Fortune published a report that several Big Tech firms, including Apple, X, Airbnb and Google, are exploring using stablecoins for payments, citing sources. A month ago the same magazine reported that Meta was exploring digital currencies. The news follows Uber’s confirmation yesterday that it was investigating the potential for stablecoin payments.
“We’re still in the study phase I’d say. For me, stablecoins are one of the more interesting instantiations of crypto,” Uber CEO Dara Khosrowshani told Bloomberg yesterday. “I do think stablecoins are quite promising, especially for global companies that are moving money around globally to make a mechanism for us to essentially reduce costs.”
Google Cloud confirmed its interest to Fortune. “It’s pretty clear that this is probably one of the biggest upgrades to payments since the SWIFT network,” said Rich Widmann, head of Web3 strategy at Google Cloud. Apart from confirming that the company is exploring stablecoin integrations, he also acknowledged accepting a couple of payments using PayPal’s PYUSD.
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