- Uber clarified it won’t hold or invest in crypto; integration focuses solely on processing customer payments securely.
- Technical and regulatory challenges are being addressed with partners, but no specific timeline or supported coins was announced.
Uber intends to add Bitcoin and other cryptocurrencies as payment options. Chief Executive Officer Dara Khosrowshahi confirmed this upcoming change. He stated the move aligns with Uber’s goal to offer more payment choices to users. Riders, drivers, and delivery partners will gain flexibility to transact using crypto currencies.
Khosrowshahi explained that accepting cryptocurrency represents a logical step for Uber. The company already processes payments through credit cards, PayPal, Venmo, and Apple Pay. Adding crypto assets expands this existing range of methods. However, Uber clarified it will not hold cryptocurrency as an investment or maintain reserves. Its role remains strictly as a payment processor.
Uber currently examines the practical challenges of integrating crypto payments
The company also tracks evolving legal frameworks governing crypto assets. Khosrowshahi mentioned collaboration with specialists and partners to ensure security and reliability. These steps aim for a stable implementation.
A specific timeline for the rollout was not provided. Khosrowshahi also did not list which cryptocurrencies Uber will support. Reports suggest Uber may develop a dedicated cryptocurrency wallet application as part of this initiative. The CEO expressed a general belief in crypto currencies’ potential impact, positioning Uber’s adoption within the wider embrace of crypto assets by commerce.
This development occurs alongside similar actions by other corporations. Mastercard recently announced plans enabling merchants on its network to send and receive payments in certain cryptocurrencies.
Tesla has also indicated it will resume accepting Bitcoin for vehicle purchases. Uber’s decision signals growing corporate interest in offering cryptocurrency payment channels. The company links this strategy to maintaining its position in the mobility sector.
