Uber Technologies Inc. will one day join the likes of Microsoft Corp. by accepting Bitcoin as a payment option on its app.<\/p>\n
Dara Khosrowshahi, the chief executive officer, said Uber will accept cryptocurrencies \u201cat some point\u201d in the future.<\/p>\n
\u201cThis isn\u2019t the right point,\u201d he said Friday in an\u00a0interview<\/a><\/strong>\u00a0on Bloomberg Television.<\/p>\n Khosrowshahi cited the cost of exchanges, which can carry high transaction fees, and the environmental impact of digital mining on the energy grid as reasons for why Uber has not yet incorporated the technology.<\/p>\n \u201cWe\u2019re having conversations all the time,\u201d Khosrowshahi said. \u201cAs the exchange mechanism becomes less expensive and becomes more environmentally friendly, I think you will see us leaning into crypto a little bit more.\u201d<\/p>\n Uber Technologies Inc. will one day join the likes of Microsoft Corp. by accepting Bitcoin as a payment option on its app.<\/p>\n","protected":false},"author":341034,"featured_media":421238,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[44696,29366],"tags":[187,191,45743,20853],"class_list":["post-433726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","category-motoring","tag-bitcoin","tag-cryptocurrency","tag-dara-khosrowshahi","tag-uber"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/433726"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=433726"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/433726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/421238"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=433726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=433726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=433726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Now read: Bitcoin worth R55 billion seized \u2014 couple accused of money-laundering<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"