tldr; Uber CEO Dara Khosrowshahi revealed at the Bloomberg Tech conference that the company is exploring dollar-pegged stablecoins for faster settlements and reduced foreign exchange costs across its global operations. Stablecoins could streamline payments and lower costs in regions with slow or expensive banking systems. Uber is assessing operational, regulatory, and technical factors before proceeding, emphasizing compliance and consumer protection. The initiative remains exploratory, with no plans to hold crypto on its balance sheet.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
mbate2305 on
and you wonder why circles IPO was sold out..
MichaelAischmann on
Things become more efficient with crypto. Who would have thought.
doodaddy64 on
so, I guess, Visa charges are more than stablecoin’s?
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tldr; Uber CEO Dara Khosrowshahi revealed at the Bloomberg Tech conference that the company is exploring dollar-pegged stablecoins for faster settlements and reduced foreign exchange costs across its global operations. Stablecoins could streamline payments and lower costs in regions with slow or expensive banking systems. Uber is assessing operational, regulatory, and technical factors before proceeding, emphasizing compliance and consumer protection. The initiative remains exploratory, with no plans to hold crypto on its balance sheet.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
and you wonder why circles IPO was sold out..
Things become more efficient with crypto. Who would have thought.
so, I guess, Visa charges are more than stablecoin’s?