Uber plans to accept cryptocurrencies but only under certain conditions

During a recent interview with Bloomberg TV, Uber CEO Dara Khosrowshahi said the ride-hailing giant will begin accepting cryptocurrencies "at some point". However, the San Francisco-based company will only add such an alternative payment option when encryption becomes more efficient and environmentally friendly. Bitcoin's huge energy footprint has been a major obstacle to wider adoption by merchants. Tesla, the leading electric car maker, suspended payments in the flagship cryptocurrency last May due to lingering climate-related concerns.

That said, it should be noted that the share of sustainable energy in bitcoin mining has now risen to 58.5%, according to a January survey released by the Bitcoin Mining Council (BMC). Tesla, however, continues to hold around $ 2 billion worth of bitcoin on its balance sheet. When it comes to corporate adoption, Khosrowshahi rejected the idea of adding cryptocurrencies to Uber's balance sheet last September: "We'll keep our cash safe."

by Alessandro Crea Tuesday 15 February 2022 18:00 COMMENT

The predisposition to a cryptocurrency respectful of the climate and, perhaps, of the institutions is the photograph of what we offer. No block-chain, transaction security guaranteed by decrypting the encrypted message that constitutes the digital currency.