Bitcoin News Thebittimes.Com

PayPal enables use of PYUSD in cross-border transfers for Xoom users Xoom users in the US can convert PYUSD into USD and send money to 160 countries. Xoom, the international money transfer platform of payments processing giant PayPal, has announced that it now supports the use of PayPal USD (PYUSD) as a funding option for users in the United States. In an announcement today, the cross-border money transfer platform said eligible US users can now convert PYUSD into US dollars when looking to send money to friends and family. PayPal expands PYUSD adoption PayPal USD is a USD dollar-denominated Stablecoin that PayPal launched in August 2023 and its use on Xoom will now see US users able to send money across borders to 160 countries. There’s no crypto sale fee when converting PYUSD to USD and no Xoom transaction fees, the platform announced. “ When we decided to bring PayPal USD to market, we had two objectives we wanted to achieve: create som...

This move has sparked speculation about its potential impact on XRP’s price. A recent substantial purchase of Ripple’s XRP (XRP) token has been detected by the crypto tracking platform Whale Alert. Whale Alert reported a transfer of 66,666,659 XRP, worth approximately $33,065,809, from Binance to an undisclosed wallet. The move has sparked speculation about its potential price impact. In the XRP ecosystem, there have been recent  transfer s of substantial amounts of XRP into secure escrow accounts by Ripple. Notably, 300,000,000 XRP, worth roughly $146,927,854, and an additional 500,000,000 XRP, worth roughly $244,748,526, have been placed in escrow. 66,666,659 #XRP (33,065,809 USD) transfer red from #Binance to unknown wallethttps://t.co/OwwbvEdBNs — Whale Alert (@whale_alert) September 2, 2023 The moves come amid the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC). Ripple’s legal representatives have recently issued a re...