Uber XEM Stablecoin to Reduce Global Payment Costs

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CEO Dara Khosrowshahi reveals that Uber is studying the use of stablecoin for cross-border payments, calling Bitcoin a "proven commodity".

At the Bloomberg Tech conference held in San Francisco on June 5, Uber CEO Dara Khosrowshahi revealed that the company is actively researching the potential application of stablecoin as a potential payment method. This move reflects the increasing trend of multinational corporations seeking more efficient payment solutions based on blockchain technology.

Khosrowshahi emphasized the practical benefits of stablecoin, especially in the context of Uber operating in many countries worldwide. "We are still in the research phase," he said, pointing out that global corporations like Uber could significantly benefit from reducing cross-border payment costs through this technology.

Regarding Bitcoin, the Uber CEO has a cautious but positive view, noting that despite different perspectives on the world's largest digital asset, Bitcoin has become "a proven commodity". However, he believes that stablecoin offers higher practical applicability for multinational businesses.

Blockchain Trend in Corporate Payments

Khosrowshahi's statement reflects the growing interest of multinational corporations in blockchain-based payment infrastructure. Large businesses are seeking to simplify operations and reduce financial friction in global operations through the adoption of new technologies.

For Uber, researching stablecoin is particularly important due to the nature of the company's operations. With a network of drivers and partners spread across continents, Uber frequently handles complex cross-border payment transactions. Stablecoin could help significantly reduce currency conversion costs and transaction processing time.

These comments are also in the context of the entire tech industry actively examining the role of digital assets in daily transactions, especially in the transportation and delivery sectors - Uber's core service areas. Adopting stablecoin could open up new opportunities for Uber to improve payment experiences for both drivers and customers, while optimizing the company's global value chain.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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