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
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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