Japanese logistics company AZ-COM Maruwa Holdings plans to use the JPYC stablecoin to pay about 2,300 business partners, according to Cointelegraph. The company may become the first large-scale corporate user of the yen-denominated stablecoin JPYC in Japan if the plan moves forward. The stablecoin would be used to cover fees and compensation for transport contractors, including truck drivers. Cointelegraph said JPYC charges no transfer fees, which could allow faster and more frequent payments. AZ-COM Maruwa is also considering a partnership with JPYC and plans to invest more than 1 billion yen, or about $6.2 million. The company is described as a mid-sized Japanese logistics firm, and its main clients include Amazon Japan.
Japanese logistics company AZ-COM Maruwa Holdings plans to use the JPYC stablecoin to make payments to about 2,300 business partners, according to Cointelegraph.
The report said the move could make AZ-COM Maruwa the first large-scale corporate user of the yen-denominated stablecoin JPYC in Japan. The token would be used to pay fees and compensation to transport contractors, including truck drivers.
Because JPYC does not charge transfer fees, the company could use the stablecoin to make payments faster and more frequently. AZ-COM Maruwa is also considering a partnership with JPYC and plans to invest more than 1 billion yen, or about $6.2 million.
AZ-COM Maruwa is a mid-sized Japanese logistics company, and its main clients include Amazon Japan.
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