Feb 12, 2021

Uber CEO:We are considering accepting payments in bitcoin

Uber CEO Dara Khosrowshahi said in an interview with CNBC on Thursday, February 11th that the company will accept Bitcoin and other cryptocurrencies as a form of payment if necessary.

“Just as we accept local currency, we will consider cryptocurrency and / or bitcoin as a transactional currency. It’s good for business, it’s good for our customers.” he said.

“We’re not going to do it just as part of a promotion.”

Khosrowshahi added that Uber is not considering investing part of its reserves in bitcoin.

“This offer was quickly rejected. We will continue to store our cash. We are not engaged in speculation, ”Khosrowshahi said.

Twitter CFO Ned Segal said yesterday that the company is considering investing some of its funds in bitcoin. Also this week it became known that Tesla has invested $1.5 billion in bitcoin.

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Risk Awareness

Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. Trading or holding funds in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation. Use EUPi stable coin to secure your funds from market volatility.

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