Quote from: shield132 on Today at 09:36:24 AM

Quote from: IceLincoln on June 10, 2025, 11:29:58 AM

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.
2. They're figuring out the technical and regulatory stuff before making any moves.
3. There's a chance they might accept other cryptocurrencies like Bitcoin in the future, but nothing's confirmed yet
These all depends on the regulatory clarity and technical integration.

This could be a cool step for Uber, and it's definitely something to watch out for. What do you think about this idea?

https://themarketperiodical.com/2025/06/07/uber-eyes-stablecoins-to-simplify-global-payment-systems/

Does Uber ask customers to get KYC verified? There is no Uber where I live, so I don't know how it works but other taxi services like Bolt and Yandex do not ask users for KYC, they only ask it to taxi drivers. Crypto payments will be very cool, especially if Uber will let us to use their service first and pay later. For example, when I use bolt, it lets me to use a taxi service even if I don't have any money on my debit card. I get the ride, then Bolt tries to charge me, if there is no money on my card they do it a few hours later, then they do it a day later and if I still don't have money, it doesn't charge me again but then I manually pay my debt on Bolt's app but it doesn't let me use taxi service again before I pay my debt. I like this service because sometimes there are moments when I don't have money on my card and I can't access my bank. If Uber does like that on crypto payments, that will be very cool to my mind.

How is Uber going to handle the credit ride of a thing you explained with crypto payment. Will they have access to your wallet so that they will have to deduct their money whenever you fund that particular wallet?
If they incorporate stable coins as a payment method, it is a big win and not to complicate the adoption.

If there will be anything spectacular in the future, it will be incorporating bitcoin for a man-less drive. If you are driven by an AI, you have to pay with BTC and atleast get two confirmations in the Blockchain before the door will open for you lol. This is to avoid transaction reversibility which is common in fiat.