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Bitcoin News

Uber CEO Commits to Future Bitcoin Payments

Khosrowshahi expressed potential Bitcoin acceptance if it's eco-friendly and cost-effective.

Written By:
Pawan Surya

Last updated: December 6, 2024 11:51 PM
Published 2023-08-02
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Uber CEO Commits to Future Bitcoin Payments

The chief executive officer (CEO) of Uber, Dara Khosrowashahi, has discussed the potential for using Bitcoin and other cryptocurrencies as payment methods. 

Uber CEO says they will accept bitcoin once it becomes environmentally friendly and cheaper to exchange

does he know bitcoin lightning transactions are 𝟏𝟑𝟔 𝐭𝐢𝐦𝐞𝐬 more energy efficient than Visa transactions

and fees are a fraction of a penny while Visa charges 2.5% per… pic.twitter.com/cGClqbOp17

— Crypto Tea (@Cryptotea) August 1, 2023

In a recent TV interview, Khosrowashahi addressed inquiries about Uber’s view on Bitcoin payouts and ongoing discussions. While the idea is being considered, definite decisions haven’t been made yet. 

Regarding Bitcoin acceptance, Khosrowashahi showed openness, mentioning it could happen one day, “once it becomes environmentally friendly and cheaper to exchange.” Ongoing conversations are taking place on this topic, and he highlighted Uber’s active involvement in these talks. 

Khosrowshahi emphasized the value of certain cryptocurrencies, especially Bitcoin, as a store of value. Yet, he recognized challenges for everyday transactions due to high costs and environmental concerns. 

The Uber CEO stressed the need for more cost-effective and eco-friendly ways to use cryptocurrencies for payments. He underlined Uber’s interest in monitoring cryptocurrency technology development for smoother and more sustainable transactions. 

In conclusion, Khosrowshashi confirmed Uber’s future commitment to cryptocurrencies, if conditions like improved efficiency and environmental impact are met. This shows Uber’s careful yet forward-looking approach to integrating digital currencies. 

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Pawan Surya
Pawan, a technical writer and trader with 2+ years in crypto, excels in market analysis, blockchain, and research. He creates detailed, value-driven articles on diverse crypto topics.

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