Well still on process mate because the president will send to congress first before the congress either approve or not so there are no assurance that it will happen .

But if then so UBER will make it happen because they are accepting payments online and bitcoin is one of the fastest in transacting .

IMO it's not only UBER will accept Bitcoin, but also other service/company in El Salvador will start accept it especially people often transactions using Bitcoin payment. Of course as a first country who legalizing Bitcoin as a legal tender, we will see what will happen soon whether it's bring a positive or negative news about the country. It's a early start from Bitcoin going to mass adoption.

The bill has been passed with super majority in El Salvador congress session giving btc status of legal tender so uber will also have to accept Bitcoin because it is legal payment system there.The customer can make transactions like in fiat via btc also so uber won't be having any issues co-operating with this decision.Moreover there was one past statement from Uber CEO


They are themselves planning on to add btc as payment option apart from cash,card or uber pay so this won't be an issue until the customer who wants to book a cab is not willing to pay btc because of fees or any other issue.

What do you think about how popular it is to pay with BTC and then wait for the transaction to be confirmed? It should be clear to everyone that paying with BTC is not instant (except in the case of LN), and that most have no idea what a mempool is and how to determine the appropriate fee at a given time.

uber can be said to charge quite high fees for customers, and drivers, if el salvador had legalized bitcoin in their country I think uber should automatically accept bitcoins, if uber doesn't accept bitcoin as payment I think uber will have a lot of problems, and has many challenges.

That's very possible. But they have to use a third party if they decide to avoid the volatility that will be paid by their customers. It's easy for them to use it and accept bitcoin because it will convert automatically to their preferred payment.

Oh that's great mate , I stand to be corrected and so proud about for the very first time there is a Country that declares Bitcoin as Legal tender in which being denied for how many years now.

Congrats El Salvador.

I think it's too early to talk about such things, because everything in El Salvador is still just an idea or a proposal to happen. Just because the president wants to do something like that doesn't mean their senate will approve it.

In my opinion, it may take some time for things to settle down there, as mentioned at the Bitcoin Miami 2021 event.

If my memory serves me right, I saw an interview of the CEO of Uber saying that they are not going to accept crypto as payment method months ago. But we don't know, maybe his stance will change since almost every industry might accept crypto or bitcoin in the future.

So it's going to be complicated in El Salvador, maybe they will have to convert their fiat-crypto first before using Uber. Just like the rest of us is doing right now.

Legit nation adoption for Bitcoin in El Salvador is great and a big achievement undoubtedly. It is good news but people should not feel too exciting with it.

To become a massive adoption and most favorite payment option for daily expenses, Bitcoin has a long adventure to go. Lightning network can be a good solution in the future, fast and cheap transactions for small payments but at this moment, it is not popular.

Companies if have intention to adopt such payments, will need to build up their infrastructures as well. It takes long time.