Paypal will always be superior to bitcoin simply because cryptocurrencies can never replace fiat. Bitcoin can become quite popular but a regular guy will never try to touch it because he will automatically think that it's some sort of scam. With all the articles on the Internet that's saying bad things about bitcoin, they are simply confirming that bitcoin is associated with illegal transactions. We can never remove that from bitcoin's reputation.
Paypal is such an easy website to use. You simply connect your bank account and that's it. There's no scaling issues, no transaction time + fee issues. Paypal is just like online banking. You send, and receive money. Bitcoin is pretty much the same but people are too lazy to understand the underlying information that makes bitcoin look complex.
That is certainly true, mate. Bitcoin has often been associated with illegal activities, due to things that happened in the past. Those things will never be forgotten, even if Bitcoin continues to rise in the future. One thing that a payments system needs is a good reputation, and user friendliness to achieve mainstream adoption.
While PayPal has been in the scene before Bitcoin, there is a possibility of the pioneer cryptocurrency to become closer to tradtional payment processors. It may co-exist with existing payment solutions for fiat, but may never replace fiat itself. We could combine the goodness of decentralization with Bitcoin, and the convenience of traditional banking with PayPal, to manage our wealth efficiently.
Nevertheless, it is up to this date where cryptocurrencies like Bitcoin have issues regarding scalability for the large masses. When this becomes fully solved while preserving decentralization, it could become a game changer as people would prefer to use it more than traditional payment processors like PayPal. Just my thoughts.
