Uber eyes stablecoins for faster settlements, lower FX costs for global operations

Uber is exploring dollar-pegged stablecoins as a tool for transferring funds across its global network, CEO Dara Khosrowshahi said on June 5 at the Bloomberg Tech conference in San Francisco. Khosrowshahi explained that blockchain-based tokens could settle payments faster than traditional correspondent bank channels and eliminate layers of foreign exchange fees. source: https://cryptoslate.com/uber-eyes-stablecoins-for-faster-settlements-lower-fx-costs-for-global-operations/