PayPal’s updated app is its first step to becoming your bank

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Image: PayPal

PayPal is updating its mobile app with a new visual design, support for a high-yield savings account, and a way to find coupons in-app. In the past, the company prioritized sending and receiving money and cryptocurrencies, but its new app is trying to be a little bit of everything to everyone, and it’s available today.

The immediately noticeable change is a visual one. The old payment-focused PayPal app put sending and receiving money at the forefront, with your account balance the first thing you see when you open the app. The PayPal app’s new “homepage” is a dashboard of sorts with quick access to your balance, the amount of crypto you own, and your frequent contacts. It sorts other options under dedicated tabs and hubs.

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