Uber Now Accepts Crypto
The first of many headline stories on cryptocurrency adoption is currently taking place. The company that will soon be capable of accepting cryptocurrency is Uber, thanks to Coinbase. Uber, the innovative company that disrupted the taxi industry has 2 pieces of news that might make you salivate if you’re already a crypto enthusiast; through commerce enabled by Coinbase, Uber will in a roundabout gift card way, be capable of accepting cryptocurrency as a form of payment AND Oscar Salazar one of the co-founders of Uber is ambitiously founding a new fee-free cryptocurrency exchange called Voyager.
Uber currently has around 40 million monthly active users. Enabling cryptocurrency payments should boost the overall number of users for Uber as well as cryptocurrencies in general. For crypto, this should add a nice firm backbone for mainstream confidence in blockchain payment systems which up until recently have not been accepted as a form of payment by most companies. Another company Coinbase has recently announced plans to facilitate crypto commerce for is Nike. Here is a list of a few companies that either currently accept cryptocurrency payments or have announced plans to do so in the near future (according to 99Bitcoins.com); Overstock.com, Microsoft, Reddit, Subway, Newegg.com, Expedia.com, Wikipedia.com, CheapAir.com, and OkCupid.
Voyager is keying in on the no-fee feature of their exchange which could create some competition for Robinhood (whenever they launch crypto trading in all states that is). The current plan for this exchange includes (initially) listing 15 of the top cryptocurrencies. Adding to the positive momentum of Voyager is the fact that their CEO Stephen Ehrlich is already well versed in the financial field as he previously founded Lightspeed Financial. Overall this should be massive for user adoption, I mean who doesn’t like the sound of no fees?
If you haven’t already, you can sign up for Uber here.
Image Source: Live Coin Watch