Japanese Logistics Company Plans JPYC Stablecoin Payments to 2,300 Business Partners

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According to Nikkei, AZ-COM Maruwa Holdings plans to adopt the JPYC yen-denominated stablecoin to pay around 2,300 business partners, marking the first large-scale corporate use of JPYC in Japan. The logistics company will use the stablecoin to pay fees and compensation to individual contractors handling transportation, including truck drivers.

The stablecoin payments will enable faster and more frequent transactions without transfer fees. AZ-COM Maruwa is also considering a partnership with JPYC and investing over 1 billion yen ($6.2 million). The company counts Amazon Japan among its major customers.

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