Xoom customers in the US will not be charged any transaction fees by PayPal.
The USD-pegged stablecoin was released by PayPal in August of 2023.
Users may now fund international Xoom transfers using PayPal USD (PYUSD), the company’s dedicated stablecoin linked to the U.S dollar. This is a new feature that Xoom, a PayPal cross-border money transfer service, has introduced.
Xoom customers in the US will not be charged any transaction fees by PayPal when they fund qualified transactions to more than 160 countries, according to the company’s statement. At a time when people are looking for cheaper ways to send money abroad, Xoom has introduced a new innovation.
Facilitating International Transfers
Due to the high expense of international money transfers, this is of the utmost importance. To capitalize on the industry’s growth, Ripple partnered with Onafriq to facilitate international money transfers across the GCC, Africa, the United Kingdom, and Australia.
An internatio
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