PayPal have release some news that is sure to anger many of its users - they plan to increase fees drastically for sending funds to family and friends. The fees include a flat fee of between $2.99 and $4.99, in addition to a percentage of the funds that are sent.
However, many Bitcoin and cryptocurrency enthusiasts are rejoicing at this news - many believe that this will cause an increase in the amount of people using cryptocurrencies due to their lower fees and fast transaction times.
It will be interesting to see what comes of this news in the coming months.