Many customers have been pressuring a number of companies in wanting them to add bitcoin and other cryptocurrency as a payment method. For companies like Uber and Airbnb it might be one of the top questions that customers are asking today.
Slowly we see that bitcoin is being added as a payment method, even more recently to websites like the eBay marketplace.
Now, Uber has also suggested that the improvements are being made to welcome paying with bitcoin, and maybe we might see other cryptocurrency possibly embraced as well for payment in the future.
According to the Uber CEO the Uber app will eventually be accepting bitcoin as a payment.
The same is being seen in real estate, in the movie market, and other areas. Slowly we can expect that more companies will also adapt with those changes too or in some sense they will be left behind in being unable to cater to the consumers who want that option. Just as some companies today still only accept cash, there will be some who will never accept cryptocurrency as a form of payment. That should always be their right, it doesn't need to be forced onto anyone for millions to still embrace and welcome it, or for cryptocurrencies to thrive.
Many have compared the technology to the early days of the internet, such as the founder of Edelman Financial Engines, Ric Edelman, who recently reiterated its importance on CNBC on ETF EDGE.
Edelman noted that bitcoin and other coins are “like the internet back 20 or 30 yrs ago" and things are still early, but many are clearly drawn already to this innovative technology for multiple reasons.
Blockchain technology is enabling businesses to be able to operate faster as Edelman and others have noted, as well as operate more affordably and with better security, among seeking other benefits.
These solutions and this value are the reason that some businesses are already welcoming blockchain technology.
Companies are looking to bitcoin payments to attract workers too, and more employees today are looking to get paid in this payment method. With the prevalence that we hear about crypto today you might think that it's everywhere and it's late to the show, but in a number of ways things are still very early for this market.
With both Airbnb and Uber signaling that there is awareness for bitcoin being accepted as a payment option, as well as support, it could only be a short matter of time before we see it implemented fully with those businesses. The timing isn't clear yet for either on when exactly this might take place.
Sources:
https://www.bloomberg.com/news/articles/2022-02-11/uber-ceo-says-app-will-eventually-accept-crypto-as-payment
https://www.cnbc.com/2022/01/13/crypto-markets-are-like-the-internet-30-years-ago-ric-edelman-says.html
https://www.ndtv.com/business/airbnb-and-crypto-payments-this-is-what-airbnb-ceo-had-to-say-on-accepting-crypto-payments-2694794