If Paypal supports bitcoin now, bitcoin will become a better currency.
Wrong.
If PayPal supports Bitcoin, PayPal will become a better and more popular service.
Bitcoin doesn't need PayPal. Coinbase can function as payment gateway without any problems, and can do exactly the same as PayPal is doing, especially if they become a bank themselves at some point.
If Coinbase is being granted a banking license, PayPal can just suck it up and see how they have wasted a precious opportunity to enter a booming industry. EBay ditched them, and now they refuse to make up for that.
This is exactly what's holding back similar financial services. They keep waiting till at some point they realize that they are too late to join the party. First mover advantage matters, and they put it to waste........
Financial services would be commonly hesitates to make first move because they wont able to know on what would happen into their company if they would able to implement such acceptance of bitcoin into their service.
If paypal would accept bitcoin then how they would profit? This is the first thing comes thru my mind.