Bitcoin Forum
November 24, 2017, 06:57:03 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2017-08-31] Uber Gets Early Bitcoin Advocate As New CEO  (Read 4356 times)
gokayc
Sr. Member
****
Offline Offline

Activity: 280


Bountie- Do You Have Game?


View Profile
September 01, 2017, 07:08:39 AM
 #1



An early Bitcoin advocate

Dara Khosrowshahi, who became the CEO of Expedia in 2005, is seen to be an inspired choice for the job of Uber CEO.

He built Expedia into one of the world's leading travel and technology companies.

Expedia had announced that it would accept Bitcoin as a means of payment in 2014, which made it one of the earliest companies to accept Bitcoin as a means of payment.

In 2014, Bitcoin was yet to become an established means of payment. The Mt.Gox fueled bubble of 2013 and the subsequent crash had made companies wary of Bitcoin.

While it was possible to book air tickets using niche Bitcoin players like CheapAir and BTC trip, mainstream companies largely ignored Bitcoin. Expedia though took a brave decision to accept Bitcoins and other companies ranging from Dell to Rakuten joined the bandwagon.
Natural fit

Bitcoin enthusiasts have always felt that Uber and Bitcoin had a natural fit and it was strange that Uber was resisting the adoption of Bitcoin as a payment method.

Uber was started in 2009 (a year after Bitcoin was created) and has grown to become a global behemoth. Uber operates in multiple geographies and is dependent on credit card processors for a majority of its payments.

If you use your credit card while traveling in Uber in a foreign country, you will incur a host of charges including charges for international usage, currency mark up, etc.

If Bitcoin were accepted, all these could be avoided.
Uber not new to Bitcoin

While Uber does not directly accept Bitcoin in its ride hailing app, users have been able to use payment processors like Coinbase to pay for rides using Bitcoin in the past.

Uber had also switched to accepting Bitcoin (through Xapo and other debit cards) in Argentina after the government decided to ban the app and asked local credit card processors not to service it.

There have been periodic rumors in the past about Uber planning to accept Bitcoin, but the company has been quick to squash them.
Uber’s worries

Adding Bitcoin as a payment option would not result in significant addition of new customers to Uber, given that Uber already has significant penetration in its existing markets.

It would only be a symbolic gesture to indicate support to the crypto community and to keep payment processors on their toes.

Dara has far bigger problems to worry about at Uber, more particularly allegations of a culture which supported gender discrimination and sexual harassment.

https://cointelegraph.com/news/uber-gets-early-bitcoin-advocate-as-new-ceo

1511549823
Hero Member
*
Offline Offline

Posts: 1511549823

View Profile Personal Message (Offline)

Ignore
1511549823
Reply with quote  #2

1511549823
Report to moderator
1511549823
Hero Member
*
Offline Offline

Posts: 1511549823

View Profile Personal Message (Offline)

Ignore
1511549823
Reply with quote  #2

1511549823
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511549823
Hero Member
*
Offline Offline

Posts: 1511549823

View Profile Personal Message (Offline)

Ignore
1511549823
Reply with quote  #2

1511549823
Report to moderator
1511549823
Hero Member
*
Offline Offline

Posts: 1511549823

View Profile Personal Message (Offline)

Ignore
1511549823
Reply with quote  #2

1511549823
Report to moderator
Solve.Care
Jr. Member
*
Offline Offline

Activity: 57


View Profile
September 02, 2017, 01:26:53 PM
 #2

Nice try of a new CEO. Experience and background of Khosrowshahi in finance make him able to popularize digital currency in the ride-sharing industry.

Healthcare platform on Blockchain
Solve.Care
Early Adopter Sale. 20% discount
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!