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Uber CEO: Firm will ‘Lean into Crypto’ when it becomes ‘Environmentally friendly,’ and less expensive to transact

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

Speaking in an interview on Friday, Uber CEO Dara Khosrowshahi explained that the company will accept cryptocurrencies “at some point.” Khosrowshahi noted that there were two downsides to leveraging the cryptocurrencies like bitcoin, such as “the exchange mechanism is expensive, [and] it’s not great for the environment.”

Uber CEO Says That Firm Will Likely Accept Cryptocurrencies At Some Point, Company Talks All The Time

At some point in time, Uber Technologies, the mobility service provider (ride-share service) will accept cryptocurrencies, according to Uber’s CEO Dara Khosrowshahi. This was said by the Uber executive while speaking to Bloomberg Markets’ hosts Guy Johnson and Emily Chang on Friday. During the interview, Khosrowshahi said that Uber is discussing cryptocurrency “all the time” and he noted that they have become extremely valuable.

” I think that right now, what we see with Bitcoin and other [cryptocurrencies] currencies is that they are very valuable as a store value,” Khosrowshahi stated. Khosrowshahi said that exchanges can be costly and that it is not good for the environment.

As the exchange mechanism becomes less expensive, becomes more environmentally friendly, I think you will see us lean into crypto a little bit more.


Despite rumors circulating in the past, Uber has not shown that it will “lean into cryptocurrency” anytime soon. Interestingly, at the end of July 2018, Uber co-founder, Oscar Salazar founded the crypto exchange platform Voyager. In mid-December that year, Fold made it possible to utilize bitcoin (BTC) with Uber by leveraging the Fold application. Khosrowshahi was an early advocate for bitcoin, as it has been known for a while.

Writing for Quartz, the author Joon Ian Wong explained that when Khosrowshahi became Uber’s new CEO, he previously led the travel-booking platform Expedia for 12 years. “Expedia showed an adventurous streak on Khosrowshahi’s watch, becoming one of the first major merchants to accept bitcoin as a form of payment, back in 2014,” the Quartz contributor said in August 2017.

What do you think about Dara Khosrowshahi’s statements about Uber accepting cryptocurrencies? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, the News Lead at Bitcoin.com News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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