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

03/08 14:44

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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.

PayPal USD $1.00

-0.01%

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