Crypto Web Teller, Breaking News.
AZ-COM Maruwa Holdings, a major Japanese logistics company, plans to adopt JPYC to make payments to around 2,300 business partners, in what is expected to be the first large-scale corporate use of the yen-denominated stablecoin in Japan.
According to a report from Nikkei, JPYC will be used to pay fees and compensation to individual contractors who handle transportation, including truck drivers; the use of the stablecoin will allow faster and more frequent payments, as it does not charge transfer fees.
AZ-COM Maruwa is also considering a partnership with JPYC and an investment of over 1 billion Japanese yen ($6.2 million).
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