PayPal Partners with Xoom for Global Stablecoin Payments

CoinMarketCap11-20 22:44

PayPal said it has partnered with Xoom to improve cross-border payment functionalities using its stablecoin, PayPal USD (PYUSD). The payment giant noted in an announcement shared on November 19th that...

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The payment giant noted in an announcement shared on November 19th that...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/673df5d6d48bf0393112967a/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PayPal Partners with Xoom for Global Stablecoin Payments</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayPal Partners with Xoom for Global Stablecoin Payments\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 22:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/673df5d6d48bf0393112967a/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PayPal said it has partnered with Xoom to improve cross-border payment functionalities using its stablecoin, PayPal USD (PYUSD). The payment giant noted in an announcement shared on November 19th that...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/673df5d6d48bf0393112967a/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4554","symbol_name":"元宇宙及AR概念","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/673df5d6d48bf0393112967a/","article_id":"2484148699","we_media_id":null,"thumbnails":["https://s2.coinmarketcap.com/static/cloud/img/news/placeholder1.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484148699","pubTimestamp":1732113878,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"PayPal said it has partnered with Xoom to improve cross-border payment functionalities using its stablecoin, PayPal USD . The payment giant noted in an announcement shared on November 19th that the move will help improve PYUSD’s reach in Asia and Africa.And will also ensure faster settlement of transactions beyond traditional banking hours.Stablecoins play a huge role in cross-border transactions, especially in Asia and Africa, where locals rely on stablecoins to store and move money. Through partnerships with payment providers Cebuana Lhuillier and Yellow Card, PayPal plans to implement the use of PYUSD for cross-border payments in Africa and Asia.Yellow Card’s CEO, Chris Maurice, believes stablecoins like PYUSD have huge potential to change global finance. Officials at PayPal state that this integration will help improve financial inclusion.The move is part of PayPal’s effort to expand the use of its PYUSD stablecoin. The payment provider launched the stablecoin in 2023. Despite bein","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4585":"ETF&股票定投概念","BK4227":"交易和支付处理服务","BK4566":"资本集团","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4588":"碎股","BK4551":"寇图资本持仓","LU1861217088.USD":"贝莱德金融科技A2","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","PYPL":"PayPal","BK4581":"高盛持仓","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","BK4527":"明星科技股","BK4524":"宅经济概念","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","BK4535":"淡马锡持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4534":"瑞士信贷持仓","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","BK4106":"数据处理与外包服务"},"translate_title":"PayPal与Xoom合作开展全球稳定币支付","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PYPL":1},"content_text":"PayPal said it has partnered with Xoom to improve cross-border payment functionalities using its stablecoin, PayPal USD (PYUSD). The payment giant noted in an announcement shared on November 19th that the move will help improve PYUSD’s reach in Asia and Africa. \nAnd will also ensure faster settlement of transactions beyond traditional banking hours.\nPayPal Expands PYUSD for Cross-Border Payments\nStablecoins play a huge role in cross-border transactions, especially in Asia and Africa, where locals rely on stablecoins to store and move money. Through partnerships with payment providers Cebuana Lhuillier and Yellow Card, PayPal plans to implement the use of PYUSD for cross-border payments in Africa and Asia.\nYellow Card’s CEO, Chris Maurice, believes stablecoins like PYUSD have huge potential to change global finance. Officials at PayPal state that this integration will help improve financial inclusion.\n\nBig News \nWe’re proud to team up with @PayPal and @Xoom to bring faster, cost-effective cross-border money transfers using PayPal USD (PYUSD)! [ 1/3] pic.twitter.com/9RcQH3m8Kg\n— Yellow Card App (@yellowcard_app) November 19, 2024\n\nIn addition, the integration will enable PayPal to send funds to their African recipients. Interestingly, these transactions would have options to either deposit funds in mobile money accounts or local bank accounts.\nA Growing Expansion Plan\nThe move is part of PayPal’s effort to expand the use of its PYUSD stablecoin. The payment provider launched the stablecoin in 2023. Despite being newer than older stablecoins, PYUSD already boasts a higher market cap than FRAX and EURC. And is currently the sixth-highest stablecoin by market cap.\n\n\n  Source: CoinMarketCap\n\n\nAs part of its expansion plans, PayPal already launched PYUSD on Solana, in partnership with Crypto.com, Paxos, and Phantom. Additional initiatives include a rewards program in partnership with Anchorage Digital, incentivizing users to hold PYUSD within its ecosystem.\nDespite its growing reach, PYUSD competes with market leaders like USDT and USDC, which dominate with significantly higher adoption and liquidity. However, PayPal’s focus on emerging markets and partnerships with regional payment providers give PYUSD a unique edge in areas underserved by traditional financial services.\nDisclaimer\nThe information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd\nThe post PayPal Partners with Xoom for Global Stablecoin Payments appeared first on Altcoin Buzz.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484148699"}