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Uber admits that it could receive payments in cryptocurrencies “at some point”

Dara KhosrowshahiCEO of Uber, revealed that the passenger transport application could accept cryptocurrencies as a means of payment in the not too distant future.

In an interview with Bloomberg, Khosrowshahi said that he and his team are constantly discussing this possibility, although some factors hold them back.

“Will Uber accept cryptocurrencies in the future?” Was the question in question, to which he replied: “Of course. Sometime”; however, he added that “this is not the right time.”

Among the main obstacles are the high transaction costs involved in exchanging digital assets.

Another factor of great concern for the Uber CEO is the negative environmental impact associated with cryptocurrency mining, detailed in recent months as one of the main obstacles to its transaction model.

“As the exchange mechanism becomes less expensive and more environmentally friendly, I think we will see ourselves leaning a little more towards cryptocurrencies,” he confessed.

Other technology companies, such as Tesla, have considered expanding payment mechanisms to include digital assets.

Cryptocurrency advocates have long pushed for bitcoin and other tokens to be accepted as payment, though critics point to their volatility, among other reasons, for not doing so.

Source: Larepublica

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