If these conditions are met, Uber’s CEO says the company may accept cryptocurrency in the future

<p>The CEO of the world's largest ride-hailing company says cryptocurrencies will most likely be accepted as payment in the future. </p> <p>In a new Bloomberg interview, Uber CEO Dara Khosrowshahi tells host Emily Chang that two major factors are preventing him from approving digital assets to cover the cost of fares and food delivery. </p> <p>It is entirely possible [that this will occur]. We're constantly conversing. </p> <p>I believe that right now, what we see with Bitcoin and some of the other cryptos is that they are quite valuable as a store of value [but] the exchange mechanism is expensive. It's not good for the environment." </p> <p>Khosrowshahi also claims that cheaper and greener cryptocurrency transactions may prompt Uber to reconsider using digital assets for payment. </p> <p>"As the exchange mechanism becomes less expensive and more environmentally friendly, I believe you will see Uber lean into crypto a little bit more." We're keeping a close eye on it. Is Uber planning to accept cryptocurrency in the future? Without a doubt, at some point." </p> <p>Exactly one year ago, Khosrowshahi stated that he had no plans to follow in the footsteps of other companies such as Tesla, which converted some of their cash holdings into Bitcoin (BTC). He did leave open the possibility of accepting cryptocurrency as payment for Uber and Uber Eats. </p> <p>From 2005 to 2017, Khosrowshahi was the CEO of travel booking website Expedia. </p> <p>Expedia became one of the first businesses to accept Bitcoin in 2014, after partnering with Coinbase to handle payment processing.</p> <p> </p> <p><a href='http://paypal.me/cryptopirates'>Support us!</a></p>