PayPal has tapped Xoom to enable cross-border payments using its stablecoin, PayPal USD (PYUSD), and to expand access to PYUSD in Asian and African markets.

Cointelegraph

PayPal taps Xoom for cross-border stablecoin payments

PayPal will begin letting its disbursement partners use PayPal USD to settle cross-border money transfers. The new service will be offered through PayPal’s Xoom cross-border payments business, according to a Tuesday (Nov. 19) press release. Philippines-based financial services firm Cebuana Lhuillier and Africa’s Yellow Card are the first users. “Cross-border transactions are an important driver for economic growth and prosperity in developing co…

PYMNTS.com

PayPal’s Xoom to Begin Allowing Cross-Border Stablecoin Payments

PYUSD Stablecoin Will Help Build Foundational Pathways to Upgrade Global Payment Rails Today PayPal announced it will be enabling disbursement partners to use PayPal USD (PYUSD) to settle cross-border money transfers made with Xoom. Cebuana Lhuillier and Yellow Card will be the first Xoom disbursement partners to use PYUSD to settle cross-border money transfers, allowing them to leverage the cost and speed advantages of blockchain technology. Th…

GlobalFinTechSeries

PayPal PYUSD To Bring Speed and Reduced Costs to Cross-Border Payments with Xoom

PayPal has announced that its disbursement partners can now use PayPal USD (PYUSD) to settle cross-border money transfers via Xoom, its digital remittance platform. Xoom, a PayPal service, offers digital remittance services in over 160 countries, providing users with a convenient platform to send money, pay bills, and reload phones. This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain…

Fintech Singapore

Xoom Enables Partners to Use PayPal USD for Faster Cross-Border Payments - Fintech Singapore

PayPal Holdings Inc. has made another move in its efforts to leverage its Xoom cross-border payments platform for its stablecoin, PYUSD. The payments giant early Tuesday said Xoom users will be able to use PYUSD to settle money transfers they make through the service. The news comes just seven months after PayPal announced users could convert their PYUSD to U.S. currency for transfers to other parties. With the latest move, PayPal will be able t…

Digital Transactions

Xoom Users Can Settle Transfers in the PYUSD Stablecoin, PayPal Says - Digital Transactions

PayPal has launched an initiative with Xoom to use the stablecoin PYUSD in cross-border payments. The partnership aims to expand the use of PYUSD in Asia and Africa, improving the efficiency of global transactions. Let’s see all the details in this article.  PYUSD, la stablecoin di PayPal, aims to revolutionize international transactions PayPal has announced a significant step in the evolution of digital payments, utilizing the Xoom service to e…

digitalcurrencyresearch.io

PayPal enhances global payments with PYUSD through the partnership with Xoom – Digital Currency Research

Today PayPal announced it will be enabling disbursement partners to use PayPal USD (PYUSD) to settle cross-border money transfers made with Xoom. Cebuana Lhuillier and Yellow Card will be the first Xoom disbursement partners to use PYUSD to settle cross-border money transfers, allowing them to leverage the cost and speed advantages of blockchain technology. These forthcoming integrations will help drive financial inclusion by providing more wide…

Fintech Finance

PayPal expanded the availability of its PayPal USD (PYUSD) stablecoin to facilitate cross-border payments in Asian and African markets.  PayPal, the largest debit-based electronic payment system, announced its financial partners... Сообщение PayPal Expands Availability PYUSD for Cross-Border Payments появились сначала на CoinsPaid Media.

PayPal taps Xoom for cross-border stablecoin payments

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