TCS Blockchain partners with PayPal USD to enable same-day trucking invoice payments, reducing costs by 90% with blockchain settlements.
TCS Blockchain, a leading transportation trade finance provider, has partnered with PayPal USD to bring same-day funding and onchain settlements to trucking invoices. The initiative is meant to address the cash flow problems in the North American supply chains. By using blockchain technology and digital assets, the companies say carriers would save as much as 90% on costs compared to traditional methods of invoicing.
Under the collaboration, freight invoice payments will first be sent through TCS Token on the INX-Republic exchange and then converted to the PYUSD stablecoin. This process means that the carriers can settle the payment of invoices in a more timely and cheaper manner. The new system has the potential to revolutionise an industry long plagued by slow payments and high fees.
For decades, carrier have been forced to sell freight invoices to factoring companies to get paid. This practice commonly required waiting 30 to 180 days and paying up to 30% of net revenue just to get money quickly. By using TCS Tokens and PYUSD, truckers can avoid traditional intermediaries with the benefits of speed, transparency and reduced costs.
How TCS Blockchain and PayPal USD Are Changing B2B Payments
TCS Blockchain in 2022 has settled the world’s first freight invoice on-chain. Since then, almost 30,000,000 TCS Tokens have been used for B2B settlements. Carriers can now access same-day funding under non-exclusive agreements, with no reserve fees to make the service up to 90% cheaper than conventional invoice factoring.
TCS Blockchain CEO Todd Ziegler added that the company expects to have more than $1 billion in annual freight invoice flows in 2026. “These flows will initially pass through TCS Token on the INX-Republic exchange and then pass through the PYUSD stablecoin,” Ziegler said. “With PayPal USD, TCS is able to provide higher savings at the time of settling the invoice with the carrier, as well as the best fuel card available on the market. This is a tremendous win for truckers, freight brokerage and big box carriers.
Benefits of Onchain Freight Invoice Settlements
Blockchain and digital assets are already making value in the $3 trillion transportation sector. TCS and PayPal USD offer some major advantages to carriers:
Cost Savings
The cost of settling an invoice is up to 90% lower than through traditional factoring. Carriers then no longer have to pay huge fees in order to access funds.
Faster Payments
TCS enables the same day settlement (365 days a year) without the requirements of banking rails. Carriers receive payment faster and are able to manage cash flow more efficiently.
Transparency
All transactions are documented on the blockchain, ensuring that a public and uneditable ledger is created. Both carriers and brokers can see the details of a transaction at any time for better accountability.
After registration with TCS Blockchain, carriers can open an account with INX-Republic. They can then pay their invoices by converting the TCS Tokens into US dollars within a few clicks. The PYUSD stablecoin serves as the back-end currency, which makes cross-platform and cross-chain settlement seamless.
PayPal USD Joins TCS Blockchain to Streamline Freight Payments
The integration of blockchain and traditional trucking finance is indicative of a major shift for North American supply chains. Carriers no longer need to rely on slow, expensive and opaque processes. Instead, they can use digital assets to make faster payments and save on operation costs.
With same day funding, reduced fees and a fully transparent system this partnership may change how trucking invoices are paid. TCS Blockchain combines its freight finance expertise with PayPal USD’s digital payment tools. Consequently, they are creating a faster and more accessible payment network for logistics.
As more carriers are adopting the system, it is anticipated to become a standard for invoice settlement that will promote a new era for cash-efficient trucking operations. The move is also indicative of the increasing importance of blockchain technology in the real world of business applications because it demonstrates that digital assets can be used to solve practical problems in the industries.