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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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Nigeria plans to delist naira from all P2P crypto platforms

Nigeria aims to ban naira use on peer-to-peer (P2P) trading platforms. News comes after a meeting between the government represented by the Securities and Exchange Commission (SEC) and the blockchain community. The latest cryptocurrency news from Africa is that Nigeria has plans to delist the local currency naira from all peer-to-peer (P2P) crypto trading platforms…


  • Nigeria aims to ban naira use on peer-to-peer (P2P) trading platforms.
  • News comes after a meeting between the government represented by the Securities and Exchange Commission (SEC) and the blockchain community.

The latest cryptocurrency news from Africa is that Nigeria has plans to delist the local currency naira from all peer-to-peer (P2P) crypto trading platforms in the country.

Newspaper publication PUNCH reported early Tuesday that the Federal Government is working via the Securities and Exchange Commission (SEC) to remove naira from all P2P crypto platforms.

The move comes amid the government’s efforts against alleged dollar racketeers and exchange rate manipulators.

Nigeria SEC met crypto sector players

This latest development in the Nigerian crypto landscape follows a meeting that involved the country’s newly-appointed Director General of the SEC Emomotimi Agama and the blockchain community. Agama revealed the government’s naira plans during this meeting.

While the government will not allow for any manipulative acts that threaten the markets and Nigeria’s interests, the plan is to work closely with the industry to promote responsible growth and innovation.

Agama’s remarks to the Blockchain Industry Coordinating Committee of Nigeria (BICCoN) emphasized the government’s readiness to engage and collaborate with the crypto space.

As Coinjournal highlighted recently, the meeting with the SEC came amid BICCoN’s calls for a roundtable between the SEC chief and crypto exchanges. This meeting could be crucial in the overall quest to make Nigeria a cog in the global digital assets arena.


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SEC goes after Robinhood; KangaMoon steady as market reacts

SEC issued a Wells Notice againast Robinhood, alleging securities violations. Crypto prices reacted lower, with Bitcoin (BTC) retreating to under $64,000. KangaMoon (KANG), a new crypto project for play-to-earn and SocialFi, continued to attract investors. Robinhood Markets Inc., the company behind the popular stock and crypto trading app, revealed it received a Wells Notice from…


  • SEC issued a Wells Notice againast Robinhood, alleging securities violations.
  • Crypto prices reacted lower, with Bitcoin (BTC) retreating to under $64,000.
  • KangaMoon (KANG), a new crypto project for play-to-earn and SocialFi, continued to attract investors.

Robinhood Markets Inc., the company behind the popular stock and crypto trading app, revealed it received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4.

While the news impacted the crypto market, with Bitcoin dipping from intraday highs above $65,000, analysts are bullish on BTC and other top altcoins. There’s also a lot of positive vibes around new crypto project KangaMoon (KANG).

SEC slaps Robinhood with a Wells Notice

The crypto market reacted lower on Monday after news that the US Securities and Exchange Commission (SEC) has issued a Wells Notice to popular trading app Robinhood.

The SEC alleges securities violations against Robinhood Crypto. In response, the company says it is open to engaging with the regulator.

We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be on both the facts and the law,” Robinhood’s chief compliance officer Dan Gallagher said.

SEC’s notice to Robinhood Crypto and market reaction

The market’s response showed a broader concern and dismay, and Bitcoin price slipped from highs above $65,000 to trade near $63,300. In the stock market, Robinhood’s share price fell more than 5%.

Following this latest Wells Notice to Robinhood Crypto, the SEC is now either looking to sue or has active lawsuits against multiple crypto companies. These include exchanges Coinbase, Binance, Kraken; DEX platform Uniswap, and Ethereum development studio Consensys.

SEC’s approach to crypto regulation has drawn sharp criticism from industry players, with many seeing it as gross overreach on the regulator’s part.

Jake Chervinsky, the chief legal officer at Variant, says the SEC is “abusing the Wells process as a scare tactic now.”

KangaMoon (KANG) steady amid increased interest

While the SEC’s strategy in regulating cryptocurrencies has raised concerns amid calls for clarity, the crypto investment community knows the industry is here to stay and continue to build top projects.

It’s a scenario that has crypto investors bullish on the potential of a project like KangaMoon (KANG).

Offering a new play-to-earn gaming ecosystem that taps into the benefits of SocialFi, KangaMoon already stands out for its astounding presale performance. But aside from the surging interest, there’s real traction for its P2E gaming platform amid a robust community-driven approach and meme culture.

What’s attractive about the native KANG token is that with it, holders can earn more KANG during the presale. The token thus offers a chance to earn a return ahead of its listing on exchanges post the token sale.  

KangaMoon recently reached the $6 million milestone in its presale, with KANG token available to early birds at $0.0196 in Stage 5.

Once the presale closes, KANG tokens will be available for trading, potentially exploding amid a broader market bull market performance.

Learn more about KangaMoon (KANG) on their website.


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JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from crypto wallets [……
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