Uber, the US-based ride hailing major, will be integrating crypto payments option on its app “at some point.” CEO Dara Khosrowshahi spilled beans on the future plans of the company during a recent interview. The cab-booking platform claims to be used across 890 cities in over 70 countries. As of now, it has not set foot in the crypto sector but its future plans align with several other big tech companies like Microsoft and Tesla, among others.
“I think you will see us lean into crypto a little bit more,” the 52-year-old multi-millionaire said. “If you say, is Uber going to accept crypto sometime in the future? Absolutely, at some point.”
In addition, Khosrowshahi is also waiting to see the crypto market mature and grow out of its current volatile phase.
Uber is not the only company that is eyeing the crypto sector at the time.
Crypto payments have become a thing in the US with several brands beginning to accept cryptocurrencies for payments including Elon Musk’s Tesla, Mark Cuban’s Dallas Mavericks NBA team, and movie hall chain AMC Theatres, among other brands.
As per CoinMarketCap, the total market capitalisation has also risen to $1.86 trillion (roughly Rs. 1,41,00,900 crore) from $1.72 trillion (roughly Rs. 1,28,63,420 crore) that was recorded on February 4.