Uber’s CEO Dara Khosrowshahi said on Thursday that the rideshare company is open to accepting Bitcoin as a currency.
“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.
“That’s good for business, that’s good for our riders and our eaters, so we’ll certainly look at that,” Khosrowshahi continued.
“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.
—Squawk Box (@SquawkCNBC) February 11, 2021
The remarks come a day after Twitter’s CFO also told “Squawk Box” that Twitter was considering an addition of Bitcoin to its balance sheet.
Cryptocurrencies have made headlines recently, particularly as an Elon Musk tweet storm drove up the value of alternative cryptocurrency DogeCoin. And as The Wall Street Journal reported, BNY Mellon is now holding cryptocurrencies like Bitcoin for the bank’s asset-management customers.
Read more: Investors are flocking to trade Dogecoin and other hot digital tokens on Voyager, a platform with no Robinhood-style restrictions. Its CEO says Bitcoin will hit $100,000 this year — and shares 3 other cryptocurrencies to watch.
While Bitcoin has hit new highs this year, part of the most recent boom can be attributed to Tesla, which boosted the value of the cryptocurrency in February after revealing that it would begin accepting Bitcoin as payment and that the company had purchased $1.5 billion worth of it. As a result, Bitcoin hit an all-time high of $44,795.20, Insider reported.
Axel Springer, Insider Inc.’s parent company, is an investor in Uber.