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Scraped on 13/06/2025, 10:34:33 UTC
Uber's CEO, Dara Khosrowshahi, is thinking about adding stablecoins as a payment option. The company is still in a study phase and this could be a big deal for simplifying global payments and cutting down on fees. Here's the breakdown :
1. Uber's not planning to invest in cryptocurrencies like Bitcoin; they just want to make payments easier.
Quote
3. There's a chance they might accept other cryptocurrencies like Bitcoin in the future, but nothing's confirmed yet
I hope so, but with the look of things, Uber is trying to be careful of the risk, and I respect that. This is business, it shouldn't be linked to further risks, and this is the reason why many businesses have not started accepting Bitcoin. What if the customer pays when Bitcoin is at $100,000, and when they are about the restocks, do maintenance, or pay experts and other services, the price is at $90k or lower?

The best way for these businesses (if so desired) is to convert their Bitcoin into fiat immediately after the payment. Uber rather thought of using a stablecoin from the beginning, which makes me think they may not accept Bitcoin for the risk involved.
Original archived Re: Uber to start accepting stablecoins for payment
Scraped on 13/06/2025, 10:29:36 UTC
Uber's CEO, Dara Khosrowshahi, is thinking about adding stablecoins as a payment option. The company is still in a study phase and this could be a big deal for simplifying global payments and cutting down on fees. Here's the breakdown :
1. Uber's not planning to invest in cryptocurrencies like Bitcoin; they just want to make payments easier.
Quote
3. There's a chance they might accept other cryptocurrencies like Bitcoin in the future, but nothing's confirmed yet
I hope so, but with the look of things, Uber is trying to be careful of the risk, and I respect that. This is business, it shouldn't be linked to further risks, and this is the reason why many businesses have not started accepting Bitcoin. What if the customer pays when Bitcoin is at $100,000, and when they are about the restocks, do maintenance, or pay experts and other services, the price is at $90k or lower?

The best way for these businesses (if so desired) is to convert their Bitcoin into fiat immediately after the payment. Uber rather thought of using a stablecoin from the beginning, which makes me think they may not accept Bitcoin for the risk involved.