Uber Considers Integrating Stablecoin Payments to Reduce Costs

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2 days ago
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Uber considers integrating stablecoin payment to reduce costs

Uber's CEO, Mr. Dara Khosrowshahi, recently revealed that the company is planning to integrate Bit and other cryptocurrencies as an official payment method in the future.

According to him, this is part of a long-term strategy to diversify Uber's payment methods, providing customers with more flexible options when using services such as ride-hailing, food delivery through Uber Eats, or cargo transportation. Adding cryptocurrencies to the payment system not only enhances user experience but also aligns with the global trend in financial technology and digital payment.

According to Khosrowshahi's sharing, Uber currently has no plans to directly invest in or hold cryptocurrency assets like Bit, ETH, or other altcoins. Instead, the company is focusing on deploying payment gateways that support cryptocurrencies to serve the increasingly high demand from users, especially young customers and markets where cryptocurrencies are becoming more popular.

He also affirmed that not investing in or storing cryptocurrencies helps Uber avoid price volatility risks and ensures stability for the company's internal financial system, while still leveraging the benefits of the growing global crypto usage trend.

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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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