Uber continues to evaluate stablecoins to enhance international payment systems while Bitcoin investments are currently excluded.
Uber's Position on Bitcoin
Uber CEO Dara Khosrowshahi commented on Bitcoin's role in finance, labeling it a "proven commodity". However, he dismissed prospects of Uber investing in Bitcoin for now.
Exploration of Stablecoins
Uber is exploring the possibility of using stablecoins such as USDC for cost-effective international payments. Khosrowshahi noted, "We’re still in the study phase," regarding the use of stablecoins for international transactions.
Market and Potential Outcomes
The announcement has not triggered major changes in the Bitcoin or stablecoin markets. Uber's investigation targets the use of stablecoins to secure lower costs, which may enhance international transactions, but market reactions remain subdued pending the company's definitive actions in crypto payments.
By analyzing opportunities in stablecoins, Uber emphasizes its stance on Bitcoin and considers the possible impact on its international financial operations.
