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Uber to accept crypto if cost-effective, eco-friendly: CEO

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Post time 10-1-2024 11:14:05 | Show all posts |Read mode
We have been discussing (about cryptocurrency payments), and I think what we see now with Bitcoin and other cryptocurrencies is that they are a very advantageous means of value storage.

He added, "The transaction mechanism of (cryptocurrency) is expensive and environmentally unfriendly. As transaction costs become cheaper and more environmentally friendly, I think you will see us leaning more towards cryptocurrencies."

For a long time, Bitcoin has often been criticized for its mining mechanism as an "energy-consuming beast" and for "environmental destruction." According to research data from Cambridge, the electricity consumed by Bitcoin mining in a year exceeds the national electricity consumption of Argentina. Nevertheless, the CEO of Uber remains confident that these issues will be overcome someday.

Will Uber accept cryptocurrency in the future? Absolutely. It's just not the right time yet.

In addition, during an interview on CNBC's program "Squawk Box," Dara Khosrowshahi was asked whether "Uber had considered following in Tesla's footsteps and adding Bitcoin to its balance sheet." He responded, "We have discussed this idea, but it was quickly rejected."

Dara Khosrowshahi said, "We want to ensure that our cash is safe. We don't engage in speculative businesses, and the strength of our company lies in the business we have built, not in investment portfolios."
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Post time 10-1-2024 17:06:58 | Show all posts
Low cost is also very suitable.
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Post time 10-1-2024 21:07:04 | Show all posts
I don't know if it can be made more environmentally friendly.
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Post time 10-1-2024 21:52:45 | Show all posts
Regardless of who it is, it's definitely necessary to reduce costs.
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