Bitcoin lacks consumer protections. It's actually not a good payment system in that regard. Those protections may or may not be necessary, but if the masses want them, they need to be built on top... maybe paypal is doing this?
That's precisely what I thought when I read "Coinbase Wallets" in the Braintree statement.
If Paypal only accepts Bitcoin from "verified Coinbase customers", they might as well offer buyer's protection / chargebacks etc.
That's not "accepting bitcoin" for their merchants, though.
I fear they're going to "capture the future masses" and make them think they own BTC, but really screw them over with little or no coins in "reserve".