This could be a cool step for Uber, and it's definitely something to watch out for. What do you think about this idea?
With its lower volatility, cheap transaction fees, speed, etc, adopting stablecoins might be a good step for the company. Giving customers alternative payment options will increase their customer base and also promote crypto adoption. Trans border transactions could also be cheaper, thereby reducing the operational cost of the company.
It will help with the adoption for sure, but there will be lot of regulatory issues to implement it because almost every government categorizes crypto as a digital asset rather than a currency so it is gonna be a lot of paperwork for the company to make it possible. This is why we need policies that supports and encourage the crypto payments not just for taxation then business will adopt the payment system so more payments that leads to more tax for the governments.
The EU have a comprehensive regulatory framework under Markets in Crypto-Assets laws that covers how digital assets and stablecoins are used within member states. So Uber wouldn't have many issues adopting this policy in the EU. A company like Uber has lots of professionals on its payroll; hence, paperwork will not be an impediment.