Uber is open to accepting cryptocurrencies…if this condition is met!
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Answer Uber is open to accepting cryptocurrencies…if this condition is met!
During a recent interview with Bloomberg TV, Uber CEO Dara Khosrowshahi stated that the ride-hailing giant will start accepting cryptocurrency at some point.
However, the San Francisco-based company will only add this alternative payment option when cryptocurrencies become more efficient and green, Khosrowshahi stated:
The exchange mechanism is expensive, and it is not good for the environment.
If the exchange mechanism becomes less expensive, and becomes more environmentally friendly, I think you will see us lean towards cryptocurrencies more.
Bitcoin’s massive energy consumption is a major obstacle to widespread adoption by many companies and merchants.
Earlier, the largest maker of electronic cars, Tesla, suspended payments in major cryptocurrencies last May due to ongoing climate concerns.
Read:The number of Ethereum holders reaches an all-time high
It is worth noting that the share of sustainable energy (mined in clean and environmentally friendly ways) in the Bitcoin mining sector has now risen to 58.5%, according to a January survey published by the Bitcoin Mining Council (BMC).
Tesla continues to hold nearly $2 billion worth of bitcoin on its balance sheet.
When it comes to corporate adoption, Khosrowshahi rejected the idea of adding cryptocurrencies to Uber’s balance sheet last September, saying:
We will keep our money safe.
Read:Once again…Terra Buys $230 Million Bitcoin After Bitcoin Dropped To $44,000
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