German software giant SAP is testing Circle’s Ethereum-based USDC stablecoin to help customers with payments problems.
SAP has announced that it will use Circle’s USDC stablecoin to test cross-border payments. The software giant stated that it aims to solve the difficulties faced by businesses when sending money abroad. According to a blog post, the company is considering offering a variety of services by leveraging the USD-pegged stablecoin and its less-adopted European-pegged equivalent, EUROC.
Statement from Authorized Names
The testing of a stablecoin project by SAP, one of the leading companies in Germany, attracted global attention. Leading names in both the tech and crypto industry have expressed their opinions about this testing phase. Among these views, the statements of Sissi Ruthe, product specialist of SAP, came to the fore.
“These major challenges can be solved with digital money as a reconciliation tool and blockchain as the underlying technology,” said SAP product specialist Sissi Ruthe, addressing the latest developments. This situation, which adds a positive development to the crypto ecosystem, is closely followed by many communities.
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