Uber CEO says app will accept cryptocurrency 'at some point'

Uber (NYSE:UBER) CEO Dara Khosrowshahi on Friday said his company will accept cryptocurrency "at some point" in the future, he told Bloomberg Television in an interview. Meanwhile, the cost of exchanges, which can carry high transaction fees, and the environmental impact of crypto mining on the energy grid are a couple reasons why Uber (UBER) has not yet implemented the decentralized tech, Khosrowshahi explained to Bloomberg. “We’re having conversations all the time,” Khosrowshahi told Bloomberg. “As the exchange mechanism becomes less expensive and becomes more environmentally friendly, I think you will see us leaning into crypto a little bit more.” Uber (UBER) would join a raft of big tech firms that have either direct or indirect exposure to crypto, including: Microsoft (NASDAQ:MSFT), PayPal (NASDAQ:PYPL), Overstock.com (NASDAQ:OSTK), Etsy (NASDAQ:ETSY), and Newegg (NASDAQ:NEGG). Speaking of digital assets, bitcoin (BTC-USD -3.9%) edges lower to $43.5K per token and ethereum (ETH-USD -3.8%) slides to $3.1K.