Paypal will never help Bitcoin gain more widespread acceptance. Bitcoin is their competition and even if they publicly say they are considering using it in their system (which many gullible people believed and took at face value), it just won't happen.
Paypal has a near monopoly in their market and has monopolistic pricing and they are going to protect that however they need to. They sure aren't going to help Bitcoin, which could hurt them in the long run.
Paypal has a near monopoly in their market and has monopolistic pricing and they are going to protect that however they need to. They sure aren't going to help Bitcoin, which could hurt them in the long run.
Offering zero risk of chargeback fraud to services and people who previously were not eligible to use paypal, thus massively increasing their userbase, is hardly damaging their business model. This action would only go to improve their market share and hedge against further (and inevitable) use of digital currencies.
Paypal have one and only one chance to win from the bitcoin competition, and that is to adapt and intertwine it alongside their current system before it is too late and one of their competitors does it first.
End of story
