Uber CEO Says Firm Will 'Lean Into Crypto' When It Becomes 'Environmentally Friendly,' Less Expensive to Transact – Bitcoin News

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Speaking in an interview on Friday, Uber CEO Dara Khosrowshahi explained that the company will accept cryptocurrencies 'at some point.'

, Khosrowshahi said that Uber is discussing cryptocurrency “all the time” and he noted that they have become extremely valuable.

“I think right now what we see with bitcoin and some of the other [cryptocurrencies] is that they are quite valuable as a store of value,” Khosrowshahi said. However, the Uber CEO noted that the cost to exchange can be “expensive” and he further highlighted that “it’s not great for the environment.” Khosrowshahi continued:

As the exchange mechanism becomes less expensive, becomes more environmentally friendly, I think you will see us lean into crypto a little bit more. Although many rumors have circulated in the past, Uber has never really shown it will “lean into crypto” any time soon. Interestingly, at the end of July 2018, Uber co-founder, Oscar Salazar

 

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