Stablecoins Could Slash Uber’s Payment Costs

Reading time: < 1 minute

Uber’s exploration of stablecoin payments centers on one key advantage: reducing the substantial costs of moving money across borders.

CEO Dara Khosrowshahi highlighted this financial benefit at the Bloomberg Tech Summit, calling stablecoins “super interesting” for their practical utility compared to other cryptocurrencies.

While stopping short of announcing concrete plans, Khosrowshahi confirmed Uber is seriously studying integration for its global platform.

The comments build on his 2021 openness to crypto payments, though he reiterated Uber has no intention of adding Bitcoin to corporate reserves.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.