In a recent interview, Uber CEO Dara Khosrowshahi said her business was planning to accept stablescoins as a payment option. He seemed exclusively interested in this sector, rejecting the allegations of investing in Bitcoin.
However, this is not the first time that Khosrowshahi said that Uber could accept cryptographic payments in the near future. He was very not engaged in his statements, and there is not yet a roadmap or official chronology.
Could Uber accept stablecoins?
Uber, a popular carpooling application, has shown repeated interest in blockchain technology and the web3 industry. The company tried to deploy digital money several years ago, but none of its efforts stuck.
However, today’s interview shows that Uber’s CEO is still interested in such a plan, praising the advantages of Stablecoins.
“We are still in the study phase, but I think that stablecoins are one of the most interesting instance of the crypto which has a practical advantage other than the crypto as a reserve of value. The stablecoins are quite promising, in particular for global companies that move money worldwide, to create a mechanism to reduce costs,” said Khosrowshahi in an interview.
To be clear, Khosrowshahi said Uber’s interest is almost entirely in the stablecoins. He referred to the recent trend of business bitcoin acquisitions but did not seem to approve this strategy.
After all, the company has behaved well this year, and pivoting Bitcoin can transform the entire business model of a business. On the other hand, Stablecoins offers a concrete use scenario for Uber, because the company has global customers.
However, this is not the first time that Khosrowshahi has planned to accept cryptographic payments. In 2022, he said that Uber would offer this service in the near future, but he never materialized.
Nevertheless, the evaluation of Uber’s actions climbed briefly after the interview of Stablecoin. These gains have largely fell into the trade after opening hours.
All this to say, Uber has made no firm commitment concerning this stable plan. Hopefully this technology giant will join the web3 trend, giving the market for booming stables more daily use.
However, without firmer commitments, there is no clear reason to believe that Uber will implement such plans.
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