Cryptocurrency News

Uber CEO: Considering Bitcoin & Cryptocurrency as a Form of Payment

Uber CEO Dara Khosrowshahi, speaking in an interview with CNBC’s Squawk Box revealed that Uber is considering Bitcoin and other cryptocurrencies as a form of payment.

In the interview, he said, “Just like we accept all kinds of local currency, we are going to look at cryptocurrency and/or bitcoin in terms of currency to transact.”

“That’s good for business. That’s good for our riders and our eaters. That we’ll certainly look at and if there’s a benefit there, if there’s a need there, we’ll do it. We’re just not going to do it as part of a promotion.”

According to CNBC, as of Dec. 31, “Uber reported it had $5.65 billion in cash and cash equivalents, along with $1.18 billion in short-term investments.”

However, the CEO quickly dismissed the idea of purchasing bitcoin with corporate cash as Tesla did. Tesla recently announced that it has bought $1.5 billion worth of Bitcoin with cash on its balance sheet.

It seems that major mainstream adoption is coming one after another. Recently, MasterCard also announced its intention to open up its network to some cryptocurrencies.

Also, today the CEO of Twitter Jack Dorsey, announces that he and Jay-Z are giving away 500 BTC for Bitcoin (BTC) development. The funds will go to a new endowment named ₿trust.

Recent Posts

Tomarket App – A Guide to $TOMATO Airdrop, Farming and Web 3.0 Drop Event

Tomarket, Telegram's mini-app hits 20+ million all-time users and 8.8+ million daily active users. Tomarket…

2 months ago

Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a…

3 months ago

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

The iGaming platform BC.GAME has signed a landmark $40 million deal to become the "Official…

4 months ago

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

6 months ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

7 months ago

Bitcoin (BTC) Cycle: Aiming for $155,000 Peak by August 2025

Since its launch in 2009 Bitcoin has experienced several cycles characterized by bull and bear…

7 months ago

This website uses cookies.