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Uber plans to integrate Bitcoin as a payment method

Published by Aeon Flux on February 17, 2021
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The American company Uber is one of the most extensive intermediary services from the field of passenger transportation. San Francisco’s company once started as a limousine service, but today serves the entire range of driving services. Its success turned Uber into a company that generates double-digit revenues in billions of dollars annually. As an intermediary, Uber receives about 25 of the respective ride price. And according to current reports, this price could be paid in Bitcoin (BTC) in the future. As Uber CEO Dara Khosrowshahi announced, the company is dealing with the largest cryptocurrency by market capitalization. With this, Uber could join the ranks of prominent companies that are currently making headlines around bitcoin.In a recent interview with CNBC, Uber CEO Dara Khosrowshahi said that the company is looking into cryptocurrencies as a means of payment for its services. Specifically, Uber evaluates the use of Bitcoin as another option that the company’s customers can use to pay for the services they book. Khosrowshahi stated that the company already accepts local currencies and therefore does not make a difference to cryptocurrencies, provided that customers demand this option. And quite obviously, there is a demand for it. The long-time CEO said that this is good for the ride-hailing company’s business, and drivers and customers can also benefit from digital currencies.However, Dara Khosrowshahi added that Uber will not make cryptocurrencies a part of its own investment strategy, as many other companies do. He added that the company generally does not rely on risky transactions. “We will keep our money safe. We are not in the speculation business,” said the 51-year-old Iranian. For Uber, however, bitcoin is not just a publicity stunt, which would also speak against the company’s serious approach. Instead, the ride service provider is planning a long-term deployment of the cryptocurrency…

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