Yes more people are getting informed about bitcoin the benefits of transactions using bitcoin outweighed that paypal. In bitcoin verification process is less stressful unlike PayPal, agents are getting paid by people to verify their paypal accounts unlike bitcoin.
Exactly. As PayPal is regulated and centralized, law requires it to verify its users. In contrast, Bitcoin gives you freedom by allowing to quickly accept it without the need for ID verification, having access to bank accounts nor credit/debit cards. The fees are extremely low, and you can send money to anyone in the world in a cheaper way than traditional payment methods.
However, while the advantages of Bitcoin are numerous, PayPal has been an established payment processor for quite some time, leaving its trust to recognized merchants and businesses. I believe that as time goes by, and Bitcoin matures, it will become more recognized, eventually making it a mainstream currency. There are some issues that need to be solved first before Bitcoin can really become used in the mainstream world.
Nevertheless, Bitcoin's future is uncertain which would lead its doubts towards becoming a full-fledged digital currency to handle massive transaction capacity, due to its never-ending scaling debate. If no consensus is reached, then another cryptocurrency might take the lead and become a better competitor against traditional payment processors like PayPal. Just sharing my thoughts.
