that guy on reddit is just a troll trying to raise the price in his favour
I also think so.
we have to ask ourselves the question, what would paypal gain right now by accepting bitcoin as a form of payment?
Right now I think they'd would loose a lot. They obviously can't take 10% fees from bitcoin. People would think that it's a ripoff.
Them adopting
BTC would cause massive adoption by businesses and they'd loose a lot of revenue from fiat.
Maybe in 5 years. Not too fast [to keep revenue high], not too late [to still be in business when fiat starts dying].
The longer they wait, the longer companies like BitPay gain market share. Secondly the longer they wait, the longer they risk some other big-name established company coming in and taking over the Bitcoin payment scene (or partnering with BitPay). Thirdly, working with Bitcoins would open the door to in-store revenue for paypal (picture every brick and mortar store having a paypal bitcoin machine at the cahier desk). Fourthly, it would open to the door to more global opportunities in countries where their current system isn't being used, as well as put Western Union and Moneygram out of business with paypal's bitcoin-remittences. Lastly, and I don't know the legality of this, but if they own a bunch of Bitcoins, they could make a ton of money off the price increase that would come with their integration as well as the furthered adoption it would bring.
