Market Chatter: AZ-COM Maruwa to Introduce JPYC stablecoin for Payments
AZ-COM Maruwa (TYO:9090) plans to introduce the yen-denominated JPYC stablecoin for payments, with an aim to offer quick payments since JPYC allows instant cash conversions with no transfer fees, Nikkei Asia reported Monday.The Japanese logistics services company is also considering a partnership with JPYC and an investment of just more than 1 billion yen, the report said.The faster JPYC-based payments are expected to attract more business for AZ-COM Maruwa, according to the report.AZ-COM Maruwa did not immediately respond to' request for comment.Shares of the company added nearly 2% at market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
