This device could be used for a PayPalCoin in the future.
This is my first thought about this news, that they will try to make their own coin. That thought is not new, its just one of the ways how big players plan to come into blockchain technology. From beginning in my thought, most logical step for them would be to make their own coin, and with big money they can sponsor it, pay for good advertising, and what is more important they have their own big clients.
You said nicely PayPalCoin, it will be interesting if they appear in the future with same name.
It is very unlikely that Paypal will accept bitcoin anytime within the next 5 years.
Agree with this, it will be interesting to see their decisions regarding blockchain. For example what will happen if they make new coin: They need to start accepting btc? Or they will try to skip that, to be able to buy coins on some exchanger?