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PayPal Stock Dips as Apple Unveils Simplified Money Transfers

PayPal Stock Dips as Apple Unveils Simplified Money Transfers

PayPal stock dipped lower after Apple unveiled a way to simplify transferring money through Apple Cash. With iOS 18, iPhone users will be able to tap phones with someone else, and swap Apple Cash without having to share personal information, the tech giant announced at its Worldwide Developers Conference on Monday.