PayPal Brings Crypto to Logistics Payments

PayPal and transportation trade finance provider TCS Blockchain have launched a collaboration to enable carriers to use digital assets on blockchain rails to settle freight invoices.

This solution will allow faster and cheaper settlement, the companies said in a Tuesday (March 3) press release.

The solution will leverage TCS’s solutions and the PayPal USD (PYUSD) stablecoin, according to the release.

Utilizing blockchain and digital assets, it will deliver savings of up to 90% compared to traditional invoice factoring; allow same-day settlement, 365 days per year; and make transaction data viewable by all parties, the release said.

TCS will provide same-day funding, in non-exclusive agreements, with no reserve fees, while PayPal USD will serve as the back-end settlement currency, per the release.

“The engagement with TCS Blockchain demonstrates how on-chain settlement can upgrade legacy payment flows in cash-critical industries, proving that digital assets can drive real economic activity,” May Zabaneh, senior vice president and general manager of crypto at PayPal, said in the release.

TCS Blockchain CEO Todd Ziegler said in the release that TCS is one pace to handle over $1 billion in annual freight invoice flows this year.

“Those flows will first move through TCS Token — on the INX-Republic exchange — and then through the PYUSD stablecoin,” Ziegler said. “With PayPal USD, TCS can offer even greater savings on invoice settlement to carriers, and the best fuel card on the market. The engagement is a tremendous win for truckers, freight brokerages and at-scale carriers.”

PayPal introduced PYUSD in August 2023, saying the U.S. dollar-pegged stablecoin was designed to contribute to the opportunity stablecoins offer for payments.

The PYMNTS Intelligence and Ingo Payments collaboration “Fast-Lane Finance: Accelerating Payments in the Trucking Industry” found that faster payments can significantly improve cash flow for trucking companies.

Currently, many large customers take up to 60 days to settle invoices, despite having 30-day payment terms, which creates cash flow problems for trucking firms, according to the report. By accelerating accounts payable processes, these delays can be mitigated.

PYMNTS reported in April 2025 that stablecoins seem to observers like a natural fit for B2B payments, as they offer near-instant settlement, reduced costs and greater transparency.