At the Bloomberg Tech conference on June 5, 2025, Uber CEO Dara Khosrowshahi confirmed the company's plans to accept cryptocurrencies as payment options.
Uber's Plans for Crypto Acceptance
Khosrowshahi's announcement indicates a potential shift in Uber's payment landscape, which might accelerate cryptocurrency adoption. He stated, "We would definitely accept cryptocurrencies as a form of payment in the future."
Exploration of Stablecoins
The company is also evaluating stablecoins for global transactions, emphasizing their operational benefits. Khosrowshahi's approach includes considering Bitcoin payments for both employees and customers.
Market Impact and Investor Response
Investor sentiment was modestly positive, reflected in a 1.11% increase in stock prices following the stablecoin announcement. It's noted that if Uber implements crypto, Bitcoin and stablecoins like USDC and USDT could gain prominence in the market.
Uber's plans for cryptocurrency acceptance may open new horizons for fintech and significantly impact the current state of the cryptocurrency market.
