New PayPal service: international transfers in PYUSD for US customers
Date: 2024-04-08 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
US users can take advantage of the new service through Xoom, which allows them to convert US dollars to PYUSD and send funds to 160 countries worldwide with no transaction fees.
Economical options for international payments
PayPal is responding to users' demand for cost-effective options for cross-border payments, especially given the World Bank's high costs for such transfers.
The company promises a high level of security and speed of processing international transfers using PYUSD.
Goals and prospects of PYUSD
PayPal's senior vice president emphasized the goals of introducing PYUSD to the market: creating an asset with stable value and its utility for commerce and payments.
PayPal continues to work on integrating the PYUSD stablecoin into various areas and ecosystems, including decentralized exchanges.
The daily trading volume of PYUSD continues to increase, indicating the growing liquidity of the stablecoin in the decentralized finance sector.
PayPal also previously invested $6.5 million in the startup Mesh, continuing to actively participate in the development of innovative technologies.
