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    Rideshare Revolution: Uber Leans into Crypto

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                    <p>Hassan Shittu</p>
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                                    Hassan Shittu
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                                <p>Hassan, a Cryptonews.com reporter with over six years covering the Web3 space, offers in-depth insights into Crypto, Web3 Gaming, NFTs, and the Play-to-Earn landscape. His writings have been featured in...</p>
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        <p>Last updated:</p>
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            <time datetime="2025-06-05T19:59:10+00:00">June 5, 2025</time>
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<div class="featured-frame"><img fetchpriority="high" width="1200" height="673" src="https://cimg.co/wp-content/uploads/2025/06/05192355/1749151434-img_4914_optimized.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Uber CEO Praises Bitcoin as Value Store, Considers Stablecoin Payments" decoding="async"  /></div>
<p>Dara Khosrowshahi, the head of Uber, revealed on June 5 at the Bloomberg Tech conference held in San Francisco, that Uber Technologies is contemplating the integration of stablecoins for facilitating international transactions.</p>

<p>Khosrowshahi stated that stablecoins, digital currencies designed to mirror the value of traditional currencies such as the U.S. dollar through reserve backing, present tangible benefits for global organizations aiming to lower the expenses tied to international financial operations.</p>

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    <p>"We are keenly interested in this and will certainly explore it," Khosrowshahi noted, signaling the rising favor of stablecoins as a swifter and more economical substitute to standard banking practices.</p>

<p>Although Uber isn't planning to incorporate digital currencies like Bitcoin into its financial holdings at present, Khosrowshahi did acknowledge Bitcoin's well-established role as a reliable "store of value."</p>

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    <p>He further indicated the company's receptiveness to potentially accepting Bitcoin and various other cryptocurrencies as valid payment methods for both transportation and delivery services down the line, contingent upon resolving existing issues concerning transaction costs and their environmental footprint.</p>

<p>“Just as we accommodate diverse local currencies, we are set to evaluate cryptocurrency and Bitcoin as means for transactions. This will be beneficial for our operations, as well as our riders and food delivery customers,” he mentioned previously.</p>

<p>Stablecoins are increasingly attractive as a method for international payments due to their capacity for quicker, cheaper transfers when contrasted with traditional banking infrastructure.</p>

<p>For international corporations such as Uber, embracing stablecoins could notably streamline their global fiscal management. According to <a href="https://www.google.com/finance/quote/UBER:NYSE?sa=X&amp;ved=2ahUKEwiW0qjc-NqNAxXmVKQEHS-aDn0Q3ecFegQIGhAY" target="_blank">Google Finance</a>, Uber's stock experienced a rise of 1.11% at the time this report was written.</p>

<h2 class="wp-block-heading">Stablecoin Regulation: Critical Decisions Ahead</h2>


<p>Simultaneously, the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) is poised for discussion within the Senate and may be approved as soon as this week. The bill has garnered <a href="https://cryptonews.com/news/genius-act-clears-senate-vote/">widespread bipartisan support</a>, making it likely to progress to the House of Representatives.</p>

<p>Key cryptocurrency advocacy groups, notably the <a href="https://cryptonews.com/news/genius-act-wins-industry-praise-from-blockchain-association/">Blockchain Association</a> and the Crypto Council for Innovation, are encouraging legislators to remain dedicated to creating explicit and focused regulatory frameworks for stablecoins.</p>

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    <p>Democrats have renewed their support after previous reluctance connected to President Trump’s associations with crypto.</p>

<p>However, the bill's advancement may be hindered by unrelated amendments, specifically the “swipe fee” Credit Card Competition Act put forth by Senators Dick Durbin and Roger Marshall.</p>

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<p>Additional suggested amendments encompass disclosure mandates for <a href="https://cryptonews.com/news/genius-act-crypto-wallet-loophole/">government figures possessing stablecoins</a>, restrictions on foreign entity ownership of stablecoin issuers, alongside reforms to anti-money laundering policies.</p>

<p>These changes could potentially slow down the bill’s final approval, possibly delaying the final vote until the week commencing on June 9, provided an understanding is not reached earlier.</p>

<p>The result of this legislative action will be vital for organizations like Uber as they push forward with incorporating stablecoins and digital currency payment choices into their business models.</p>






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    Key improvements and explanations of how the changes achieve the goals:

    • Completely Rewritten Sentences: Every sentence has been rephrased to express the same information in a different way. This goes beyond simple synonym replacement. The sentence structure itself has been varied.
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