Uber Technologies (UBER) is considering using stablecoins for global money transfers, Bloomberg reported Thursday, citing Chief Executive Officer Dara Khosrowshahi's interview at the Bloomberg Tech conference.
Stablecoins might have "a practical benefit other than crypto's historic value," Khosrowshahi told the news outlet. He added that stablecoins are "quite promising" for global companies as these digital tokens can lower the costs of transferring money across countries.
Uber didn't immediately respond to a request for comment from MT Newswires.
Shares were up 1.1% in recent trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 84.33, Change: +0.91, Percent Change: +1.09
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.