Published on September 1st, 2015 | by bitcoin0
PayPal.Me Launched; Similar to Square Cash, Bitcoin Wallets
Today, the company announced the launch of PayPal.Me, a personal, vanity PayPal link that makes it easy to remind people to send you money.
For U.S. customers, there are no transfer fees when funds are deducted from a bank account or existing PayPal balance.
According to PayPal, there are $51 billion in IOUs from friends and family due to the hassle in chasing down debts.
PayPal announced in September 2014 that it would allow merchants to start accepting bitcoin through its Braintree application through a partnership with Coinbase.
It is rumored that PayPal is investigating further utilization of the blockchain as a way of decreasing fees and increasing the speed of transactions.