Yes, Bitcoin will overcome paypal for the below reasons
1.Very low transaction fees.
2.Instant transfer
3.Merchants will prefer it in future as payment is irreversible.
4.No need to provide your personal details.
Agree. Those key points are what makes Bitcoin a very useful payment processor, leaving you with complete freedom over your funds. You can lend, trade, earn, and even make a living with Bitcoin. There is no central operator (unlike PayPal) which has control over your funds. No one can freeze of seize your funds, leaving you with complete control of your money with just your private key.
As for point #2, Id say that Bitcoin would need to improve in that part, as transactions over the BTC network takes hours to confirm. Once BU or SegWit gets approved, then things will change drastically for the digital currency, making it rival traditional payment processors like PayPal, Visa and MasterCard.
I think that for point #2, Dash is suitable for instant transactions, as it has InstantX technology, making transactions confirm in an average of 2-3 seconds.
Nevertheless, I hope that Bitcoin would gain enough traction, and stability for it to become a stronger rival against centralized payment systems. Just my opinion.
