The head of Uber Technologies (UBER) says that the ride hailing and delivery company will eventually accept Bitcoin (BTC) and other cryptocurrencies as a payment option on its app.
Dara Khosrowshahi, the chief executive officer (CEO), said Uber will accept cryptocurrencies “at some point” in the future. “This isn’t the right point,” he said in a media interview.
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 cryptocurrencies.
“We’re having conversations all the time,” Khosrowshahi said. “As the exchange mechanism becomes less expensive and becomes more environmentally friendly, I think you will see us leaning into crypto a little bit more.”
