Uber, Bitcoin and Will Consider Cryptocurrency Adoption / Elon Musk Frodo Reference

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1-) Just yesterday, Twitter's announcement that it is considering buying Bitcoin, Mastercard's announcement that it will provide cryptocurrency support, General Motors' statement that it will evaluate Bitcoin acceptance, Amazon's digital currency preparation and BNY Mellon, America's most established bank. Another important news came from Uber after announcing that it would enter the Bitcoin market.

Speaking to CNBC, Uber CEO Dara Khosrowshahi said they will consider accepting Bitcoin and other cryptocurrencies from customers. Stating that they will do so if they see a benefit or need here, the CEO noted that they do not consider using Bitcoin as a reserve asset as a company.

Uber has also been a member of Facebook-led stable cryptocurrency project Diem since October 2019. Diem, previously called Libra, is also expected to be released in 2021.

2-)In his tweet, Musk said: "Frodo was the underdoge, All thought he would fail, Himself most of all," seemingly in a reference to the Lord of the Rings trilogy. Dogecoin saw only a 0.8% jump to $0.07, but it's still up 1300% year-to-date

 

Regulation and Society adoption

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