Industry News Brought to You by Institute of Commercial Payments: News - Industry

Blockchain Freight Settlement Scales as TCS and PayPal Target Factoring Model

7 hours ago   (0 Comments)
Posted by: Sierra Lindemann
TCS Blockchain is working with PayPal USD to expand on-chain settlement of freight invoices, aiming to reduce reliance on traditional factoring that can cost carriers up to 30% of revenue. The companies say blockchain-based payments could cut costs by as much as 90% while enabling same-day, 24/7 settlement for trucking and transportation firms.

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