PayPal Enables Money Transfers Abroad Using PayPal USD

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PayPal Enables Money Transfers Abroad Using PayPal USD
PaypalMoney TransfersAbroad
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PayPal allows all U.S. users outside Hawaii to send money abroad using U.S. dollars converted from PayPal USD (PYUSD). The service, powered by PayPal's Xoom, offers a convenient and fee-free option for cross-border money transfers.

PayPal will allow all United States users outside the state of Hawaii to fund money transfers to family and friends abroad using U.S. dollars converted from its native stablecoin PayPal USD (PY USD ). The service, powered by PayPal’s Xoom , is able to fund money transfers via PY USD to more than 160 countries with no Xoom transaction fees. By introducing the option to fund cross-border money transfers with USD converted from PY USD , Xoom now offers an easy and reliable way for U.S.

users to send money abroad using PYUSD as a funding source. When this option is selected, Xoom will convert the PYUSD in a U.S. user's PayPal Cryptocurrency Hub to USD currency with no crypto sale fee, and recipients will receive funds in the fiat currency selected by the sender. Through the service, funds can be sent abroad either to a recipient’s bank account, a mobile wallet address or to a financial institution for pickup. Transactions not denominated in U.S

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