The good thing about crypto is that we can not just invest in this but we can also use it for payment for various goods and services. As of now, this use case is limited however there are countries having a bunch of options and some of them are exploring the possibilities with crypto payment. This also applied to companies and well-known brands who are also doing the deep dive in crypto to see how can they start accepting it. This was to happen because the global crypto ecosystem is growing and its so big that no country can either control or stop it because its nature is decentralized. The government can ban crypto in the country but if they do then for sure they will have to bear the loss because of this wrong move.
Coming back to crypto adoption, we need to have many brands start accepting crypto and it will contribute to the real-life use case with this, we can expect tremendous growth. India has recently started crypto talk through its annual budget for 2022 and it has surely given hope to many investors across the country that govt is exploring the best possible option with this new technology.
There is good news coming from the uber side and as per the latest update, Uber is planning to accept crypto as the payment option in their app. This has been shared by the Uber CEO Dara Khosrowshahi mentioned it however he did not confirm any timeline. This shows that the company is exploring crypto and bitcoin and since this company itself is technology-driven so it will not be a surprise if we can see them launching their own tokens/NFT in the future.
Uber had 118 million monthly active platform consumers (MAPC) across the platform at the end of the fourth quarter, compared to 93 million a year ago, up 27%. Trips taken were up 23% to 1.8 billion.
Uber is a global brand that has a worldwide presence and this company also has a huge user database like Paypal. If their 10% of users will start paying through crypto then it will contribute to the significant increase in the real-life use case and also onboard many new people on the ecosystem. This type of revolution is certainly needed in crypto and once one company starts then its obvious that the trend will be followed and the 100k USD mark will be nothing for bitcoin.
Even in India Paytm has shared sometime back that if the government brings regulation then they will add crypto on their platform and now since govt has talked about crypto in the open so it is expected that regulations will also come. Once we get regulation in place then platforms like Paytm and similar fintech companies will join the crypto recoltion.
As of now its great to know that uber has shared its crypto interest in media so in the future we will be able to pay for taxi rides using crypto.
Thank you so much
