Uber CEO says the company will consider accepting bitcoin from customers
- Uber's CEO said in an interview that the company was open to the idea of accepting bitcoin as payment.
- However, no changes have been made yet.
- Visit Business Insider's home page for more stories.
Uber's CEO Dara Khosrowshahi said on Thursday that the rideshare company is open to accepting Bitcoin as a currency.
"Just like we accept all kinds of local currency, we are going to look at cryptocurrency and/or Bitcoin in terms of currency to transact," he told CNBC's "Squawk Box," of Uber's thoughts on adding Bitcoin as a payment method.
"That's good for business, that's good for our riders and our eaters, so we'll certainly look at that," Khosrowshahi continued.
"And if there's a benefit there, if there's a need there, we'll do it, we are just not going to do it as part of a promotion," he concluded.
"Just like we accept all kinds of local currency we are going to look at cryptocurrency and or #bitcoin in terms of currency to transact. That's good for business, that's good for our riders and our eaters," says @dkhos. "We are just not going to do it as part of a promotion." pic.twitter.com/2OSamy3yBV— Squawk Box (@SquawkCNBC) February 11, 2021
The remarks come a day after Twitter's CFO also told "Squawk Box" that Twitter was considering an addition of Bitcoin to its balance sheet.
Cryptocurrencies have made headlines recently, particularly as an Elon Musk tweet storm drove up the value of alternative cryptocurrency DogeCoin. And as The Wall Street Journal reported, BNY Mellon is now holding cryptocurrencies like Bitcoin for the bank's asset-management customers.
While Bitcoin has hit new highs this year, part of the most recent boom can be attributed to Tesla, which boosted the value of the cryptocurrency in February after revealing that it would begin accepting Bitcoin as payment and that the company had purchased $1.5 billion worth of it. As a result, Bitcoin hit an all-time high of $44,795.20, Insider reported.
Receive a daily news update on your cellphone. Or get the best of our site emailed to you
Go to the Business Insider front page for more stories.