Uber to start accepting stablecoins for payment

[JiiBs]

This could be a cool step for Uber, and it's definitely something to watch out for. What do you think about this idea?

I think this is a step into the right direction for Uber in this era. Either people like it or not, the cryptocurrency revolution is here and it’s becoming more evident by the day that, it’s here to stay. It’s either companies gets to come on board it early as per accepting it for a payment media which it is or they would just come on board it at a later time.

I am sure people would be looking to utilize this once it materializes, people like to try out new means to doing business and the ease it might present would change the business for better.

[STT]

Wondering if Im stuck in a time loop, some decade long deja vu maybe but why would a move like this become revolutionary of note now I wonder and not so ordinary its a matter of course.   I was buying physical items for Bitcoin not long after I was first mining BTC, it was mainstream available to do.   I had change left over from that purchase that I forgot for like 8 years which was nice when I realized, Coinbase was handling that purchase and some BTC got returned.
    Shouldnt it be normal by now, why did the shop I used ten years ago stop offering to do that.   Has to be some efficiency or cost problem I guess, I heard every payment is digitally done on a phone in China like all food and tips anything but I guess government has there a coin it enforces use of for that probably.     China has capital controls in place so I bet its all circular and under wraps via central control.   Stable coins are used as a dollar proxy for people lacking direct access to dollar I think is why its especially popular.

[X-ray]

Several years ago you could buy some things with Bitcoin directly. I was just a newbie then but you could pay for flights in eDreams if I remember well, and even purchase a Tesla (during a limited time, thanks for nothing Elon). But we've been witnessing the contrary trend in the last years, and you had to rely on third parties who would get your coins and give you vouchers or load balance in a debit card instead.

Reading that a big company like Uber is planning to accept crypto, in this case stablecoins, as a means of payment, feels like getting back on track.

That's true, doing vouchers with 3rd party by using crypto was such a pain, if uber can do this, they'd get massive potential customer who are primarily crypto maxi to use their service.

It should spare them from the fee of using conventional payment processor as well, Really looking forward to it.

[TheUltraElite]

Yo Uber accepting crypto or even stable, something that I keep on hearing every couple of years. It seems like a broke record now but if anything good happens out of this then I would be happy.

There are lot of risks and regulations involved in adopting crypto and these are the pain in the rear for companies to onboard crypto. Unless they are reduced first most companies would have trouble getting in.

Even then before coming to my country, they would probably cover the US and EU first.

[maydna]

Several years ago you could buy some things with Bitcoin directly. I was just a newbie then but you could pay for flights in eDreams if I remember well, and even purchase a Tesla (during a limited time, thanks for nothing Elon). But we've been witnessing the contrary trend in the last years, and you had to rely on third parties who would get your coins and give you vouchers or load balance in a debit card instead.

Reading that a big company like Uber is planning to accept crypto, in this case stablecoins, as a means of payment, feels like getting back on track.

That's true, doing vouchers with 3rd party by using crypto was such a pain, if uber can do this, they'd get massive potential customer who are primarily crypto maxi to use their service.

It should spare them from the fee of using conventional payment processor as well, Really looking forward to it.

But still, they need to check the government regulation and that can only apply in the country that allow crypto as a payment system. Even if doing vouchers with 3rd part by using crypto, that will not happen in shortly because that needs approval from the government.

But yes, I agree that can attract massive potential customer especially if the government already allow crypto as the payment system.

But I think I don't want to use crypto as a payment system and still stick to use payment instant from my account. After all, that news is good and can make the adoption progress grow in that country because there will be a new option to pay.

[Haunebu]

This would be epic if it actually comes into fruition. Uber is a huge brand these days and them accepting stablecoins as a payment method could help the crypto market grow probably in a small way.

Honestly, I don't mind them preferring stablecoins over BTC thanks to their low volatility which makes perfect sense considering their service. Positive stuff!

[Marvell1]

This would be epic if it actually comes into fruition. Uber is a huge brand these days and them accepting stablecoins as a payment method could help the crypto market grow probably in a small way.

Honestly, I don't mind them preferring stablecoins over BTC thanks to their low volatility which makes perfect sense considering their service. Positive stuff!

Only Bitcoin maximalists won't like this, but crypto investors will welcome it. Because crypto will become more and more popular and become an important part of our lives, which is what all crypto investors want.

I even believe this trend will spread further soon because governments like the US, South Korea...are focusing and pushing harder on issuing laws related to stablecoins than any coins, including bitcoin.


In my opinion, stablecoins have more chances to become a global payment method than bitcoin.

[Reatim]

This would be epic if it actually comes into fruition. Uber is a huge brand these days and them accepting stablecoins as a payment method could help the crypto market grow probably in a small way.

Honestly, I don't mind them preferring stablecoins over BTC thanks to their low volatility which makes perfect sense considering their service. Positive stuff!

Only Bitcoin maximalists won't like this, but crypto investors will welcome it. Because crypto will become more and more popular and become an important part of our lives, which is what all crypto investors want.

bitcoin maxis might want bitcoin to be used instead but to me i do not even think stablecoins directly compete with bitcoin and i do not think stablecoins will dominate the market or anything lol so nothing to worry about in that sense

to me stablecoins is a more friendly way to ease people into using cryptocurrencies and getting them used to blockchain technology

In my opinion, stablecoins have more chances to become a global payment method than bitcoin.

that is a logical opinion but it also depends on how many are willing to adapt stablecoins

[EarnOnVictor]

Uber's CEO, Dara Khosrowshahi, is thinking about adding stablecoins as a payment option. The company is still in a study phase and this could be a big deal for simplifying global payments and cutting down on fees. Here's the breakdown :
1. Uber's not planning to invest in cryptocurrencies like Bitcoin; they just want to make payments easier.
3. There's a chance they might accept other cryptocurrencies like Bitcoin in the future, but nothing's confirmed yet

I hope so, but with the look of things, Uber is trying to be careful of the risk, and I respect that. This is business, it shouldn't be linked to further risks, and this is the reason why many businesses have not started accepting Bitcoin. What if the customer pays when Bitcoin is at $100,000, and when they are about the restocks, do maintenance, or pay experts and other services, the price is at $90k or lower?

The best way for these businesses (if so desired) is to convert their Bitcoin into fiat immediately after the payment. Uber rather thought of using a stablecoin from the beginning, which makes me think they may not accept Bitcoin for the risk involved.

[KiaKia]

Wow nice, using stable coins to pay uber is like using fiat, not much of a different, but to pay uber you will have to reach out for your smartphone compare to reaching out for your purse or pocket for cash.

Think about it, in my country ubers are not even safe anymore, you can get kidnapped by the uber driver or get robbed too, now think about using digital assets to make payment, cool idea but not always.

If you are to bring out your phone to make payment, the first thing that will come to mind is "God knows how much your whole balance is worth", you will easily get robbed because it's like opening your bank account to pay uber.

Sorry to say, paying uber with cash seem safer than paying with digital assets.

[Synchronice]

Uber's CEO, Dara Khosrowshahi, is thinking about adding stablecoins as a payment option. The company is still in a study phase and this could be a big deal for simplifying global payments and cutting down on fees. Here's the breakdown :
1. Uber's not planning to invest in cryptocurrencies like Bitcoin; they just want to make payments easier.
2. They're figuring out the technical and regulatory stuff before making any moves.
3. There's a chance they might accept other cryptocurrencies like Bitcoin in the future, but nothing's confirmed yet
These all depends on the regulatory clarity and technical integration.

This could be a cool step for Uber, and it's definitely something to watch out for. What do you think about this idea?

https://themarketperiodical.com/2025/06/07/uber-eyes-stablecoins-to-simplify-global-payment-systems/

That's a very good news but I wonder how they plan to implement stablecoin payments. People rarely use stablecoins solely. Also, for example, USDT has lots of network, so which one are they going to use? Exchanges usually have high transaction fees for USDT withdrawal and the process of adding address and then withdrawing is a bit clumsy.

I think that the best thing will be if they integrate Web3. When you have USDT on your Web3 wallet and your wallet is connected to Uber, then the stablecoin transfer can be very handy. Another good option will be if they let us to pay via Binance pay and also integrate their service on other popular exchanges like Coinbase and Kraken. To my mind, this is a very challenging to start accepting stablecoins for payments for Uber.

[Davidvictorson]

~snip~

If I am asked if  I would pay for Uber rides in a stablecoin, I would respond in affirmation without thinking twice. This is based on the fact that I am pro-crypto and I know that if they are successful it would cause a chain reaction where other similar businesses would adopt it. However, I am thinking about the regulators who will see this as a problem because it may mean that taxes may not go to them anymore. They may not like this. I look forward to reading more on how Uber plans on working their way around this.

[Mate2237]

This is a welcome development if it actually sees the light of the day because it will actually help in simplify the conventional way of making payment but my concern it it's planning of starting with altcoins since Bitcoin is more stable it would have started with accepting bitcoin as payment means before going to accept more stable coins but any way this is a win for crypto currency as a whole.



There is a Wave that is gradually moving across the world and that is a shift in the traditional financial system of payment that the world has been used crypto currency is taking over the central stage because crypto is now a more better and efficient way of making payment due to its decentralized nature and is independent of any government control in the world

[SATWAT]

~snip~

If I am asked if  I would pay for Uber rides in a stablecoin, I would respond in affirmation without thinking twice. This is based on the fact that I am pro-crypto and I know that if they are successful it would cause a chain reaction where other similar businesses would adopt it. However, I am thinking about the regulators who will see this as a problem because it may mean that taxes may not go to them anymore. They may not like this. I look forward to reading more on how Uber plans on working their way around this.

This could be huge breakthrough for crypto because Uber is big name and surely this will give motivation to many others for having this while just going with stablecoins are also not bad start because in future many changes can happen which will allow them to have more options added.
Recently few changes are making positive move for crypto and crypto lover because many big corporations are getting involved in this while many countries are working on for bringing soft rules which will encourage peoples to use this crypto instead of cash or other options because this will surely help them for having better work for controlling data and bring more peoples in their timeframe for taxes.
This could be taken time, but moves like these are going to be big for crypto community which is now having good changes after long wait of instability because things are heading for stability.

[Abiky]

Looks like bitcoin will become the Digital Gold, and USDT/USDC/etc will become the p2p currency accepted worldwide.

Stablecoins are better for regulators, as they can be freeze if they are stolen. Also, they can run in cheaper and faster chains, as decentralization is not important.

I believe they are better than USD, as they offer way more privacy, at least for now.

It seems like stablecoins will become the next CBDCs. Just like how I've predicted it. Uber could've accepted BTC payments through a crypto payments processor (eg: BitPay) and directly convert it to USD. For some reason, they're avoiding Bitcoin. The same can be said about Amazon.

Stablecoins adoption is good and all, but they will ultimately be constrained by the Blockchain's limited transaction capacity. Even platforms like Solana and BSC can get overloaded due to high network activity (thus making stablecoin transactions slow and expensive). At least, Uber is on-board the crypto craze. Who knows which other companies will begin accepting stablecoins as payment method?

[Dave1]

Looks like bitcoin will become the Digital Gold, and USDT/USDC/etc will become the p2p currency accepted worldwide.

Stablecoins are better for regulators, as they can be freeze if they are stolen. Also, they can run in cheaper and faster chains, as decentralization is not important.

I believe they are better than USD, as they offer way more privacy, at least for now.

It seems like stablecoins will become the next CBDCs. Just like how I've predicted it. Uber could've accepted BTC payments through a crypto payments processor (eg: BitPay) and directly convert it to USD. For some reason, they're avoiding Bitcoin. The same can be said about Amazon.

And if I'm not mistaken, years ago, Uber said that they won't accept Bitcoin as payment because it's volatile. I might be wrong though, or it could be another car hauling services but so far it's only uber that is famous around the world.

Stablecoins adoption is good and all, but they will ultimately be constrained by the Blockchain's limited transaction capacity. Even platforms like Solana and BSC can get overloaded due to high network activity (thus making stablecoin transactions slow and expensive). At least, Uber is on-board the crypto craze. Who knows which other companies will begin accepting stablecoins as payment method?

I don't think that it will be a problem though, it will still be very fast transactions if we talk about stablecoins and obviously it's faster that Bitcoin and it could be "instant". The thing is that we are moving in the right direction as crypto is being adopted globally.

[Fortify]

Uber's CEO, Dara Khosrowshahi, is thinking about adding stablecoins as a payment option. The company is still in a study phase and this could be a big deal for simplifying global payments and cutting down on fees. Here's the breakdown :
1. Uber's not planning to invest in cryptocurrencies like Bitcoin; they just want to make payments easier.
2. They're figuring out the technical and regulatory stuff before making any moves.
3. There's a chance they might accept other cryptocurrencies like Bitcoin in the future, but nothing's confirmed yet
These all depends on the regulatory clarity and technical integration.

This could be a cool step for Uber, and it's definitely something to watch out for. What do you think about this idea?

The headline of the thread is a definitive statement: "they will accept stable coins" but then you go on to reveal that they are just in a testing phase without rolling it out fully. That is quite misleading. It's good to see Uber breaking news ground but I'm pretty sure they've done similar testing in the past. It's probably more publicity and hitting the "cool" factor if they just keep running these trials intermittently, than actually rolling out a program which will work. It should be trivially easy for them to get a payment provider that will integrate them and allow stable coins. Anyway, it's good progress for crypto any time a big company decides to extend their support for it.

[Ultegra134]

I've used Uber a couple of times abroad and once in my country (today to be exact). Although them not accepting Bitcoin as well might have disappointed a few people, it's a great move, heading towards the right direction for quick and easy cryptocurrency payments. Whether we like it or not, Bitcoin isn't as efficient to be used in our daily lives, and as bitmover already mentioned, Bitcoin is becoming an asset similar to digital gold, stablecoins could be used to provide efficient P2P transactions that offer a better privacy than fiat currencies (card payments etc).

On the other hand, Synchronice is right about the multiple networks, how would it be implemented is a tricky question.

[Jegileman]

Uber's CEO, Dara Khosrowshahi, is thinking about adding stablecoins as a payment option. The company is still in a study phase and this could be a big deal for simplifying global payments and cutting down on fees. Here's the breakdown :
1. Uber's not planning to invest in cryptocurrencies like Bitcoin; they just want to make payments easier.
2. They're figuring out the technical and regulatory stuff before making any moves.
3. There's a chance they might accept other cryptocurrencies like Bitcoin in the future, but nothing's confirmed yet
These all depends on the regulatory clarity and technical integration.

This could be a cool step for Uber, and it's definitely something to watch out for. What do you think about this idea?

Well, this is a commendable idea and I really love how they want to take their time to be able to integrate this payment system to simplify global payment. Even if they don’t invest in cryptocurrency, making use of this payment method will further enhance the adoption and use of crypto for payment which is in line with what it was invented for.

Crypto is growing and the world is seeing it now in a more understandable perspective which makes everyone want to not miss out on this digital global monetary system that is fast and reliable as alternative to fiat which may not look obsolete to some.

[Z-tight]

I would have been excited if they were having discussions to add BTC as a payment option in their business. However, i don't really like stablecoin, sometimes i feel it is closer to fiat than crypto, a coin that can be frozen by the issuers, even in your own wallet. I understand that it is easier for them to add stablecoins due to regulations, of course the regulators love it because it is centralized and under their control, so yeah.