Tag Archives: ridesharing

Got Bitcoin? Uber CEO Says Ride-Sharing App Could Accept Crypto in Future if These Conditions Are Met

The head of the world’s leading rideshare company says it’s likely they’ll accept cryptocurrencies as payments down the road.

In a new Bloomberg interview, Uber CEO Dara Khosrowshahi tells host Emily Chang that two big factors are preventing him from approving digital assets to cover the cost of fares and food delivery.

“It definitely could [happen]. We’re having conversations all the time.

I think right now what we see with Bitcoin and some of the other cryptos, they are quite valuable as a store-of-value [but] the exchange mechanism is expensive. It’s not great for the environment.”

Khosrowshahi also says that cheaper and greener crypto transactions could drive Uber to closely consider digital assets for payments.

“As the exchange mechanism becomes less expensive, becomes more environmentally friendly, I think you will see [Uber] lean into crypto a little bit more. We’re absolutely watching it. Is Uber going to accept cryptocurrency in the future? Absolutely, at some point.” 

Exactly one year ago, Khosrowshahi said he had no plans to follow other companies like Tesla which converted some of their cash holdings into Bitcoin (BTC). He did leave open the possibility of accepting crypto assets when paying for Uber and Uber Eats.

Khosrowshahi was previously the CEO of travel booking site Expedia from 2005 to 2017.

In 2014, Expedia became one of the first businesses to accept Bitcoin after partnering with Coinbase to handle the payment processing.

Bitcoin is down 3.12% at time of writing to $42,330.

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SpaceX readies for 2nd launch this week with ridesharing mission

CAPE CANAVERAL, Fla. – After successfully launching its own payload from Florida earlier this week, SpaceX is preparing another Falcon 9 rocket to liftoff with satellites from several customers, including DARPA, NASA and more of its own Starlink satellites.

The SpaceX rideshare mission includes government and private customer payloads as well as a dozen smaller nanosatellites. The rocket will lift off from Cape Canaveral Space Force Station Launch Complex 40. The launch window opens at Saturday at 9:40 a.m. It was delayed from Friday morning.

The mission, known as Transporter-1, also includes a somewhat last-minute addition of 10 Starlink satellites, after receiving Federal Communications Commission approval earlier this month to include those.

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According to the 45th Space Wing forecast, the current concern for the launch window will be thick cloud cover. Space Force forecasters are giving the launch window a 60% chance of favorable weather. A front will be bringing showers to the Space Coast Saturday morning.

After launch, the Falcon 9 will head south toward polar orbit, a rare trajectory sending the rocket down Florida’s coast. Due to the unusual path SpaceX’s droneship, Of Course I Still Love You, won’t be north of the launch site waiting to catch the rocket booster but due south in the Atlantic Ocean.

Earlier in the week, another Falcon 9 launched 60 Starlink internet-beaming satellites from Cape Canaveral Space Force Station. The successful delivery to low-Earth orbit was the 17th batch part of SpaceX’s constellation designed to provide global internet to even remote areas of the world. There were nearly 1,000 Starlink satellites already in orbit.

SpaceX plans to continue to grow that constellation this year with launches every other week.

Meanwhile in Texas, SpaceX teams are working toward another test flight of the company’s interplanetary spaceship undergoing development at the Boca Chica site. The most recent flight of Starship wowed online viewers all over the world when the spaceship prototype launched, performed an aerial flip and came down for an explosive landing.

This weekend’s launch will mark the third for SpaceX this year.


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