PayPal launching instant money transfers directly to bank accounts

Despite the rising popularity of services like Cash and even some social networks like Facebook and Snapchat, PayPal is still the leading peer-to-peer money service on the market. Nearly every shopping site on the web offers a PayPal option during checkout, with the company handling over $ 7 million in transfers every hour. Now, the company aims to make it quicker and easier to transfer funds to bank accounts.