Xoom enables overseas transfers to 160 countries via PayPal stablecoin
PayPal’s international payment service, Xoom, will allow U.S.-based users to send money overseas using PayPal’s stablecoin, PYUSD. The new option allows conversions from PYUSD to U.S. dollars, facilitating remittances to around 160 countries without any fees from Xoom. Users can transfer funds directly to bank accounts, mobile wallets, or pick-up locations abroad, but currency conversions from USD will include...