Uber Interesting: the ride-sharing giant rolls out digital wallet "Uber Money"

Uber announced a new division called Uber Money, which will include a digital wallet and new debit and credit cards targeted towards its 4 million global drivers, and eventually its 100 million monthly riders.

Why it matters:

• Speed - the first product under Uber Money is a reloadable debit card with an “instant pay” service. In early tests, 70% of drivers have chosen instant payment to the Green Dot-powered cards. Real-time streaming earnings remain one of the most interesting, under-explored use cases of crypto, as this could minimize overdrafts and disrupt the payday lending industry.
• Cashless - shocking stat that 40% of all Uber trips globally are paid with paper. Uber is well-positioned to deliver an actually interesting digital currency product that helps its emerging market customers.