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PayPal adds savings to revamped super app


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https://www.finextra.com/newsarticle/38877/paypal-adds-savings-to-revamped-super-app

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PayPal has given its app a major overhaul, adding a savings account and new in-app shopping tools and messaging features.

As it continues to move beyond its core payments services, the firm has redesigned the app in an effort to offer "customers the best place to manage their financial lives," says a statement.

PayPal has joined forces with Synchrony Bank on a high yield savings account with a 0.40% annual percentage yield with no minimum balance or monthly fees. 

 

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1) Good for PayPal. They add products and services to their lineup much faster than Ripple does.

2) 0.40% APY is a high yield savings account? TradFi is a joke. If DeFi can find a way to become more accessible, it will dominate savings for ordinary people with 2-digit interest rates on stablecoins.

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