PayPal's Xoom to Begin Allowing Cross-Border Stablecoin Payments
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PayPal's Xoom will allow cross-border stablecoin payments using PayPal USD, enhancing its cross-border money transfer services.
November 19, 2024 | 8:15 pm
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PayPal's Xoom is set to enhance its cross-border payment services by allowing the use of PayPal USD for stablecoin payments, potentially increasing its market share in global money transfers.
The introduction of stablecoin payments via PayPal USD through Xoom could attract more users to PayPal's platform, enhancing its competitive edge in the cross-border payments market. This innovation aligns with the growing trend of digital currencies, likely leading to positive investor sentiment.
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