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Book Your Next Uber Ride By Spending Shiba Inu Coins

Book Your Next Uber Ride By Spending Shiba Inu Coins

Kavya Barua

Kavya Barua is a voracious learner captivated by crypto and Fintech breakthroughs. Graduated from the University of Delhi's B.A (Hons) English program at Janki Devi Memorial College. She desires to be a successful professional with a strong interest in learning and accomplishing outcomes.

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Dara Khosrowshahi, the CEO of Uber Technologies Inc said in an interview with Bloomberg that the firm is ready to accept Shiba Inu coins and other cryptocurrencies as a payment mechanism “at some point” in coming days.

Uber Will Soon Accept Shiba Inu Coins & Other Cryptocurrencies 

According to CEO Dara Khosrowshahi, accepting Bitcoin, Shiba Inu and other cryptocurrencies as a payment option is definitely on the cards for the ride-hailing and meal delivery firm Uber, which will soon allow its passengers and diners to pay in cryptocurrency. 

The firm has been considering crypto as a payment option for some time but hasn’t said how long it will take to add Bitcoin as a payment option on its app for booking taxis or ordering meals online.

“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.”  

Dara Khosrowshahi, CEO of Uber Technologies Inc.

Internal conversations regarding cryptocurrencies have been happening “all the time” inside the organisation. Uber is one of the world’s most popular service provider under mobility and food, allowing people to book taxi rides and purchase meals online, among other things.

How Is Shiba Inu Gaining Popularity Throughout the World?

Blockchain and cryptocurrency are two of the world’s hottest topics that are gaining traction all the time. Whether for investment or fun, it is definite that a rising number of people are getting infatuated towards cryptocurrencies.

Shiba Inu (SHIB) has emerged as the most popular cryptocurrency among crypto fans in India and throughout the world. A few days back, the SHIBA community reached a new milestone of 2.8 million followers on Twitter. SHIB token is the cryptocurrency that surpassed Bitcoin trading in India.

Shiba Inu founders recently announced the entry of the Dogecoin-killer into the metaverse, ‘Shiberse;’ to compete with other metaverse tokens like Axie Infinity (AXS), Sandbox (SAND); and Decentraland (MANA).

Individual and institutional investors have consistently poured money into metaverse enterprises such as Decentraland. Shiberse may see a rise in demand for Shiba ecosystem assets with Shiba Inu’s metaverse launch.

Analysts have assessed the Shiba Inu price trend and forecast that the meme currency would increase further. Retail investors are already driven towards SHIB due to the coin’s one-time good gains in the past.

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