06 Jul '16, 1pm

via @feeonline

The Argentinian subsidiary of international ridesharing giant Uber is turning to bitcoin amid what has been described as a crackdown by local authorities on its operations. Bitcoin industry startup Xapo told CoinDesk today that is has entered a partnership with Uber that allows the company to accept its bitcoin debit cards , and for users to use the payment option when traveling domestically or abroad. First revealed in a tweet by Uber Argentina this weekend, the action is the latest in an escalation between law enforcement and the Silicon Valley startup that centers on whether Uber is properly incorporated in the South American country, or acted illegally in launching its product in the country. To date, the dispute has seen police raid the homes of individuals suspected to be connected with the company, as well as actions taken against domestic payments providers to prev...

Full article: https://fee.org/articles/uber-argentina-turns-to-bitcoin-...

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