Japanese logistics firm AZ-COM Maruwa to pay 2,300 partners in JPYC stablecoin

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Japanese logistics firm AZ-COM Maruwa Holdings announced a partnership with JPYC to pay 2,300 business partners using the JPYC stablecoin. This blockchain adoption initiative includes payments to contractors and truck drivers, enabling faster, fee-free transfers. The company is considering a deeper partnership and plans to invest over 10 billion yen.

Odaily Planet Daily report: Japanese logistics company AZ-COM Maruwa Holdings plans to adopt the Japanese yen stablecoin JPYC to make payments to approximately 2,300 business partners, which is expected to become JPYC’s first large-scale corporate application in Japan. The stablecoin will be used to pay fees and compensation to individual contractors handling transportation services, including truck drivers.

AZ-COM Maruwa stated that using JPYC enables faster, higher-frequency payments with no transfer fees. AZ-COM Maruwa is also considering partnering with JPYC and investing over 1 billion Japanese yen, approximately $6.2 million. AZ-COM Maruwa is a mid-sized Japanese logistics company whose primary clients include Amazon Japan.

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