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Japanese logistics company AZ-COM Maruwa plans to use the JPYC stablecoin to make payments to 2,300 commercial partners
PANews July 20, according to Cointelegraph, Japanese logistics company AZ-COM Maruwa Holdings plans to use the JPYC stablecoin to pay amounts to about 2,300 business partners, which could become the first large-scale enterprise use case of the yen stablecoin JPYC in Japan. The stablecoin will be used to pay expenses and compensation to transportation contractors, including truck drivers. Since JPYC does not charge transfer fees, using the stablecoin can enable faster and more frequent payments. AZ-COM Maruwa is also considering establishing a partnership with JPYC and plans to invest more than 1 billion yen (about $6.2 million). AZ-COM Maruwa is a mid-sized Japanese logistics company, whose main customers include Amazon Japan.