Japan's regulated and stable currency is beginning to enter a larger business payment scenario. The Japanese listed logistics company AZ-COM Maruwa plans to use JPYC to pay some 2300 partners to cover subcontractors and independent truck drivers.

Coverage of subcontractor and driver networks

It is reported that this company has been providing distribution services to Amazon Japan for a long time, starting in 2017. The most recent arrangement was the use of JPYC for the settlement of costs in the cooperative network to improve the efficiency of the return of drivers and small and medium carriers.

As of March of this year, the AZ-COM Maruwa battalion received 23.5 billion yen. The company's programme covered a large number of partners and was considered to have introduced stable currency payments for the first time in the day-to-day operations of Japanese enterprises.

  • Some 2300 partners
  • Including subcontractors, independent truck drivers, etc.
  • Using tools to stabilize the monitored yen JPYC

JPYC flows over 2 billion yen.

JPYC, issued by the Tokyo Finance Technology Corporation JPYC Inc., is one of Japan's earlier Japanese-Japanese-language stabilization coins into the compliance framework. The token was introduced within the framework of Japan ' s Payment Services Act, which maintains a link with the Japanese yen at 1:1.

Reports indicate that JPYC is fully supported by bank deposits and Japanese national debt. The scale of its chain has exceeded 2 billion yen last week, indicating that the product is moving from a pilot phase to a wider use.

Business wants to shorten the time to pay back.

Japan's logistics industry is facing pressures such as a shortage of labour, the ageing of workers and increased restrictions on overtime. AZ-COM Maruwa hopes that the transfer of funds will be completed more quickly with a stable currency and that it will provide near-immediate and low-cost yen exchange to increase the attractiveness of transport cooperation.

It was also reported that the company was considering formal business cooperation with JPYC distributors and was studying a billion yen investment in the coin.

This progress is also echoed by the Japanese retail end stabilization currency pilot. Just before, Lawson, a convenience store operator, had announced plans to pilot JPYC payments from the beginning of August at Tokyo High Wheel Gate City.

From the retail payment test to the inter-firm settlement application, the landing rate of Japan ' s regulated stable currency is accelerating. JPYC entered the logistics payment scene this time, meaning that the use of the stabilization currency in Japan is expanding from consumer payments to the day-to-day operation of businesses.