Big Tech Firms Eye Stablecoins for Global Payments
The post Big Tech Firms Eye Stablecoins for Global Payments appeared on BitcoinEthereumNews.com. Major tech firms like Apple, Google, and Uber explore stablecoins for global payments. Uber and Meta aim to use stablecoins to reduce international transfer costs and delays. Elon Musk’s X plans a “super app” integrating chat, shopping, and stablecoin payments. Several major tech companies are now exploring stablecoins to improve global payments. These include Apple, Google, and Uber. Though the companies have not released any public statements, reports state that they are exploring how this technology could work for them. If done successfully, this approach could alter the way people transfer money to other countries. Meta and Uber Turn to Stablecoins for International Payments Still, these tokens are not independent like Bitcoin or Ethereum; their value is connected to the US dollar. For this reason, they experience less price fluctuation. That’s why organizations tend to view debt as a reliable and secure solution. They are valuable in making international payments since dealing with unfamiliar currencies and costs related to transfers may cause trouble. First, Uber Technologies is planning to use stablecoins. Dara Khosrowshahi revealed that reducing charges associated with international money transfers is the main aim. He thinks stablecoins could improve the way Uber manages payments to drivers or offers payment options to its customers across the world. This decision is in line with Uber’s plan to increase its reach in financial services. Similarly, Meta (known as Facebook) is looking into using stablecoins as well. According to the reports in May, Meta explores the possibility that stablecoins may help both Instagram users and creators. A lot of users who take part in these programs earn money from countries outside their own. In this way, Meta expects that stablecoins will allow them to get money faster and with lower fees. Google and Apple Hire Blockchain Experts, Eye Stablecoin Payments Still, Elon…
The post Big Tech Firms Eye Stablecoins for Global Payments appeared on BitcoinEthereumNews.com.
Major tech firms like Apple, Google, and Uber explore stablecoins for global payments. Uber and Meta aim to use stablecoins to reduce international transfer costs and delays. Elon Musk’s X plans a “super app” integrating chat, shopping, and stablecoin payments. Several major tech companies are now exploring stablecoins to improve global payments. These include Apple, Google, and Uber. Though the companies have not released any public statements, reports state that they are exploring how this technology could work for them. If done successfully, this approach could alter the way people transfer money to other countries. Meta and Uber Turn to Stablecoins for International Payments Still, these tokens are not independent like Bitcoin or Ethereum; their value is connected to the US dollar. For this reason, they experience less price fluctuation. That’s why organizations tend to view debt as a reliable and secure solution. They are valuable in making international payments since dealing with unfamiliar currencies and costs related to transfers may cause trouble. First, Uber Technologies is planning to use stablecoins. Dara Khosrowshahi revealed that reducing charges associated with international money transfers is the main aim. He thinks stablecoins could improve the way Uber manages payments to drivers or offers payment options to its customers across the world. This decision is in line with Uber’s plan to increase its reach in financial services. Similarly, Meta (known as Facebook) is looking into using stablecoins as well. According to the reports in May, Meta explores the possibility that stablecoins may help both Instagram users and creators. A lot of users who take part in these programs earn money from countries outside their own. In this way, Meta expects that stablecoins will allow them to get money faster and with lower fees. Google and Apple Hire Blockchain Experts, Eye Stablecoin Payments Still, Elon…
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