Business
Uber Reassures Nigerian Users On Safety
Uber, a transportation network company, headquartered in San Fransisco has re-assured its users in Nigeria of safety due to innovative safety tools recently put in place.
The company’s reaction was on the sideline of recent security challenges faced by its drivers and users in the country.
It would be recalled that some customers of the company recently complained of security challenges.
Francesca Uriri, Communications, West Africa/Sub-Saharan Africa said in Lagos last Friday that security of its users was paramount to it and that was why in October 2018, Uber launched the safety toolkit.
Uriri said that the toolkit was with new innovative features to ensuring the safety of its 134, 000 active riders and 9,000 drivers across the country.
She said that the toolkit was aimed at raising the bar on safety and increase transparency, accountability and peace of mind for all users.
According to her, since launching the app, Uber has provided millions of people with technology that allows them to get a ride at the push of a button.
She said it had enabled riders track every trip with Global Positioning System (GPS) technology and report any issues within 24 hours with a dedicated safety team.
“With the introduction of the new safety features, the company aims to doubling down on safety and help make the Uber community safer.
“Features that are introduced as part of the new rider and driver safety toolkit, include: Driver Emergency button where drivers can connect directly to private security response when needed through a third party supplier.
“Speed alert feature which reminds drivers to maintain a safe speed within the posted speed limits.
“Trusted Contacts, riders can now easily designate five friends or family members as trusted contacts and share their trip information which are easily customised in their trip sharing preferences,” she said.
Uriria said that the other features included safety Centre – a new app-housed safety information hub where riders could find information on some of the key existing safety tools in the app.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.