Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/dev.webpronews.com/public_html/wp-includes/functions.php on line 6114

Warning: session_start(): Session cannot be started after headers have already been sent in /var/www/html/dev.webpronews.com/public_html/wp-content/themes/wpn_theme/templates/mc-sub-group.php on line 2
Uber Will One Day Accept Crypto, But Not Yet «

Uber Will One Day Accept Crypto, But Not Yet

Uber is the latest company to signal its willingness to accept cryptocurrencies as payment, but not until some major changes take place....
Uber Will One Day Accept Crypto, But Not Yet
Written by Matt Milano

Uber is the latest company to signal its willingness to accept cryptocurrencies as payment, but not until some major changes take place.

Companies across multiple industries have begun accepting crypto as payment. Tesla was one of the biggest companies to accept crypto before backtracking over environmental concerns. That view has been echoed by other organizations, such as Mozilla, which have stopped accepting crypto over the same issues.

According to Bloomberg, Uber CEO Dara Khosrowshahi said his company would also like to accept crypto “at some point,” before saying “this isn’t the right point.”

Uber is waiting until crypto transaction fees are lower, reducing its environmental impact.

“We’re having conversations all the time,” Khosrowshahi said. “As the exchange mechanism becomes less expensive and becomes more environmentally friendly, I think you will see us leaning into crypto a little bit more.”

Khosrowshahi’s statement is just the latest indication of the challenges crypto faces before it gains widespread adoption.

Subscribe for Updates

CEOTrends Newsletter

Articles for CEOs

By signing up for our newsletter you agree to receive content related to ientry.com / webpronews.com and our affiliate partners. For additional information refer to our terms of service.
Get the WebProNews newsletter delivered to your inbox

Get the free daily newsletter read by decision makers

Subscribe
Advertise with Us

Ready to get started?

Get our media kit