Will Uber And Airbnb Enable Bitcoin Payments?

Why haven't Uber and Airbnb enabled bitcoin payments yet? Bitcoin would eliminate processing and conversion fees for all their international transactions. But the market of bitcoin-paying customers isn't big enough yet. It took fifteen years to centralize the Web, it will take fifteen to twenty years to re-decentralize it. The risks and difficulty of adopting bitcoin as a payment option means they won't be doing it anytime soon, but they may do it as a marketing gimmick.

Wouldn’t be in the Uber and AirBnb interest to enable Bitcoin payments because then they don’t have to pay few percent to card processing company? Especially AirBnb because they have so many transactions internationally and they have to pay so many fees.

Honestly, it’s not a big enough market yet. There aren’t enough people with the ability to have bitcoin or to earn bitcoin or to convert into bitcoin to make it worthwhile for any of these companies.

I’m looking at this from a much longer perspective. It took 15 years to centralize the web, and it will take another 20 to 30 to re-decentralize it. We have the potential to do that for web 3.0.

In the meantime I don’t expect companies to start accepting Bitcoin soon. For them, the risks and the difficulty they would face with adopting something like that, probably outweigh any of the benefits.

They might do it as a marketing gimmick policy… but you know, it might start raising the question among users of what exactly they paying twenty or whatever percent for?!

Putting the bitcoin logo instead of the credit card logo would sound fishy if nothing else. Even bitcoin users don’t like to see that.

I tried to persuade drivers in the past to take tips in Bitcoin, and my argument was: You will ride around with this barcode on your dash for the next six months, and no one will know what it is. But then one day… someone will get in to your car, and he’s going to look at that bar code and he will go nuts saying “What, you take bitcoin??!! And then you will going to receive from that dude the biggest tip you’ve ever received, because that’s what the community is like, right?

Like imagine you get it to an Uber, you see a bar code for Bitcoin, first of all you’re going to be like really excited and you’re going to be discussing that for the rest of the ride… but when you leave, you’re going to give them a bigger tip that you ever gave them. I certainly would.

So that was my sales pitch: One to six months, unicorn Bitcoin user who will make a whole payback for the one sheet of paper you used to print bar code on.

Guess how many did it? No one. Because you can’t force the adoption. It needs to happen by itself. Slowly and gradually, then faster than you have ever seen.


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Satoshi Nakamoto

We developed bitcoin. This post is derivated from aantoop yt video with same headline under cc by license.

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