Uber is studying the use of stablecoins to improve cross-border money transfers. The company aims to reduce transaction costs and improve speed. CEO Dara Khosrowshahi confirmed the initiative during the Bloomberg Tech Summit in San Francisco. Stablecoins Gain Momentum as Global Firms Seek Efficiency Uber has identified stablecoins as a more practical alternative to traditional […]
Uber
Uber’s Bold Move: Bitcoin Payments Coming Without Crypto Risks
Key Takeaways Uber has indicated its next major step in digital transformation: accepting Bitcoin and other cryptocurrencies as a form of payment. CEO Dara Khosrowshahi confirmed that this strategic shift puts Uber on the same path as other big global firms that are slowly but surely diversifying their platforms to accommodate digital assets. The firm […]
“Uber to allow crypto payment in the near future”-CEO
US-based mobility service provider Uber might soon add crypto to their list of accepted payments options. This was revealed by Dara Khosrowshahi, CEO of Uber, who said in a Bloomberg interview that the firm would “absolutely” accept cryptocurrency in the future. According to the ride-sharing firm’s boss, customers will eventually be able to use bitcoin to pay for their […]
Uber Exec To Spearhead Ripple’s Venture Into Southeast Asian
Former Uber executive, Brooks Entwistle revealed that he was the latest member to join the Ripple family, amidst the platform’s fallout with the SEC. The ongoing tussle between Ripple and the Securities and Exchange Commission [SEC] of the United States has been showing both Ripple as well as XRP in a bad light. Categorizing XRP as […]
Uber, Most Likely To Add BTC As A Payment Method
The crypto-verse has encountered an array of mainstream platforms diving into it. Uber seems to be jumping into this bandwagon. After Tesla bought a whopping $1.5 billion worth of BTC and even added it to its balance sheet, the pressure on other mainstream platforms started to boom. Speaking to CNBC, the CEO of Uber, Dara […]
Disrupt Ride-Sharing Through the Blockchain
Decentralized Ride-sharing applications will disrupt both Uber and Lyft. If the two leading on-demand services fail to adapt, there is indeed fear of replacement. Uber and Lyft are currently not at their best and both decentralized ride-sharing services are plagued with complaints because of their lack of control over users and drivers. Last year, following […]