World’s Largest Taxi Aggregator Uber May Add Bitcoin Payments

During a recent appearance on the Squawk Box program, Uber CEO Dara Khosrowshahi revealed that the passenger transportation giant is considering Bitcoin as an alternative payment method:

“Just as we accept all types of local currency, we will consider cryptocurrency or bitcoin for transactions. It’s good for business, for our drivers and customers. «

«It was a conversation that happened that has been quickly dismissed. We’re going to keep our cash safe. We’re not in the speculation business,» says @dkhos on whether he’s considering adding #bitcoin to $UBER‘s balance sheet. – Squawk Box (@SquawkCNBC) February 11, 2021

At the same time, Khosrowshahi strongly rejected the idea of ​​including cryptocurrency in the company’s reserves, considering it a speculative game:

“We had a conversation on this topic, but we quickly abandoned this idea. We prefer to keep our money safe and do not seek to speculate. «

Anthony Pompliano of Morgan Creek Digital sarcastically commented on the executive’s words, saying that Uber simply does not have a return on investment in cryptocurrency.

The $ 116 billion company remains unprofitable, despite exceeding analysts’ forecasts in the fourth quarter of 2020.

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