SAP recently announced the launch of an experimental Digital Currency Hub to enable companies to trial cross border payments for business transactions using blockchain-based stablecoins.
For now users can trial using Circle’s USDC and EUROC stablecoins to pay international invoices, but only on a test blockchain network with play money.
It’s widely known that cross border payments are slow, unpredictable and expensive. In contrast stablecoin payments are final within minutes, and can be very cheap. That’s provided you use a network with low gas fees.
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