Uber Switches to Bitcoin in Argentina After Govt Blocks Uber Credit Cards
The Argentinian government blocked credit card companies from dealing with Uber, causing the ridesharing company’s national branch to use Bitcoin instead. The city of Buenos Aires issued orders both to the national communications agency (ENACOM) and credit card companies to block the Uber app and deny the company use of credit card service. This prompted Uber to partner with Swiss Bitcoin company Xapo to enable payments through Bitcoin debit cards. Part of an ongoing war against Uber. The ride-sharing company has faced harsh resistance in Argentina, particularly in Buenos Aires. Taxi....
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Uber is still standing strong in Argentina, despite months of being denied credit and debit card service, in part thanks to Bitcoin. According to Franco Amati, co-founder of the Latin American Bitcoin Conference, Uber is still holding on despite resistance from government. Amati says: “Uber is fighting the blockade, sometimes Uber changes the place from where it is charging the payment, and local cards work again, but then the government blocks them again.” To fuel the use of cards that are not so easily shut down, Uber is incentivizing prepaid cards, according to Amati. He explains to....
It is important to keep in mind Uber Argentina is not actively endorsing Bitcoin payments at this stage. There has been a lot of talk about whether or not Uber is suddenly accepting Bitcoin payments in Argentina. One of the company’s tweets seemed to indicate this change, albeit any official reference to has been removed ever since. Moreover, there was an email sent out to Xapo users further confirming using Bitcoin through Uber Argentina. For quite some time now, people have been wondering if and when Uber would start accepting Bitcoin payments. Considering how this ride-hailing....
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[UPDATE: It appears that Uber has suspended Bitcoin Builder's account and thus, the service is no longer operational.] US-based bitcoin exchange platform Bitcoin Builder has announced their release of a bitcoin service that enables users to pay with bitcoin for Uber rides. How it Works. Bitcoin Builder created a business account on the Uber network, which allows the firm to display itself as a payment method on the Uber mobile app. Users are required to use the Bitcoin Builder multi-sig wallet to associate it with the firm’s Uber business account. After the activation, users will see....
The Argentinian subsidiary of international ridesharing giant Uber is turning to bitcoin amid what has been described as a crackdown by local authorities on its operations. Bitcoin industry startup Xapo told CoinDesk today that is has entered a partnership with Uber that allows the company to accept its bitcoin debit cards, and for users to use the payment option when traveling domestically or abroad. First revealed in a tweet by Uber Argentina this weekend, the action is the latest in an escalation between law enforcement and the Silicon Valley startup that centers on whether Uber is....
In Argentina, Bitcoin is a popular phenomenon, and on July 3, the cryptocurrency saved the country’s Uber service thanks to a collaboration with Xapo. Xapo Steps in to Help Argentine Citizens Use Uber. The Argentine government has had issues and ongoing arguments with Uber for quite some time. This comes to light as many jurisdictions around the world....