Solving Factoring: How Blockchain Settlement Can Save up to $30K in Net Revenue Per

TruckCoinSwap (TCS) is a freight invoice settlement company – NOT a factoring company. Most carriers who factor don’t realize the 3-6% fee, annualized, is a 25-35% hard money loan rate for cash advances. Many carriers at scale, not factoring, don’t realize rampant inflation is eroding their invoice values – about 1% per month. If a shipper is on 90 day terms, inflation is eating 3% or more of the invoice value.

Utilizing blockchain tech, TruckCoinSwap provides fast and free invoice settlement to carriers in 3-5 business days through the TCS mobile app. The process is identical to using a factoring app. By eliminating factoring costs, the TCS solution can now save carriers up to $30,000 in net revenue per year, per truck.

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The purpose of the TCS educational sponsorship is to help MATS attendees improve their careers and profitability by understanding the value of this innovative fintech solution. For carriers, recapturing up to $30,000 every year is a game changer. For some it’s a big pay raise, for some it’s growth capital for a new truck or trailer, for others it’s a long-needed vacation. Most Americans don’t wait 30-180 days to get paid. Most American’s aren’t forced to pay 25-35% loan rates. The world has changed, and the epidemic of freight invoice factoring and inflaton is solved by TruckCoinSwap.