HUGE: PayPal enables PYUSD for international payments 💸; ClearBank hits profitability amid rising interest rates & expanding customer base 📈; Coinbase is first licensed crypto exchange in Canada 🍁

FinTech is Eating the World, 4 April

Hey Everyone,

Good morning & happy Friday! On today’s radar, we have PayPal which just enabled its stablecoin PYUSD for international payments (a closer look at what it’s all about & why it’s a massive move), ClearBank that just hit profitability amid rising interest rates & expanding customer base (looking at their strong numbers & what’s next), and Coinbase which is now the first licensed crypto exchange in Canada (why it’s BIG news & what’s next + a deep dive into the crypto giant). Let’s just jump straight into the interesting stuff 🌶

HUGE: PayPal enables stablecoin PYUSD for international payments 💸

The news 🗞️ Payments giant PayPal has just made a massive move in its stablecoin strategy. Starting today, customers can now use the company's PYUSD stablecoin to send international money transfers through its cross-border payments service, Xoom.

In other words, this allows users to convert PYUSD to USD and send money to recipients in approximately 160 countries. With $0 transaction fees 😳

Let’s take a closer look at this and see why it’s actually huge.