crypto shipping

DP World promotes stablecoin to ease cross-border payments

The shipping and logistics conglomerate is currently working with firms in Singapore, India and the UAE on the digital currency project

Containers are loaded onto a container ship at a DP World terminal in the U.K. Port of Southampton Getty Images)

DP World is touting stablecoin as an alternative form of payment for its cross-border shipping operations.Sultan Ahmed bin Sulayem, the Dubai-based port operator’s Chairman and CEO, said that introducing the government-regulated digital payment method would address a critical gap...