said that just as Uber now accepts “all kinds of local currency” the firm is “going to look” at another cryptocurrency or Bitcoin “in terms of currency to be traded.”

If there’s a benefit there, if there’s a need there, we’ll do it. We are just not going to do it as part of a promotion.

He added that the strategy could be “good for business, good for our riders and our eaters,”

As to whether the chief exec is considering adding the world’s largest crypt to Uber’s balance sheet, Dara Khosrowshahi said that the discussion had taken place, but it was also quickly dismissed. He also said:

“It was a conversation that happened that has been quickly dismissed. We’re going to keep our cash safe. We’re not in the speculation business.

The upside in our company is in the business that we build and not the investments that we invest in. “

Meanwhile, Twitter’s CFO, Ned Segal, announced on 10 February that the social media giant might think about investing in Bitcoin if its employees and vendors were looking for payments in the crypt.

RECOMMENDED READ:  Research: Three Criminal Apps You Need To Keep Your Crypto Away From

At press time, Bitcoin was trading at $47,884.82 and was up by 0.4 per cent in the last hour and saw a 6 per cent rise in price within the daily timeframe.

 502 Interactions,  2 today

READ ALSO:
Shark Tank’s Mr. Wonderful is opening up to Bitcoin; here’s how much he’s planning to spend in BTC.

When Bitcoin rises in mass acceptance, it doesn't come as a surprise that some of the asset's detractors have changed Read more

Aave, Binance Coin, Zcash Price Movement Analysis for 2nd March, 2021

Aave travelled within a descending triangle, but at the time of publishing, its technical indicators did not support a breakout. Read more

Class-action lawsuit filed against MoneyGram for False allegation about XRP

After Ripple Laboratories, the payment giant MoneyGram is the next to be caught at the end of the legal entanglement, Read more

How Bitcoin shaping the success of Coinbase IPO

Coinbase began its journey by helping users to purchase Bitcoin. Fast-forward 8 years and consumers will be able to buy Read more

RECOMMENDED READ:  Crypto.com Coin,  Synthetix, Tron Price Movement Analysis for 25th February 2021

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us

%d bloggers like this: