Uber CEO says the company will accept bitcoin if there's a need for it

Uber CEO Dara Khosrowshahi has said that the company will accept bitcoin and other cryptocurrencies as a form of payment if there is a benefit and a need for it.

In an interview with CNBC on Thursday, Khosrowshahi further said that Uber, however, is not considering investing in bitcoin as part of its treasury.

"It was a conversation that happened that has been quickly dismissed. We're going to keep our cash safe. We're not in the speculation business," said Khosrowshahi.

Uber has been a member of the Libra (now Diem) Association since October 2019.

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Yogita is a senior reporter at The Block and covers all things crypto. Before joining The Block, Yogita worked for CoinDesk and The Economic Times. She can be reached at [email protected] Follow her on Twitter @Yogita_Khatri5.

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