Uber is exploring the use of stablecoins as a means to make international payments more efficient and cost-effective.
According to CEO Dara Khosrowshahi, the company is in the early stages of studying how these digital currencies might help streamline cross-border transactions.
Speaking at the Bloomberg Tech Summit on June 5, Khosrowshahi said that Uber is “definitely going to take a look” at stablecoins. He noted that they offer a practical use case for cryptocurrency beyond being just an investment.
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According to him, stablecoins could help global companies like Uber manage international payments with fewer fees and delays.
Khosrowshahi said stablecoins are “super interesting” to Uber. He explained that using stablecoins might help the company lower the cost of sending payments between different parts of the world, including driver payouts, supplier payments, and other operational costs.
He also referred to Bitcoin
$105,266.97
as a “proven commodity” but pointed out that people have different views about where its price is heading. In contrast, he believes stablecoins could offer a more practical tool for everyday business needs.
Stablecoins are digital assets designed to maintain a stable value, usually tied to traditional currencies like the US dollar. This makes them easier to use for payments than other cryptocurrencies, which often have unpredictable prices.
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Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
