The planned rollout would allow thousands of transportation contractors to receive digital yen payments more frequently and faster.
AZ-COM Maruwa Holdings, a major Japanese logistics company, plans to adopt the stablecoin JPYC to make payments to around 2,300 trading partners, in what is expected to be the first time. large-scale enterprise use of the yen-denominated JPYC stablecoin in Japan.
According to a report of the Nikkei, the stablecoin will be used to pay fees and compensation to individual entrepreneurs who manage transportation, including truck drivers, while 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 more than 1 billion Japanese yen ($6.2 million).
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