Uber Might Accept Cryptocurrencies as Payment in the Future

In an interview on CNBC's “Squawk Box,” Uber CEO Dara Khosrowshahi said that the ride-sharing company is considering adding crypto as a new payment option for their customers.

"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," says @dkhos. "We are just not going to do it as part of a promotion." pic.twitter.com/2OSamy3yBV
— Squawk Box (@SquawkCNBC) February 11, 2021

He added that this opportunity could be good for the business as well as both drivers and customers, so the company will definitely consider it and implement it if it proves to be beneficial and useful. Khosrowshahi also noted that the company is not going to implement this idea as part of a promotion.

Uber CEO also said that the company discussed the idea of buying Bitcoins with corporate cash, and noted that this idea was quickly dismissed since Uber wants to keep their money safe.

“We're not in the speculation business,” he added. “The upside in our company is in the business that we've built, not the investments that we invest in.”