SAP Taps Circle's USDC Stablecoin To Solve 'Hassle' Of Cross-Border Payments
Portfolio Pulse from Murtuza Merchant
Software firm SAP is using Circle's USDC stablecoin to explore solutions for cross-border payment challenges faced by businesses. SAP is conducting tests on an Ethereum Test Network to address issues such as costs, transaction speed, and transparency.
June 23, 2023 | 8:33 pm
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POSITIVE IMPACT
SAP is conducting tests on an Ethereum Test Network, which could increase the demand for Ethereum and positively impact its price.
As SAP conducts tests on an Ethereum Test Network, it could lead to increased demand for Ethereum, which may positively impact its price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
SAP is using Circle's USDC stablecoin to explore solutions for cross-border payment challenges, potentially improving its product offerings and attracting more clients.
SAP's exploration of USDC stablecoin for cross-border payments could lead to improved product offerings, making it more attractive to potential clients. This could positively impact SAP's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100