PayPal has announced the release of a new app billed to exist a ane-stop-shop for all of the digital payment needs of the company'due south customers.

As previously reported past Cointelegraph, PayPal CEO Dan Schulman stated back in July that the company'due south super app was ready for a rollout in the United States.

Co-ordinate to a release issued on Tuesday, the new PayPal app volition enable users to admission all of the company'due south digital fiscal products.

The new app covers both crypto and non-crypto use cases with a wallet tab to manage cryptocurrency payments and high yield savings.

Indeed, the PayPal announcement included a partnership with online bank Synchrony Bank to provide a high yield savings business relationship via the new app.

Every bit function of the announcement, the digital payments giant revealed that customers could receive upwards to 0.40% annual percentage yield on their savings with the new app.

Customers will also exist able to withdraw their earnings from the savings business relationship to their PayPal balance to utilise in online shopping.

Other features mentioned include beak payments, cashback and rebates, as well every bit direct deposits. The latter feature will reportedly enable customers to receive payments two days earlier.

Related: PayPal users will be able to withdraw crypto to external wallets

PayPal also said it plans to add more features to the app in the coming months, including offline QR code payment and investment capabilities. In August, Cointelegraph reported that PayPal was considering a foray into the retail stock trading arena.

The announcement of the new customer app comes only a few days later on the company debuted crypto trading for users in the United Kingdom.

Schulman has previously argued that digital payments volition become even more, stating dorsum in December 2022 that the fourth dimension was ripe for mainstream adoption of cryptocurrencies.