Uber CEO admitted that in the future the company will allow accepting bitcoins as a payment method. But Uber has no plans to invest in cryptocurrency like Tesla.
Dara Khosrowshahi, CEO of Uber taxi aggregator, told CNBC that the company plans to consider accepting bitcoins as payment.
“Just like we accept all kinds of local currency, we are going to look at cryptocurrency and/or Bitcoin in terms of currency to transact,” he told CNBC’s “Squawk Box,” of Uber’s thoughts on adding Bitcoin as a payment method.
At the same time, Uber is not going to follow Tesla and invest in BTC. Khosrowshahi stressed:
“And if there’s a benefit there, if there’s a need there, we’ll do it, we are just not going to do it as part of a promotion,” he concluded.
While Uber’s decision to accept bitcoin as payment was greeted positively, the CEO’s skeptical words about investing in cryptocurrency were ironically received. Anthony Pompliano from Morgan Creek Digital sarcastically reminded that Uber has no profit, and therefore the company simply has nothing to invest in bitcoins.
Uber has a market value of $116 billion, but remains deeply unprofitable. In November 2020, Uber reported a net loss worth $1.09 billion in Q3 2020.