Uber plans to accept Bitcoin as a means of payment

English Feb 14, 2022

The most popular ridesharing app in the world ia planning to adopt cryptocurrencies as a means of payment, especially Bitcoin.

Uber CEO Dara Khosrowshahi stated in an interview last week that the company will certainly accept cryptocurrencies in the future.

"We're talking all the time [about cryptocurrencies]," he said. "I think now what we see with Bitcoin and some other cryptocurrencies is that they are very valuable as a store of value."

However, the company will not make this decision at the moment, as it believes that it would not be an attitude towards the environment. But when Bitcoin becomes greener it will become accepted.

The world's most popular cryptocurrency is often criticized for its energy use and supposed environmental impact, derived from the mining process that involves large computing rigs racing to solve complex mathematical problems.

Bitcoin is still young and growing, and with it comes maturity in the markets. More and more mining companies are moving to renewable energy or trying to move to places where energy cannot be stored to make good use of it. It's just a matter of time before Bitcoin becomes more environmentally friendly. Therefore, it will also be easier to be adopted for environmentally friendly companies.

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Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.