So, they are basically saying that BTC has to do all the work on its own and once it's already taken over the world PP will embrace it. That's not how it works. If you do that you'll be one of the last to do it. In other words, you'll get left behind. I don't really care, it's your company, but it already is a better currency, you're just too ignorant to notice.
Interesting. In other words, bitcoin has the obligation to be a 'better currency' in order to be accepted by the company. To begin with, bitcoin is not even considered as a currency to other countries since it does not follow the requisites to be a currency. Some countries treat cryptocurrencies in general as an alternative way of earning income. Not to mention, few countries even consider it as an asset than a currency.
There is no standard definition of what 'bitcoin' truly is as it depends on the country that you are dwelling. You are right that once countries start to accept its legality and status, bitcoin would be considered as something that will be inviolable and indispensable and companies like paypal or other relevant companies will have no choice but to adapt and follow it. The only question that matters is- WHEN?
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........
I think the benefit goes both ways since it can be considered as mutual. If bitcoin has been accepted into the platform of PayPal, then its potential throughout in terms of being accepted is endless. Other large trading platforms may follow this step and accept bitcoin as an alternative payment for their products/services.On the other hand, more people would start to utilize PayPal- which ultimately increases their customers and users using their website as a trading platform.
