Uber CEO Khosrowashahi made a statement about Bitcoin
Khosrowashahi, Uber's CFO, has taken a positive view of the adoption of Bitcoin. He noted that this could be a possibility in the future, “when it becomes eco-friendly and cheaper to exchange.” This statement indicates that Uber is considering the current environmental impact and transaction costs associated with these cryptoassets. It also highlights its cautious approach towards the adoption of cryptocurrencies.
A major concern surrounding Bitcoin is energy consumption during transactions. Critics often point out that the mining and transaction verification process in Blockchain requires a significant amount of computational power, resulting in high energy consumption. However, it is argued that new technologies such as the Bitcoin Lightning Network significantly increase the energy efficiency of Bitcoin transactions.
Khosrowashahi's statement suggests that Uber's stance towards the adoption of Bitcoin may change. A more positive environment for Bitcoin adoption could be created in the future if the company continues to develop Bitcoin technology to reduce its environmental impact and lower transaction costs.
