Uber Technologies has reiterated that it is considering accepting cryptocurrencies as payment. The CEO of the ride-hailing company said the firm was constantly watching the crypto space as it saw a lot of value in cryptocurrencies. However, he added that the time is not yet right for the company to implement crypto payments.
Uber is still observing the crypto industry
In an interview with Bloomberg today, the CEO of Uber, Dara Khosrowshahi, said that the company frequently has conversations about accepting crypto. He stated that the consensus at Uber at the moment is that the time is not yet right to accept the digital assets as payment for its ride-sharing and food delivery services.
The chief executive named the reasons for the current stance. While Bitcoin and other cryptocurrencies were useful as a store of value, they have largely expensive exchange mechanisms and were not good for the environment, he said. However, when crypto becomes more cost-efficient and environmentally frien
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