TCS Blockchain and PayPal USD Partner to Streamline Freight Invoice Payments

2026-03-06 - 07:03

TCS Blockchain, a transportation trade finance provider, and PayPal USD are working together to improve payment processes for trucking and transportation companies. The collaboration aims to allow carriers to settle freight invoices faster and more cost-effectively using digital assets on blockchain. For decades, carriers have often sold invoices to factoring companies to avoid 30-180 day payment terms, sometimes losing 30% or more of net revenues. TCS Blockchain and PayPal USD aim to address these cash flow challenges in North American supply chains. TCS Blockchain settled the world’s first freight invoice on-chain in 2022 and has since processed nearly 30,000,000 TCS Tokens in B2B settlements. TCS offers same-day funding with non-exclusive agreements, no reserve fees, and costs up to 90% lower than traditional invoice factoring. May Zabaneh “If we were designing B2B payments from scratch, we wouldn’t accept months‐long settlement and layers of fees. We’d expect speed, transparency, and 24/7 availability,” said May Zabaneh, Senior Vice President and General Manager of Crypto at PayPal. “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.” “TCS is on pace for over one-billion in annual freight invoice flows in 2026. Those flows will first move through TCS Token, on the INX-Republic exchange, and then through the PYUSD stablecoin,” said Todd Ziegler, TCS Blockchain CEO. “With PayPal USD, TCS can offer greater savings on invoice settlement and access to the best fuel card on the market. The engagement is a significant development for truckers, freight brokerages, and large carriers.” Carriers onboarded with TCS can set up an INX-Republic account to settle invoices, converting TCS Tokens to US dollars. PYUSD will serve as the back-end settlement currency. Blockchain and digital assets are increasingly influencing the US$3 trillion transport industry. They offer lower costs, faster settlement, and transparent, immutable transaction records. Featured image credit: Edited by Fintech News Switzerland, based on image by mohammadhridoy_11 via Freepik