Uber's CEO claims that Bitcoin will be accepted "at some point" in the future

Uber CEO Dara Khosrowshahi has stated that the app will "at some time" take Bitcoin and other cryptocurrencies.

Uber CEO Dara Khosrowshahi has revealed that the app will accept Bitcoin and other cryptocurrencies “at some point” in the future.
Uber CEO Dara Khosrowshahi | Image: Forbes

Uber CEO Said the Platform Will Accept Cryptos As Payments One Day

Uber Technologies Inc. CEO Dara Khosrowshahi said in an interview with Bloomberg that the business has been having internal discussions regarding cryptocurrencies "all the time."

The Uber platform wants to "definitely" take Bitcoin and other cryptos "at some point" in the future, according to the CEO.

Khosrowshah, on the other hand, has stated that now is not the "appropriate time" for it. The site is now unable to accept Bitcoin due to excessive transfer fees and the detrimental environmental effects of cryptocurrency mining.

"I believe you will see us leaning into crypto a little bit more as the exchange mechanism gets less expensive and more ecologically friendly," Khosrowshahi added.

Uber is one of the most widely used apps in the world, allowing users to schedule taxi rides and place food orders online, among other things.

News of cryptocurrency adoption normally has a favorable impact on the market, and the fact that such a large platform as Uber accepts Bitcoin and other cryptocurrencies might be quite bullish for their price.

The widespread acceptance of cryptocurrency has gained a lot of traction in the last year. El Salvador is one of the most prominent examples, having accepted Bitcoin as legal money.

AMC cinemas began accepting payments in a variety of cryptos, including Bitcoin, Ethereum, and Dogecoin, a few months ago, with Shiba Inu expected to be added to the platform soon.