Bitcoin Forum

Interesting article about Uber's New CEO. Looks like Uber might be taking bitcoin soon.

http://fortune.com/2017/08/30/uber-ceo-dara-khosrowshahi-bitcoin/ (http://fortune.com/2017/08/30/uber-ceo-dara-khosrowshahi-bitcoin/)

This would definitely be interesting for Uber, especially for the fact that they've been reported to be sinking... Some drivers already accept Bitcoin tips. We'll see how this plays out, time will tell.

Someone is brewing something, maybe another ICO and a new altcoin to be used by Uber for their riding passengers, with an option not only bitcoin for payment.

You are quick to think Khosrowshahi could add Bitcoin as a payment method in the Uber system. He can be a Bitcoin adopter, he can have already done with Expedia, in no way, there is a single sign that it could be added to Uber (at least in a near future) You can be a fan of this and that it doesn't mean you can mix it with your job. Also as mentioned in the article Khosrowshahi has a very long to-do list at Uber

Well nothing special here.

On the side note and a little bit of OT, they must learn how to follow rules and regulations.

Uber just fined 190M here in my country because of lack of regulations and didn't able to follow some of the rules. They enjoy their freedom because of poor governance prior to the new administration but now everything was changed because of new government. Look at their counterpart Grab operating without a problem because they follow protocol.

#ifonlyuberfollowsrulesthenwedonthavetotaketaxisanymore

Well it's a good but nothing to be hyped about really. Uber uses bitcoin already  for tipping drivers but I don't think the fact that the CEO of Uber has a positive sentiment towards bitcoin makes such a big difference.

That's good for Uber's financial health. If they start accepting bitcoin, it will be helping only them to survive for a longer time. However, for bitcoin earners, it doesn't seem to be a great idea especially when the price of bitcoin is sky rocketing. So I doubt many people will not be interested in paying by bitcoin because they may be loosing a fortune.

Personally, I don't believe in spending my bitcoins for silly reason like coffee, grocery or taxi riding. I prefer to use fiat currency or my debit card. Bitcoin is far more powerful than what it is right now. When it will unleash its true power, many spender will regret.

Is this a joke?

Doesn't anyone remember why BTC was invented

Freedom from countries, central and regular banks, and all fascist organizations. Uber is one of the latter, tracking all its users' movements, with or without their knowledge. Having the Uber app is like having a picture of Adolf Hitler in the wallet. I'm sure the nazis would have loved a device which would record all the movements of the people. Uber did it, and they chose a German name to make it known to all that they're nazis.

But I guess Uber would a nice tool for the FBI and the CIA who want to control BTC. With the help of Uber, their job would be much easier to establish a who's who of all addresses in the blockchain.

This may be a good move for uber but might not be acknowledged by some drivers/riders. Some people don't know what bitcoin is. Uber must weigh things first and make sure that no rules will be violated.

Although it would not function to well due to volatility, it would be great for a service like that allowing bitcoin. Many clients and drives would get interested in bitcoin just because of that.

Though most people agree that this is nothing to be hyped or be excited about, however, I feel that this is a great avenue to popularize and make bitcoin known to the majority of people since there are a lot of uber users, and for example, if uber would allow bitcoin to be paid in my country, then people would be curious and more eager to find what bitcoin is all about and how they may be able to get it.

That started it all, heard a news about that last couple of weeks that uber drivers can be payed on tips by bitcoin. That is the coolest thing would happen this year. It is good start maybe soon more and more companies will eventually be part of bitcoin community, so it's easy for us to roam around and spend bitcoin for today there's is still limited businesses that has features related to bitcoin.

I look forward to the day when I can directly pay in crypto for my taxi ride :D

It is just a sign of the changing times and more and more young entrepreneurs are showing love for bitcoin because they are starting to discover the great technology behind it and the possibility of integrating it into their own businesses. The more people get into bitcoin, the higher the demand for it will be.

good news ceo uber new bitcoin fans whether uber will accept a payment system with bitcoin. very good for bitcoin development in the future

Its nice and good news for bitcoin fan because the bitcoin is gradually recognize in whole world

Don't think Uber could come down to accepting Bitcoin because it would be a hard time for the customers to bare the transaction fee and waiting for 1 confirmation to happen to make sure there's no double spend would take its own time with lesser transaction fees. I would prefer Uber to be the way it is, Bitcoin seems too hot to implement in their system.

that will be good but the fee will be more than what i pay ( in my country ) just wonder if taxi only must pay $3 and fee reach $1-$2 , we can count if we ride taxi everyday  ;D

Its always good to have more media attention through this.
This is actually good news, im hoping Uber will be worldwide soon :) like Bitcoin.

Uber is pretty famous here in my country, lot of commuters do love the services they give. Maybe CEO is brewing something out of the idea of Bitcoin somehow like another coin that can be used as a form of virtual money or virtual credit that can be used as a payment for the services that Uber offers.

This might not be 'hype'  the Bitcoin in my country, but it will do 'hype' (if there is, in the future) the Uber coin, it will be locally supported in my country.

Event though Dara Khosrowshahi is a bitcoin fan, doesn't mean he will add bitcoin as another payment method for Uber as he did accepted bitcoin transaction in Expedia but through coinbase to proceed into fiat currency. And there's one obstacle;
Meanwhile, consumers are still showing no sign of adopting bitcoin as an everyday payment method, and adoption among merchants (other than Overstock) has stalled, so Uber may lack incentives to go for it.
Whether people willing to pay Uber using bitcoin or not due to the price that fluctuate a lot, maybe after you pay Uber and the next hour /day > bitcoin price increase significantly over $500.

Uber could do an ICO so their investors finally cashed out some money

We are not sure if he will actively support Bitcoin when he is in the office or not but is doing so then it would definitely help Bitcoin to grow in terms of users. The average number of Uber rides in 1 million rides every day, so even if 10% of them starts paying in Bitcoin, it will build awareness about Bitcoin and crypto-payments.

I am sure in next 5 years, we will have major online and offline stores accepting Bitcoin as a payment method against goods and services.

It's not about the CEO actively supports Bitcoin, i think it's about the idea of bitcoin or virtual money which can be used on Uber as a form of payment and services. Since, uber is popular and a lot of users who actively supports uber's services it's possible that virtual money integration on Uber will be done.

I bet you're talking about the Philippines.

I beg to disagree with you because I don't see how uber had a "lack of regulations" and didn't follow some rules. What rules exactly didn't they follow? They actually complied to the required licensure as prescribed by the regulatory board, and I don't see how the offenses as pointed out by the agency only applied to Uber. The only difference was, Grab obeyed LTFRB's orders to stop hiring and accrediting new drivers but both Uber and Grab had regulation issues.

Politics aside, its good to hear that the Uber CEO is also a fan of Bitcoin. More power to Uber because of their excellent service.

Noted, but it also solve some real problems with transport challenges. Not everyone can own a car and most drunk people make use of their services too. < I know I use them, when I visited a bar with my friends >

You should then say the same about cell phones and GPS's and internet service providers. Technology has advantages and disadvantages and we should just accept that or decide not to use it.

this is a good news for uber passengers and one big hit for uber if they will release a coin for payment. As uber are popular and been popular in different country. it smells like there will be UBErs ICO upcoming, well im waiting for it. the new CEO is not just a Fan of bitcoin but also invest on it.

Its a welcoming news really is she is fan of bitcoin, but it is different when you are running a big company and you have to exclude your personal belief here and not just implement it in your company. And I highly doubt that that the board or directors will allowed here, they may even kick her out if she insist on it. I know I also want to see Uber accepts bitcoin as mode of payment because it would be very practical for most of us who used their service. But I don't think that it is simple as flipping a coin and instantly the company supports it because their CEO is a bitcoin enthusiast.

Uber's accepting bitcoin sound good to hear and good idea, but the fact I saw with it, there is a leak disadvantages that is what if the internet connection is so weak, does the passengers need to wait for the confirmation before leaving the vehicle?

I think the rules that they didn't follow is the registration of new cars, those cars should registered as public utility vehicle. Accreditation is also another issue here, the difference for me is that mostly of Grab Drivers are also existing Taxi drivers which is registered already. Please do correct me if i'm wrong.

He was the guy behind Expedia which was one of the first major travel companies to be accepting bitcoins, so therefore i don't think that you are wrong at all in saying that we might be seeing Uber taking bitcoin soon.

We've seen uber drivers already accepting bitcoin as tips as well. Accepting payment direttly in bitcoin for uber will be a challenge though, because not every driver will know what it is and not all will be able to acecpt it.

This is just another proof that bitcoin has gained so much traction over the years that it's been around. It's got adopters all over the place now, even CEOs, and new users are joining everyday as well. I just hope that we can see even more merchants accepting btc in 2, 3 years time that you can comfortably live off bitcoin only.

I read somewhere that uber is already accepting btc. If not, then this might be the push that uber needs to FULLY accept bitcoin. It seems that everyone is now realizing the value of btc now.

Uber drivers could conceivably cut uber out of the equation and collect the entire fare for themselves.

Uber is an unnecessary middle man within the grand scheme of things and middle men have a tendency to be eliminated as walmart has shown with them reducing the links in the chain separating their suppliers from their distribution centers.

Uber has a reputation for indulging in some sexist and uncool things, adopting bitcoin may not be enough to save them or their brand.

Uber is engaging into illegally in our country in past few days due to drivres registration.  Though the service were very good and really convenient for the passengers to use Uber , they should fix the iaaue first and if ever they will use btc they must implement a proper rules and know the  outcome of it. There's lot to settle before it can happen.

I agree with you . Bitcoin is interested in many countries and is developing this model to suit life. I think Uber will be a pioneer in this and apply Bitcoin in everyday life and will be more convenient

Although being the CEO and an enthusiasts, there is a prospect in that regard but at the same time, he is not the board because decisions like that are not mere structural changes that could be at the volition of the CEO but accepting a new form of current y is surely going to need the approval of the board to go through with it which is something that might delay beyond measure

In my country, Uber is being attacked constantly by the taxi drivers because they hate the competition that Uber is giving them. I never understood why taxi drivers must be approved by the state. Why not let a market develop? if you need an ID to drive, that is enough safety. You ask the Uber driver for his personal ID and also his driving license and that is enough information to confirm that he isn't a scammer with stolen information.

It is similar to bitcoin competing against state approved only money.

That's good news for the community and that's welcome news for people and if I remember correctly there was a thread out here which said Uber accepts Bitcoin in one of the country, I have forgotten the name but the article came right after its ex charhiman was removed, maybe they were already planning this. If Uber does decides to adopt it, will be huge for Bitcoin industry.

There is a big recent news about UBER here in our country. We preferred it over grab and taxis. It is a good thing that the UBER's new CEO is a Bitcoin fan. I hope that they will take into consderation using Bitcoin as a mode of payment when riding UBER cars. It will be more convenient for us.

Stop and take that tinfoil hat off. The FBI and CIA already is tracking you well without the need for Uber. If you want to start protecting your privacy in the age of the internet, you can start by going offline and live like a hermit.

I believe that in the future Uber will have no other choice but to use Bitcoin. The government in some countries have started to call for a ban on Uber. If the government orders banks to stop dealing with Uber, Bitcoin is the only clear recourse.

I assume sooner or later Uber will be issuing it's own tokens for the payments within its platform. It would make things easier.

wow this is a big news , one of fans Bitcoin become CEO Uber , i'm sure he will involve Bitcoin in the company at payment or stock of Uber Company , i can not wait to see the Uber developments after being in Mr Dara Khosrowshahi hands ..

This is good news but i still think paying uber with BTC is still a waste of investment since you have to pay transaction fee each time you pay UBER.

That's it. This is not an ordinary decision for Uber as they might suffer a loss if they decide to accept Bitcoin as a payment method because it is volatile in terms of price. I believe most of the companies are worried about the price volatility and hence they are keeping themselves on the wait and watch mode.

Not just Uber but any multinational company is looking to adopt new technology which could save their cost but when it comes to the cryptocurrencies, it is still in beta phase so it will take some time for these giants to actively support Bitcoin as a payment method.

The new CEO of Uber a bitcoin enthusiast is a good news. This might lead to an addition of bitcoin to the current services. In the past in similar manner Expedia started to accept bitcoin as a payment and in a short the service was stopped. This happened, because they didn't get profit through it as expected. If there is no perfect plan, then the same might happen with Uber.

I think a possibility of pay for a ride by Bitcoins will not be able in the near future. Maybe in 5-7 years.

And how will this be realized?
I understand when we add our credit card to our uber account, and they withdraw money from her later.

But we can not add bitcoin wallet to the account.

How will this work?

Most likely you can be credited to your account bitcoin, and specify that for the trip the money is taken from your uber account.

i love to heard about it, but... uber driver in my country maybe not "daily" tech user, even for using phone for uber they need some training in 1-2 month, still after few train they still confuse about the app, so yeah not really hype about this one  :P but still this good news, especially Singapore, Japan, and Korean. They really accept any latest tech update  :D

Though Dara Khosrowshahi is a crypto currency fan, it doesn't mean he will be able to implement the BTC payment worldwide for Uber users. The payment procedure depends on the local law and the financial regulation - I don't think you should be much enthusiastic about this.

Oh… a bitcoin fan you said? That’s  really nice,  and you expect them to start issuing  out a tokens ?  Man that’s  really crazy. Do you think the CEO will just come up with decision like that,  without letting the board of directors know about it ?

Don’t  you know there are people that makes decisions in the company and not just the CEO, and these people might as well not be bitcoin fans.

I am not directly saying that uber will implement bitcoin as is but the idea of bitcoin may give them ideas to implement a coin or a new cryptocurrency coin exclusively to UBER to support the payment method.
This is an open opportunity for them to expand more and attract more users, i think UBER will not just stay as is to their services and they might open other type of business which can make their coin( if they will make one) more exclusive.

There is a great possibility that this might happen. Without the support of other seniors, it is not possible for CEO alone to take such big actions. Nobody can risk the grudge of his employees and other colleagues. Also, if Uber has accepted bitcoins that implies, many of them are already in love with bitcoins.

Good news! Just the fact that there would be a "bitcoin accepted here" sign inside of the uber would be a good thing. Many people would look that up.

I see paypal accepted here signs on a lot of places and people have commented sometimes asking what it is(i am nosey and listen to conversations sometimes, hah!).

Will be cool! Uber is an innovation and people who use them would be more likely to check out bitcoin as an innovation.

Exactly. I personally would love for Uber to do this, simply because it would make my life a little easier from time to time (actually its still easier to use a Shift card). But it should be inside the app, as a payment option. Bitcoin without a payment portal (coinbase, bitpay) is a cumbersome thing, and anything more cumbersome that a card swipe is not going to be favored, if just for the sake of speed.

Placing signs in the cars might make more people aware of bitcoin, but wont necessarily fuel adoption. Knowing about bitcoin isnt the same as actually having bitcoin. And people that buy bitcoin (new adopters) arent looking to spend it; they are holding to speculate.

But like I said, this would be great for those that already have bitcoin, and use Uber frequently.

But Uber comes out with their internal wallet and you need to deposit some bitcoins in their wallet and use them whenever you want it without any charges. That means you need to pay transaction fee only one time when you load your account after that no fee. This method needs you to deposit your Bitcoin to their site first and some people may not like this method.

IF people want to protect their privacy by using bitcoin instead of paypal, then i think that fee is still worth it. Of course it is quite absurd for anyone to pay $5 extra on their trip if they have paypal anyways, but imo this is just giving people more room to choose from.

If bitcoiners don't have paypal or debit card funds, then they can just pay via bitcoin.

Uber's CEO ran expedia before which also accepted bitcoin, so i'm really confident in saying that we'll see some sort of BTC integration with uber soon.

Well true, maybe soon we will able to travel with the use of bitciin if you lack of paper money where you will. I think it is a good idea where in a fan of bitcoin may share its capabilities to the field where he is, maybe soon if that happened different company may be used into it then soon be a fan also of bitcoin.

That's a good news. It's so interesting. Now they can be eligible payment with bitcoin. If they eligible it than it will be great.

this is great news, hopefully we can pay bitcoins, whenever we ride uber and not just give bitcoin as a tip. no wonder uber has the guts to pay its case in my country, in case you haven't heard uber had some trouble here in the philippines and they had paid a fine of almost 200 million pesos, if the new ceo has a lot of bitcoins in his hands or if uber itself is being backed up the their bitcoins, no wonder their business easily fluorished and they are helping a lit of people to earn extra or to have a career with uber. i think the new ceo will innovate more and provide jobs to many, if they accept bitcoin as payment, it is safe to say that they will also pay their drivers with bitcoin, and hopefully by that time, i'm an uber driver and will definitely accept bitcoin as payment.

I do not know if it was grab or uber that I saw a lady paying bitcoin in New York.  She paid her fare at that taxi with bitcoin through a third party.  If that is the case then perhaps there is a possibility that bitcoin will be used as payment for a ride.  But I will not use my bitcoin for this one.

who really know the value of bitcoin will not tend to use it for a ride , anyway i will not to

Being a fan doesn't means that the CEO of uber will just implement an ICO in just one snap.  It may happen but some of the posters here post without thinking logically. For me, in my humble opinionUBER's  CEO might  create a coin for uber services but it will not happen anytime soon.

this is good news, uber is one of the major transportation companies in the world. uber is everywhere around the world. in my country uber is also exists. hopefully uber soon accepted payment via bitcoin

I think that's a good thing. just imagine if UBER now uses bitcoin. I think it will be more practical and efficient. and with that will more and more people will know about bitcoin.

Freedom from countries,central and regular banks.and all fascist organisations.this is actually good news,in hopping user will be worldwide soon like bitcoin.this would definitely be interesting for uber , well see how this plays out , time will tell.

CEO takes all the major decisions for the company. Hence, Uber CEO's interest in Bitcoin will definitely bring a positive change and Uber might start accepting Bitcoin as a payment soon. This would be a huge step in creating awareness about Bitcoin as Uber is an international company and if it starts accepting Bitcoin, awareness will automatically increase as Uber will work as an advertising vehicle and then in turn demand will increase.

good news about bitcoin, the ceo of the popular transportation uber are like to adopt the bitcoin, the proof bitcoin is now a famous and continue the popularization in the cryptoworld as decentralzed currency, another achievement of bitcoin if the uber accept as fare fee of the passenger.

Well that's a good news why? If the CEO implemented that bitcoin will accept on uber it will more convienient to some users who bitcoin but on the other hand, it could cause delays because of waiting for minutes or sometimes hours just confirm a transaction.

I am yet not sure  how you are so sure that the lady was paying in bitcoin  ::) bitcoin can be used as a mode of payment if they start accepting it ,other than that it is not at all possible and from what i understand they have not taken any steps to start accepting bitcoin at this moment,the current CEO does like bitcoin does not mean that he will start accepting it for the rides.

We receive several news saying Uber will accept bitcoin, but this is not a simple event that CEO can decide instantly. The legal situation of Uber is being debated in some countries. And the legal aspect of accepting bitcoin will cause some proflems for Uber in those countries.

This would be huge!

Companies like Uber and Amazon adopting Bitcoin would completely change the landscape of crypto. If Uber accepted Bitcoin just imagine the kind of taxi driver to passenger gossip that would spread like wildfire. The price of Bitcoin would skyrocket even more.

Wow, I think I am underestimating Bitcoin moreso than I thought. There are just so many opportunities for adoption increases & huge price jumps.

This is a good publicity free of charge just like bill gates and many more tech superstars, these personalities have excellent credibility which will reciprocates with products or services that they are endorsing, in this case bitcoin.

First this is a good publicity since he along with bill gates and other prominent tech personalities have a very good credentials which build up bitcoin, Secondly, as the new  CEO of uber, bitcoin may actually be use as a new method of payment.