Uber CEO Dara Khosrowshahi mentioned the ride-hailing large is exploring the usage of crypto as a cost technique, which marks the third time the corporate has made the declare since 2021.
Talking Thursday on the Bloomberg Tech convention in San Francisco, Khosrowshahi mentioned the corporate is within the “examine part” of evaluating stablecoins for operational use.
“I believe stablecoins are one of many extra fascinating instantiations of crypto which have a sensible profit past being a retailer of worth,” Khosrowshahi mentioned.
Uber was an early member of the Diem Affiliation (previously Libra), becoming a member of in 2019 to help Meta’s now-defunct stablecoin initiative aimed toward reshaping world funds.
“You’ll be able to have your opinions on Bitcoin, it’s a confirmed commodity, and other people differ on the place it’s going. However stablecoins appears fairly promising, particularly for world firms shifting cash round internationally,” Khosrowshahi continued on Thursday. “That’s tremendous fascinating to us, and we’re positively going to have a look.”
The remarks echo what Khosrowshahi informed CNBC in September 2021, when he mentioned Uber would “look into” accepting BTC and different cryptocurrencies as cost.
On the time, he dismissed any plans to place crypto on the corporate’s steadiness sheet, saying, “We’re going to hold our money protected.”
Later, in February 2022, Khosrowshahi informed Bloomberg that the corporate would “completely” settle for cryptocurrencies as a type of cost at “some level” sooner or later, however emphasised that the time wasn’t proper but.
“We’re having conversations on a regular basis,” Khosrowshahi mentioned on the time. “Because the trade mechanism turns into cheaper and turns into extra environmentally pleasant, I believe you will note us leaning into crypto a bit of bit extra.”
When he made crypto-related feedback in 2021, BTC traded flat for the following three months.
Nonetheless, his February 2022 feedback got here weeks earlier than the start of an industry-shaking main market correction, which kicked off later that spring.
