Uber eyes stablecoins as new payment option
Uber's CEO, Dara Khosrowshahi, disclosed that the company is thoroughly exploring the possibility of using stablecoins as a method of payment.
During his remarks at the Bloomberg Tech conference held in San Francisco on Thursday,
Khosrowshahi highlighted their potential to streamline cross-border transactions, reduce expenses, and enhance efficiency throughout Uber’s global operations.
“We’re still in the research phase,” he mentioned, indicating that international companies like Uber could benefit from decreased costs related to cross-border payments.
While he recognized the varying perspectives on bitcoin, Khosrowshahi characterized it as a “reliable asset” and stressed that stablecoins offer tangible advantages for businesses functioning in multiple regions.
This underscores a rising trend among multinational corporations to investigate blockchain-based payment methods as a means to lower costs and boost productivity.
Khosrowshahi’s statements align with broader initiatives in the technology sector to evaluate how digital currencies can facilitate everyday transactions, especially in areas such as ride-hailing and delivery, where efficient, low-cost payments are crucial.
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