Uber CEO Says Company to Consider Crypto for Rides, Not Its Balance Sheet

The rideshare company will look into cryptocurrencies including bitcoin as a potential form of payment.

AccessTimeIconFeb 11, 2021 at 2:06 p.m. UTC
Updated Sep 14, 2021 at 12:10 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Uber CEO Dara Khosrowshahi said on CNBC Thursday the rideshare giant will consider accepting cryptocurrencies including bitcoin as a form of payment.

  • Khosrowshahi said the company will look into such options if it can identify a benefit or a need to do it.
  • He shot down any notion of Uber buying bitcoin for its corporate balance sheet, however. "We are going to keep our cash safe," Khosrowshahi said.
  • Uber has been a member of the libra (now diem) stablecoin association since October 2019.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about