PayPal's Xoom to Begin Allowing Cross-Border Stablecoin Payments
PYPLPayPal(PYPL) PYMNTS.com·2024-11-20 03:56

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 countries,” Jose Fernandez da Ponte, PayPal senior vice president o ...