TechFlow news, September 12 — 361 Degrees (01361.HK) announced that the company is currently exploring solutions for stablecoin-based payment and settlement for product sales outside mainland China, covering offline stores, e-commerce sales, supply chain services, and digital ecosystem businesses abroad.
In this regard, the Group has opened an account with an independent third-party service provider specializing in omnichannel digital payment solutions connecting fiat currencies and stablecoins, helping enterprises achieve efficient and seamless global value transfer. Global corporate adoption of cryptocurrencies is steadily increasing.
The Group believes that integrating virtual assets will create significant business opportunities. The Group serves numerous cross-border e-commerce and overseas offline store customers who have ongoing needs for local payments and cross-border settlements. Adopting stablecoin payments can enhance payment efficiency and reduce costs, thereby better meeting the demands of cross-border e-commerce customers. This payment method is also expected to reduce foreign exchange risks the Group faces when transacting with customers outside mainland China. (Jinshi)
