PayPal and transportation trade finance provider TCS Blockchain have launched a collaboration to enable carriers to use digital assets on blockchain rails to settle freight invoices.
This solution will allow faster and cheaper settlement, the companies said in a Tuesday (March 3) press release.
The solution will leverage TCS’s solutions and the PayPal USD (PYUSD) stablecoin, according to the release.
Utilizing blockchain and digital assets, it will deliver savings of up to 90% compared to traditional invoice factoring; allow same-day settlement, 365 days per year; and make transaction data viewable by all parties, the release said.
TCS will provide same-day funding, in non-exclusive agreements, with no reserve fees, while PayPal USD will serve as the back-end settlement currency, per the release.
Read more: https://www.pymnts.com/shipping/2026/paypal-and-tcs-blockchain-modernize-logistics-payments/
