fbpx
QQQ
+ 1.34
333.86
+ 0.4%
DIA
-0.45
338.55
-0.13%
SPY
+ 1.06
411.21
+ 0.26%
TLT
-0.17
140.56
-0.12%
GLD
+ 0.35
166.71
+ 0.21%

Uber Will Consider Crypto As Payment, CEO Says It's 'Good For Business'

February 11, 2021 1:17 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Uber Will Consider Crypto As Payment, CEO Says It's 'Good For Business'

Speaking to CNBC’S Andrew Ross Sorkin today, the CEO of Uber Technologies Inc (NYSE: UBER) Dara Khosrowshahi said the company would look into cryptocurrency as a means of payment.

What Happened: Answering the question about whether the app is considering accepting Bitcoin as payment, Khosrowshahi said “Just like we accept all kinds of local currencies, we’re going to look into cryptocurrencies and or Bitcoin in terms of currency to transact. That’s good for business.”

He notes that the platform will only introduce it if they see a real value and “a benefit there.”

"We’re just not gonna do it as a part of a promotion.”

The CEO, however, said that a “conversation” about investing in Bitcoin as part of its treasury “has been quickly dismissed.”

“We're going to keep our cash safe. We're not in the speculation business.”

Why It Matters: Uber comments come a day after Twitter Inc (NYSE:TWTR) CFO Ned Segal said that the social media platform would consider paying their employees and vendors in crypto if they ask for it.

“It's something we continue to study and look at. We want to be thoughtful about it over time, but we haven't made any changes yet," Segal added.


Related Articles

Traders Of Crypto Report: 70% Of The Decade's Largest Financial Hacks Involve Stolen Bitcoin

The past decade’s most significant financial hacks have been a crypto heist of some kind. read more

Crypto Broker Voyager Digital's AUM Crosses $2.4B After Record-Setting Month

Voyager Digital Ltd (CNSX: VYGR), a crypto-asset trading platform for retail and institutional investors, has witnessed a record-setting month. read more

Opinion: The Doge Days Are Over. You Invested in Dogecoin, Now What?

This column does not necessarily reflect the opinion of the editorial board of Benzinga. Everybody familiar with traditional investing knows that penny stocks are rife with fraud and scams. read more

Could Ripple's (XRP) Latest Legal Win Be 'Game Over' For The SEC Lawsuit?

Ripple, the company linked to the XRP (XRP) token, has secured yet another goal in its legal match with the U.S. Securities and Exchange Commission by getting a right to see how the regular determines which cryptocurrency is a security, CoinDesk reported Tuesday. read more