Uber is having conversations "all the time" about accepting cryptocurrencies, like bitcoin (EXANTE: Bitcoin)m as a payment method, the company's head Dara Khosrowshahi told Bloomberg in an interview.
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He added that many cryptocurrencies are currently considered by people as a "store of value" which makes it irrelevant to use them for everyday payments. Khosrowshahi also cited expensive transactional costs and environmental issues as other barriers that are needed to be resolved:
"The exchange mechanism is expensive, it is not great for the environment. As the exchange mechanism becomes less expensive, becomes more environmentally friendly, I think you will see us lean into crypto a little bit more."
Despite the above-mentioned problems, Uber is "absolutely" going to accept crypto in the future, Khosrowshahi assured without elaborating on the timetable. This is not the first time Uber hints about accepting bitcoin. In February 2021, Khosrowshahi said that the company would add support for bitcoin once there is enough demand for it.
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