Uber to Consider Accepting Bitcoin Payments

CEO Uber Dara Khosrowshahi told CNBC that the company would begin accepting Bitcoin and other cryptocurrencies if it identifies a need and benefits.

«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

Just as we accept various local currencies, we will consider cryptocurrencies and/or Bitcoin as a means of payment. That is good for business, that is good for riders and for users of the food-delivery service.

Khosrowshahi stressed that Uber is not considering holding a portion of its reserves in the first cryptocurrency.

We intend to keep money safe. We are not involved in speculation,

Uber has been a member of the Libra association since 2019 (now — Diem).

Earlier this year, Tesla’s Elon Musk invested $1.5 billion in bitcoin, which helped push the price of the first cryptocurrency to new highs.

In late 2020, the British investment firm Ruffer Investment purchased bitcoin worth £550 million (~$743.7 million). In February the firm liquidated part of its position after bitcoin’s price had doubled.

In January 2021, it was announced that SkyBridge Capital launched a bitcoin fund with assets of $310 million.

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