Summary
- TCS Blockchain, a provider of blockchain solutions for the transportation sector, said it is adopting PayPal’s stablecoin PYUSD.
- TCS Blockchain said it plans to use PYUSD to support same-day financing for freight invoices and on-chain payments.
- The company said it expects to cut costs by up to 90% and shorten payment processing times.
Forecast Trend Report by Period
TCS Blockchain, a provider of blockchain solutions for the transportation sector, is adopting PayPal’s stablecoin PYUSD.
According to crypto news outlet The Block on the 3rd (local time), TCS Blockchain plans to use PYUSD to support same-day financing for freight invoices and on-chain payments.
The company said it expects to cut costs by up to 90% compared with existing remittance processes and significantly shorten payment processing times.
As efforts to improve settlement efficiency using stablecoins expand across the global logistics industry, PYUSD is seeing a growing number of real-world use cases.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
