AZ-COM Maruwa Holdings to Adopt JPYC Stablecoin for Payments
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Japanese logistics firm AZ-COM Maruwa Holdings plans to use JPYC, a yen-denominated stablecoin, for payments to 2,300 business partners, marking a significant corporate adoption in Japan for faster, fee-free transactions.
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AZ-COM Maruwa Holdings, a Japanese logistics firm, plans to adopt JPYC, a yen-denominated stablecoin, for payments to 2,300 business partners. This marks Japan's first large-scale corporate use of a yen stablecoin, enabling faster, fee-free payments.
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).
Related: Sony Bank and JPYC to test instant yen stablecoin buys from customer accounts
AZ-COM Maruwa is a mid-sized Japanese logistics company and counts Amazon Japan among its major customers.
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AZ-COM Maruwa Holdings will partner with JPYC and invest over 1 billion Japanese yen.
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Offene Fragen
- What is the exact timeline for full implementation?
- How will the partnership with JPYC and the investment proceed?
