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Uber is considering crypto as alternative payment!

Uber Technologies Inc will one day join the likes of Microsoft, by accepting Bitcoin as a payment option on its app. NYPost reports

Dara Khosrowshahi, the chief executive officer, said Uber will accept cryptocurrencies “at some point” in the future..but,

“This isn’t the right point” he said Friday in an interview on Bloomberg Television.

Khosrowshahi cited the cost of exchanges, which can carry high transaction fees, as well as environmental impact of digital mining on the energy grid as main reasons for why Uber has not yet incorporated the technology.

“We’re having debate on the issue all the time,” Khosrowshahi said;

“As the exchange mechanism becomes less expensive and becomes more environmentally friendly, I think you will see us leaning into crypto a little bit more in future”