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PayPal’s international remittance service Xoom offers free remittances to users of stablecoin PYUSD

PayPal’s international remittance service Xoom offers free remittances to users of stablecoin PYUSD

CointimeCointime2024/03/08 14:51
By:Cointime

Users of PayPal's international remittance service Xoom will not have to pay any fees if they use the company's stablecoin PYUSD for transfers. Jose Fernandez da Ponte, Senior Vice President of PayPal, stated in an interview that Xoom senders will not have to pay any customary fees (the industry average is 2%), while recipients will receive the funds in local currency as usual.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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