Uber CEO Says App Will Accept Bitcoin “At Some Point” In The Future

Taxi companies may have a leg up over Uber when it comes to accepting Bitcoin payments. Various cab companies do so already, in an effort to regain their top position in the market. Bitcoin users would like nothing more than to pay popular mainstream services with cryptocurrency. Uber is one of the top companies that should accept bitcoin in the future, even though they are not inclined to do so. For now, an intermediate solution is available. eGifter announced they are now selling Uber gift cards for usage in the United States. On paper, it would make a lot of sense if Uber started....

Despite several reports claiming that Uber is already starting to accept bitcoin payments, the company firmly denied these updates. Uber clarified that it is not yet considering bitcoin payments integration even with its long-term plans. These rumors started swirling after BrainTree, a payments processor company, mentioned that it would allow its merchants to accept bitcoin should they choose to do so. Just recently, a Reddit user shared an interaction with an Uber help desk representative that was misinterpreted to mean that the company was considering bitcoin integration. Bitcoin....

The ride-sharing service that allows part-time taxi drivers to make a buck and (often) riders to save time and money has confirmed that they are "currently making Bitcoin work with Uber as of now." The confirmation comes in the form of a response from an Uber support representative to a customer who asked to pay in bitcoins. CCN is working to get further statement from the company. Update: Uber has not confirmed that they are going to accept bitcoin payments. Also read: Despite Denial, Uber Users Complaining of Hacked Accounts. The question of how payment for the drivers would work must....

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 Firm Will Likely Accept Cryptocurrencies at Some Point, Company Converses About the Subject All the Time At some point in time, Uber Technologies, the mobility service provider (ride-share service) will accept....

[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....