Bitcoin Builder created a business account on the Uber network, which allows the company to display itself as a payment method on the Uber mobile app.
Users are required to use the Bitcoin Builder multi-sig wallet to associate it with the company’s Uber business account. After the activation, users will see Bitcoin Builder as a payment option on the Select payment section of the Uber mobile application.
The service works everywhere Uber works, even in countries like India, where credit card penetration is below 2%. According to a report published by The Hindu Business Line, the number of credit cards stood at 21 million by 2014-15. Currently, Uber does not accept debit cards in the country. Uber India takes Paytm, a centralized payment network in India for its local users. But now, Bitcoin Builder’s Bitcoin-to-Uber service will give many in India that do not own credit cards or bank accounts an option to pay for the service in another way.
If a user decides to stop using the service of Bitcoin Builder or if Uber decides to cancel the company’s business account, Bitcoin Builder will refund the remaining balance instantly via Bitcoin.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now