Uber Will Accept Crypto Payment If There’s Need For It, CEO Says

Uber CEO Dara Khosrowshahi said that the company would allow customers to pay with Bitcoin and altcoins if there is a need for it. However, unlike Tesla and Microstrategy, the CEO said Uber is not considering acquiring Bitcoin as part of its treasury.

Khosrowshahi disclosed Uber’s stand on cryptocurrency in an interview with CNBC’s Squawk Box on the 11th of February. Speaking on accepting cryptocurrency payments, the CEO“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… and if there’s a benefit there, if there’s a need there, we would do it.”

Before now, Twitter chief financial officer Ned Segal said the social media network was considering adding Bitcoin to its balance sheet. In a separate interview with CNBC’s Squawk Box, Segal said that Twitter had done a lot of “upfront thinking” regarding the Bitcoin inclusion.

The recent comments from Uber and Twitter came after electric vehicle giant Tesla announced its $1.5 billion investment in BTC. Shortly after the announcement, BTC surged

At press time, Bitcoin is up 6.19% to $47,803.88.

Leave a Reply

Your email address will not be published.