TCS Blockchain, a transportation trade finance provider, announced a collaboration with PayPal USD to expand blockchain-based settlements for trucking companies. The initiative aims to help carriers receive payments faster and reduce costs linked to traditional invoice factoring.
For decades, carriers in North America have relied on factoring firms to bridge payment terms of 30 to 180 days. In many cases, this meant giving up a large share of revenue to access working capital. TCS Blockchain and PayPal USD now offer an alternative based on digital assets and on-chain settlement.
TCS Blockchain is a transportation finance company using tokenized settlements. PayPal USD is a U.S. dollar-backed stablecoin issued by Paxos Trust Company. The stablecoin is designed for digital payments and blockchain transfers.
Carriers that join the platform open an account at INX-Republic to convert TCS Tokens into U.S. dollars. The PYUSD stablecoin functions as the settlement layer for related transactions. The companies say the system operates year-round and does not rely on standard banking rails.
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