New Dropbox Version ‘Paper’ Announced

It was only a few months earlier that Dropbox had announced a note- taking tool called notes, and launched it on the invitation only beta test. However, today this particular tool has officially been branded as Dropbox Paper. It is yet too early to tell if Paper will be able to keep up with tools from Microsoft, Google, and others, however, this new tool comes with some new features. 
 
Image Source: dropbox.com
 
As of now Paper is web-only app, you can only gain access by login into your Dropbox account. For now Dropbox Paper is basic, it supports only one kind of font, which is available in three sizes. It also supports basic features such as, italics basic bold, strikethrough formatting, underlining and format texts into block quote.
 
Dropbox has specifically stated that the main purpose of Paper is sharing ideas and not formatting.