Uber CEO Once Called Bitcoin A 'Proven Commodity,' But Found These Cryptos More 'Practical' For This Reason

Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.

Uber Technologies Inc. (NYSE:UBER) CEO Dara Khosrowshahi erstwhile stressed the value of embracing cryptocurrencies for applicable purposes alternatively than arsenic a “store of value.”

At the Bloomberg Tech Summit successful San Francisco connected June 6, 2025, Khosrowshahi called Bitcoin (CRYPTO: BTC) a “proven commodity” but said helium finds crypto’s “instantiation” offers much applicable benefits.

“I bash deliberation that stablecoin is rather promising, particularly for planetary companies that are moving wealth astir globally, to make a mechanics for america to fundamentally trim costs,” helium said.

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At the time, Khosrowshahi said that the institution was successful the “study phase” for enabling cross-border stablecoin payments, calling it a “super interesting” proposition.

This was not the archetypal clip Khosrowshahi has voiced specified considerations.

Speaking to CNBC successful 2021, helium said the institution is “going to look into” Bitcoin and different cryptocurrencies for transactions. A twelvemonth later, successful 2022, helium said that Uber is “absolutely” going to judge cryptocurrency for payments astatine immoderate constituent successful the future.

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Meanwhile, 7 months person passed since his latest remark, but the mobility elephantine has yet to instrumentality cryptocurrencies arsenic a outgo option.

Uber didn’t instantly instrumentality Benzinga’s petition for comment.

Interestingly, Uber was among the aboriginal participants successful the Diem Association, formerly Libra, joining successful 2019 to enactment Meta Platforms‘ (NASDAQ:META) now-defunct stablecoin inaugural for planetary payments.

A 2025 study by Grayscale recovered stablecoins, including USDC (CRYPTO: USDC), were facilitating astir $800 cardinal successful integer transactions each month, positioning themselves arsenic credible challengers to accepted outgo networks like Visa (NYSE:V).

Photo Courtesy: Frederic Legrand – COMEO connected Shutterstock.com

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