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Many freelancers and micro, small, and medium enterprises (MSMEs) have been finding ways to keep their portfolios strong in the wake of the COVID-19 pandemic. But some businesses that have long driven growth in many economies may struggle to keep their businesses afloat in an increasingly digital-first culture.
PayPal Holding Inc (NASDAQ: PYPL)'s recent Cross Border Trade (CBT) Report 2021 indicates that cross-border trade is a multibillion-dollar opportunity that may enable much-needed growth for MSMEs and freelancers.The study comes as increased global connectivity continues to contribute to "borderless" economies in response to the pandemic's effect on brick-and-mortar businesses.