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Home›Crypto›Stablecoins›Japanese logistics firm uses JPYC stablecoin to speed…

Japanese logistics firm uses JPYC stablecoin to speed contractor payments

The company is using stablecoin payouts to attract more contractors amid labor shortages, according to Nikkei via The Block.

Reported · Written up by our desk · Stablecoins

A Japanese logistics firm is reportedly adopting the JPYC stablecoin to make faster payments to contractors, aiming to address labor shortages in its operations, according to Nikkei via The Block.

The approach is intended to give contractors quicker settlement compared with traditional payment methods, which the report says could make the firm more attractive to potential business partners.

By reducing payment delays for contractors, the company is seeking to bring in more partners and expand capacity even with staffing constraints, the outlet said.

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Sources

The BlockJapanese logistics firm turns to JPYC stablecoin to fight labor shortages: report

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