HSBC’s head of payments, Manish Kohli, said other US clients are already using the capability. Fireblocks CEO Michael Shaulov expects hundreds of companies to adopt similar solutions within the next 18 months.
Uber’s Digital Finance Plans Expand
Uber CEO Dara Khosrowshahi discussed stablecoins last year as a possible way to reduce international payment costs. However, the company was still exploring practical applications at the time.
Meanwhile, HSBC launched its Hong Kong dollar-backed RedCoin for PayMe users on October 23. Franklin Templeton also introduced two Nasdaq-listed ETFs combining US equities with Bitcoin exposure on October 29.
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