Paypal’s Xoom adds PYUSD as funding for cross-border money transfers
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…
Russia’s Exved launches cross-border crypto payments with Tether’s USDT
The platform supports Tether’s USDT stablecoin. Exved has garnered regulatory approval from the Bank of Russia and the Federal Financial Monitoring Service of the Russian Federation. Exved, a Russian digital…
Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera
Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances. The pilot on the Hedera network involved cross-border stablecoin payments using South Korean won (KRW), the Thai Baht…
Authorities dismantle a cross-border crypto fraud network in Europe
The cross-border fraud network used call centres to defraud victims. The network operated in Germany, Serbia, Cyprus, and Bulgaria. 15 people connected to the network have been arrested so far.…
EU tightens sanctions against Russia with cross-border crypto ban
EU regulators have announced new cross-border crypto sanctions against Russia, banning crypto wallet accounts… The post EU tightens sanctions against Russia with cross-border crypto ban appeared first on CoinJournal.