Uber Should Consider Implementing Bitcoin Payment Option
Uber, the ride sharing giant recently faced issues with its banking partner, which wouldn't have happened if it had used cryptocurrency payments on its app. The international ride sharing giant, Uber has remained undecided about the implementation of Bitcoin payments for a while now. There were few attempts by third party developers in the past where they tried to support Bitcoin payments on Uber application, but without much success. In a recent incident, Uber has come to realize the disadvantage of increased reliance on traditional financial institutions for collection and disbursement....
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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....
Uber has denied that it is currently integrating bitcoin as a payment option for its on-demand mobile ride-sharing services. Suspicions regarding a potential announcement first began to circulate on social media yesterday after a user posted a cryptic interaction with one of the company's help desk representatives to Reddit. The text of the message suggested that Uber was "currently making bitcoin work" for the service, but offered few supporting details. However, a representative for Uber indicated that such assertions were unwarranted, telling CoinDesk flatly: "This story isn't true."....
Since ride-sharing platform Uber has denied rumors saying that it is accepting bitcoin transactions and clarified that this feature is not yet in the pipeline, Bitcoin Builder sought to create a workaround by offering users access to its Uber business account to make bitcoin payments. However, Uber decided to suspend this particular account this week. Bitcoin Builder is still appealing to Uber to reinstate the account and, according to a message shared on Reddit, the company will reexamine the suspension. Uber Payments Thru Bitcoin Builder. As it turns out, Bitcoin Builder is facilitating....
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....
Decentralized Taxi Service, Uber, has confirmed that they have been working on integrating Bitcoin payments and will soon launch the update. Uber has taken the transportation industry by storm since their launch a few years ago. By allowing drivers to pick their own hours and work as free lancers for the company, Uber has quickly grown to be a very popular option for many urban areas. Uber, much like Bitcoin, empowers the users and allows customers to quickly find a ride, see how much that ride will cost, and pay for the ride (with the ability to split cab fare with friends) all with their....