Amazon recently partnered with stablecoin companies StraitsX and NTT Digital to participate in a blockchain tokenization simulation. Typically, Amazon marketplace sellers receive payments every 14 days, but in some cases this can be extended to 90 days. The simulation involves tokenizing these receivables and putting them on an exchange where lenders can buy them at a small discount.
In the simulation, these sellers receive StraitsX XSGD stablecoins encapsulated as Purpose Bound Money (PBM). The encapsulation can include conditions for the use of funds, or simply ensure compliance with regulations such as KYC.
It is important to note that this is purely a simulation and not a solution planned by Amazon.
Amazon partners with StraitsX and NTT Digital to simulate the use of stablecoins to settle tokenized seller receivables
2024-11-10 02:59:31
Amazon stablecoin company straitsx ntt digital recently cooperationdesk3cryptocurrencydesktopCrypto News
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