May I know the reason why does Paypal do not accept bitcoin as payment and/or deposit?! I know that Bitcoin is known widely on the internet so Paypal should accept it as a mode of payment since their forte is through the internet. I hope that someday, PayPal will acknowledge Bitcoin and put it as one of the mode of payment in their site. It will be very convenient for us.
I think this news was about a month ago or a few weeks back, not too sure.
Paypal has only announced its interest in adopting bitcoin to its payment service, but there's no concrete plan yet.
One probably reason why paypal has done this is to be one of the early adopters of bitcoin and be able to set the standards for fees, which they kind of had done with cash. I'm just afraid that their fees would go too much.
News were about the availability of cashout to Paypal account, if you sell BTC, only for US people, so it's only a little step.
The main goal would be the acceptance of Paypal when you buy BTC, but the interest of Bitcoin and Paypal is not the same in these kind of transactions, so we'll see it if it will be worked out or not at all...