Uber Considering Accepting Bitcoin – Trustnodes

Uber Considering Accepting Bitcoin – Trustnodes

Uber’s CEO Dara Khosrowshahi said in an interview they’re looking at accepting bitcoin.

“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,” Khosrowshahi said.
“We are just not going to do it as part of a promotion.”

Uber is sitting on nearly $11 billion in cash as of 2019 and has just $440 million in short term investments.

That’s a considerable sum that is currently devaluing due to Fed’s loose monetary policy which is expected to continue.

Companies like Tesla and Microstrategy have diversified with bitcoin to hedge a potential fall in the value of their cash reserves, while Twitter is considering it.

Whether Uber will follow suit remains to be seen, but for now they’re just looking at it as a means of payment with it unclear just how familiar Khosrowshahi is with bitcoin.

Source link


Leave a Reply

Your email address will not be published.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

GIPHY App Key not set. Please check settings



What do you think?

Uber Says

Uber Says “Maybe” & “No” To Bitcoin, Yellen On Crypto Crime + More News

$41 Trillion Global Custodian BNY Mellon Announces Bitcoin Strategy

$41 Trillion Global Custodian BNY Mellon Announces Bitcoin Strategy

Back to Top

Log In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

To use social login you have to agree with the storage and handling of your data by this website. %privacy_policy%

Add to Collection

No Collections

Here you'll find all collections you've created before.

Pin It on Pinterest

Share This

Share this post with your friends!