Text: Rich - clear formatting / paste plain text

It looks like pasting text copied from the internet or MS Word documents brings with it unwanted formatting. e.g. white background for the text.

Is it possible to either have a clear formatting or paste plain text option?

The right click menu looks like the best place to do this!

Paste and Match Style has been added for version 20.10.


It should also be added as an option that appears in the right click menu.

Previously, that was a built-in menu, but there is a way to override it, and I just did.
But also I renamed this as Paste Text Only.