Finance

Uber won’t buy bitcoin with its cash, may later accept it as payment

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Uber CEO Dara Khosrowshahi told CNBC on Thursday the company discussed but “quickly dismissed” the idea of buying bitcoin with corporate cash like Telsa.

However, Khosrowshahi said Uber would consider accepting cryptocurrencies as payment.

The comments come after Tesla announced earlier this week that it bought $1.5 billion worth of bitcoin with some cash on its balance sheet and plans to begin accepting the digital coin as payment for its products. Tesla’s moves caught Wall Street’s attention and some wondered whether the electric-vehicle maker’s decision would be a tipping point for further crypto adoption.

In an interview on “Squawk Box,” Khosrowshahi was asked whether Uber had…



Source cnbc.com

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