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SAP Clients Testing Cross-Border Payments with Circle’s USDC

Customers will receive a designated amount of USDC along with an invoice, enabling them to experience the benefits of fast, affordable, and reliable cross-border payments. In a significant move towards revolutionizing cross-border payments, German software giant SAP SE (ETR: SAP) has made an exciting announcement in this sphere. In a blog post, the company revealed its collaboration with Circle, a leading digital currency firm, to test the use of its stablecoin, USD Coin (USDC) as a means...

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Tech Giants Embark on Layoffs since Beginning of 2023 despite Profitable Quarterly Results  

A recurring pattern of recent employee layoffs among tech giants reveals these companies are hedging against economic uncertainties.  Despite the current economic conditions, a number of tech giants are still likely to embark on company layoffs even though they are turning profits. These layoffs have been ascribed to a slowdown in operational growth and seen as a hedge against economic uncertainties. Across the United States, Europe, and Asia, tech giants such as Microsoft (NASDAQ:...

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AI Chatbots Are Here to Transform the Future of the Banking Industry

Photo: ShutterstockRemember Blockbuster video stores, Nokia mobile phones, the Palm Pilot, and Polaroid cameras? All were once dominant in their respective fields, but no longer. The reason? They were all overtaken by technological advancements that rendered them irrelevant or obsolete in the eyes of their customer base. And something similar is happening in the banking industry. The days of queuing at the counter and having a chat with the bank clerk when your turn comes appear numbered....

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Coca-Cola to Use Blockchain Technology Developed by SAP

The IT company that backs Coca-Cola’s bottle manufacturing supply chain processes is apparently getting into blockchain technology.Dubbed Coke One North America (CONA), the company claims its pilot project that they are evolving together with software provider SAP is going to be widened from two to 70 of the manufacturers who are delivering the 160,000 bottles to Coca-Cola shops daily.The company said on Tuesday that this blockchain project is focusing on improving distribution for all of the...

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SAP Deepens Microsoft Relationship with Three-Year Partnership

German multinational software corporation, SAP has announced recently that it has entered into an official partnership with Microsoft. A Reuters report states that the partnership, which will last for 3 years, is to facilitate the company’s decision to help customers’ move their core business activity and processes, to the cloud.According to SAP’s Co-Chief Executive Officer, Jennifer Morgan, the partnership is dubbed “Embrace” and will assist the company’s many customers to continue their...

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