Pay Uber With Crypto? Co-founder Oscar Salazar Talks About The Transition

1 min read

  • Khosrowshahi said that the company is “all the time” talking about it.
  • Uber co-founder Oscar Salazar has transitioned to the cryptocurrency market.

Coins like Bitcoin and Altcoin have swiftly become one of the most popular investments in the world. In 2012, it was nearly impossible for digital currencies to have their market. However, it has evolved into a $2 trillion sector since then.

The CEO of Uber Technologies, the mobility service provider, Dara Khosrowshahi, has said that the company would take cryptocurrency at some point in the future. This was said during a conversation with Bloomberg Markets’ program hosts Emily Chang and Guy Johnson, which took place on Friday. When asked about crypto during the interview, Khosrowshahi said that the company is “all the time” talking about it, and he added that they have become incredibly valuable.

Early Adoption as a Means of Payment in 2014

While noting that it may be “expensive” to swap, the Uber CEO also pointed out that “it’s not great for the environment” to use this method. Uber CEO Dara Khosrowshahi has said that the company is currently investigating integrating cryptocurrency payments into its ride-sharing services, which have a worldwide presence.

The CEO said that Bitcoin and other cryptocurrencies have grown in value over time and should be significant. Khosrowshahi is well-known for being a proponent of Bitcoin from the beginning. For example, while working with Expedia, a travel-bookings website, Khosrowshahi transformed the company into one of the first major businesses to accept Bitcoin as a means of payment in 2014.

Aside from the words made by Uber’s CEO, the company has made no further definitive pronouncements on the subject. Uber has made no forays into the cryptocurrency market since the company’s founding. Notably, Uber co-founder Oscar Salazar has transitioned to the cryptocurrency market, having founded Voyager, a cryptocurrency exchange, in July 2018.

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