Thursday, April 18, 2024
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Posted by: Sierra Lindemann
Xoom, PayPal's cross-border money transfer service, now allows U.S. users to fund transfers with PayPal USD (PYUSD), a stablecoin, offering a cost-effective option with no Xoom transaction fees. This move aligns with growing consumer demand for cheaper cross-border payments, especially considering the global average cost reported by the World Bank. Users can easily convert PYUSD to USD within their PayPal Cryptocurrency Hub, ensuring secure and efficient transactions to over 160 countries.
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