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Uber has spearheaded exploration into Bitcoin payments and cryptocurrency integration, with CEO Dara Khosrowshahi confirming the company is actively studying various major stablecoin implementations to reduce international transfer costs. This marks the third time since 2021 that the ride-sharing giant has accelerated interest in crypto adoption, and digital currency payments could revolutionize the high fees associated with cross-border transactions. Also Read: SEC Chair Paul Atkins Eyes ‘Rational’ Bitcoin Rulemaking Shift Ahead How Uber May Boost Crypto Adoption With Stablecoins and Low Fees Source: The Seattle Times Bitcoin Payments Enter Active Study Phase at Uber Right now, Uber’s exploration of Bitcoin payments and cryptocurrency integration has engineered substantial momentum following the Bloomberg Tech Summit on June 5, where Khosrowshahi detailed the company’s current approach across multiple essential business areas. The ride-sharing company has instituted what t...

The Bitget Card will be accepted at all locations that support Visa cards. Applicants for the card will go through a standardized KYC process, with virtual or physical cards available to eligible individuals. The USD-denominated card will initially support USDT, but Bitget will add other top stablecoins and cryptocurrencies. Bitget has introduce d Bitget Card, a Visa Platinum card offering US dollar-denominated transactions, to help drive crypto adoption across the globe. The new card will initially be available to the exchange’s internal staff, Bitget said in an announcement shared with CoinJournal. Afterwards, it will gradually expand availability to include other eligible users, targeting global access in the first half of the year. Bitget Card to support online and offline transactions As part of the application process, Bitget Card users will complete a standardized know-your-customer (KYC) process. If successful, applicants will receive a virt...

The Philippine central bank sees the potential of crypto to improve domestic and cross-border payments, but the authority is still negative to crypto as a legal tender. Amid the rising cryptocurrency adoption in the Philippines, the country’s central bank is seeking measures to better protect investors through elevating local crypto awareness. The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), wants to promote crypto education as the authority sees a lot of benefits associated with crypto and blockchain, a BSP representative said in an interview with Cointelegraph. “The BSP’s focus is on virtual assets’ capacity to improve the delivery of financial services, particularly payments and remittances services, as it has potential to provide faster and economical transfer of funds, both for domestic and international setting,” the BSP stated. According to the BSP, crypto adoption in the Philippines has increased over the past few years due to the COVID-19 pandemic. As such, Bit...