Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Online payments giant PayPal now supports cross-border stablecoin fund transfers for US customers
ALTCOIN NEWS

Online payments giant PayPal now supports cross-border stablecoin fund transfers for US customers

By Crypto FlexsApril 6, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Online payments giant PayPal now supports cross-border stablecoin fund transfers for US customers
Share
Facebook Twitter LinkedIn Pinterest Email

PayPal has launched a new service that allows users to fund cross-border transfers using PayPalUSD (PYUSD), a US dollar-pegged stablecoin that it unveiled in August last year.

PayPal said in a new statement that U.S. users of money transfer provider

When a user selects a new funding option, Xoom will convert PYUSD from the connected PayPal cryptocurrency hub to USD without any cryptocurrency selling fees. The recipient then receives the funds in the fiat currency of the sender’s choice.

PayPal said Xoom does not charge transaction fees for stablecoin fund transfers, but exchange rates and conversion spreads apply to transfers received in currencies other than the U.S. dollar.

PayPal and Xoom have launched new services as the global average cost of remittances remains high at 6.18%, according to the World Bank’s Q3 2023 report.

says Jose Fernandez da Ponte, senior vice president of PayPal’s Blockchain, Cryptocurrency and Digital Currency Group.

“Offering Xoom’s U.S. users the option to fund cross-border money transfers using PYUSD promotes mainstream adoption of cryptocurrency while providing an easy way to send money to friends and family securely and at a low cost. It’s based on what we want to do.”

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Ethereum’s ‘impulse breakout’ will lead to ETH price reaching $15,000 in 2025 — Analyst

December 7, 2024

Binance Co-founder Yi He Says CZ Is in a ‘Positive Situation’ in the US: Report

April 19, 2024

Hugo Meme Coin unveils AI-driven transparency tools as multi-chain scaling begins.

January 26, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.