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Awesome, and works very smoothly. I really hope that uber won't ban it. Or even better, I really hope that uber would implement a system where you would be able
by jerguismi 11y ago
Awesome, and works very smoothly. I really hope that uber won't ban it. Or even better, I really hope that uber would implement a system where you would be able to convert bitcoins directly to uber credit :)
- ljk 11y agois there a reason why uber would want to ban it?
- jerguismi 11y agoJust FYI, Uber removed bitcoinbuilders account couple of days ago. So, it was too good to be true...
- jerguismi 11y agoRegulation, KYC/AML laws. Brand/image reasons. I don't know.
- josu 11y agoKYC/AML law only apply to financial institutions.
- aianus 11y agoThat's not true. If you're, say, a car dealership and Walter White comes in with $50,000 cash looking to buy a car, you are required to file a Currency Transaction Report with the federal government.
- josu 11y agoSorry, you are totally right, I was meaning to write a longer comment mentioning the exceptions outside of the financial world.
- elif 11y agoI can think of two cases. - the first time there was a confusing instance of chargeback/dispute resolution.. it's easier to say "this is a TOS violation" than to "figure it out" - if the total amount coming from this account makes different taxes/regulations apply that aren't beneficial to uber
- ljk 11y agogood points, thanks!
- Rmilb 11y agoUber uses Braintree for payment processing[1]. Braintree already has integration with Coinbase[2]. I assume that bitcoin transfers being push (instead of pull like credit cards) is the reason they haven't activated it. 1. https://www.braintreepayments.com/case-studies/uber https://www.braintreepayments.com/case-studies/uber 2. https://www.braintreepayments.com/features/coinbase https://www.braintreepayments.com/features/coinbase
- jerguismi 11y agoUber already has "uber credit" system, for example promotions where you get $10 in your uber account. They could very trivially just add option, where you could add uber credit to your account with bitcoin (or any other push-only payment method, for example cash via coupons).
- aarkling 11y agoYeah but that goes against their "press a button for a taxi" philosophy.
- aarkling 11y agoCorrect me if I'm wrong but I believe you can make pulls from coinable wallets provided you have enough money in there.