WYSIWYG editor on Paragraphs text field? How do I enable the WYSIWYG editor on a paragraphs text field in Drupal 8?

Currently, adding a text field (of any type) displays a single line input box.  I'd like this field to be at least a multi line textarea, with preferably, a WYSIWYG editor.  Is there a setting or module I can use to change this ? 

EDIT: I should add that the editor works fine in a field on a content type or block.  It does not load for any text type in a paragraphs field.
If you want to have a multi line textarea with an WYSIWYG editor, you'll have to create, for your paragraph type, a field of type "Text (formatted, long)" and while editing your field, you should choose "Full HTML" as "Text format". Hope this works for you.