Uber's CEO, Dara Khosrowshahi, emphasized at the Bloomberg Technology Conference in San Francisco that the company is exploring stablecoin applications to optimize global money transfer processes. This is a breakthrough strategic move in cross-border payment, where global payment activities are still constrained by high fees and lengthy processing times.
Mr. Khosrowshahi particularly highlighted that stablecoin - a type of cryptocurrency with guaranteed value - possesses practical application potential for multinational corporations. This essential benefit helps minimize costs and accelerate transaction speeds. Additionally, due to stablecoin's stability, global-scale companies can reduce exchange rate risks during conversions.
The Uber leader described stablecoin technology as "extremely interesting" in the context of continuously developing digital economy. The company is actively evaluating the possibility of integrating stablecoin into its financial ecosystem, leveraging processing speed and blockchain transparency. This could open up a cost-effective, safe cross-border money transfer model and increase liquidation for global capital flows.
Cryptocurrency applications, especially stablecoin, could reshape how large businesses approach the global financial market. This trend not only brings economic benefits to corporations like Uber but also creates a premise for widespread stablecoin adoption in international commercial activities.
Uber's proactive research into stablecoin is a clear indication that the wave of cryptocurrency acceptance and deep integration into business value chain is becoming increasingly strong. If successful, this will be a lever driving innovation across the logistics and international money transfer industry.
