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Uber to Begin Accepting Bitcoin and Cryptocurrencies for Payments

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by Giorgi Kostiuk

13 hours ago


Uber intends to introduce Bitcoin and other cryptocurrencies as payment options, providing users, drivers, and delivery partners with increased flexibility.

Plans for Cryptocurrency Integration

CEO Dara Khosrowshahi confirmed that the company plans to add cryptocurrencies as a payment method. He noted that this decision aligns with Uber's goal to offer users more payment options. Importantly, Uber will not hold cryptocurrency as an investment or maintain reserves; its role will be strictly as a payment processor.

Practical Challenges and Security

Uber is examining legal and technical challenges related to integrating crypto payments. Khosrowshahi mentioned collaboration with specialists and partners to ensure security and reliability during implementation. A specific timeline for the rollout was not provided, and no details about which cryptocurrencies will be supported were announced.

Trends in the Corporate Sector

Similar steps have already been taken by other companies, such as Mastercard, which announced plans to enable certain cryptocurrency payments for merchants in its network. Tesla has also indicated its intent to resume accepting Bitcoin for vehicle purchases. Uber's decision signals a growing corporate interest in offering cryptocurrency payment channels.

In conclusion, Uber's decision to accept cryptocurrencies as payment methods demonstrates the company's desire to adapt to changing market conditions and customer demands.

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