Gravis Ludus' Carl Williams writes, "Today, Paypal opened up their new payment portal option that is supposed to make it easier for people to send and request money from people. This is supposed to be easier than going to the main Paypal site and then logging in and then remembering the address of the person you are trying to send money to. It probably is but will it catch on? I mean, even Snapchat allows people to send money to other Snapchat users. We have Square and Venmo in similar fields, or about to be, and countless others that are trying to make it easier for people to roll cash around on the Internet, for a fee of course."
The biggest banks, spotting a threat in the tech sector years after it became established, want to compete with Apple Pay, Samsung Pay and others
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The new feature gives users more options for handling the cryptocurrency they hold in their PayPal wallets.