SAP has introduced a cross-border payment solution that utilizes the USDC stablecoin as part of its ‘Digital Currency Hub’ initiative. This system aims to streamline and enhance global payment processes, offering businesses a secure and efficient way to send money overseas. By integrating USDC into its platform, SAP aims to make cross-border payments faster, transparent, and cost-effective. The company is also testing a blockchain-powered cross-border payments system, which is expected to accelerate international payments and reduce costs. This system eliminates manual entry and outdated payment methods, providing businesses with real-time visibility into the payment process and reducing the chance of errors. SAP invites its clients to participate in a cross-border payments test, allowing them to experience firsthand the benefits of this innovative payment system. The test versions of Circle’s USDC and EUROC coins are available for clients to try out. However, it is important to note that the test drive operates on a test network and does not involve real-world payments. SAP is a leading enterprise software company, operating in 130 countries and serving various industries with its products.
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