Another bitpay like service is in the making it seems! But considering the brand reputation and the merchant base, it can be a good move to push the crypto to another level higher in terma of mass adoption. So I will welcome thia move by Paypal especially after the mess they had created after enabling users to purchase cryptos from them.

Hopefully, they wouldn't come up with useless rules like they did last time and hopefully they would keep their fees low. Otherwise all will go into zapordy!

Step by step paypal just let people entering the new era of cryptocurrency. Paypal just build a condition where there's no people in the world asking for 'what is bitcoin?" anytime soon.
Now don't let your hand out of buy button, price reaction is real.

PayPal is really doing a great thing by helping the Bitcoin adoption. They were not very cool about Bitcoin before like many other companies etc. . But now, they are doing everything they can to be prepared for the future. And there is really a huge interest in Bitcoin among their users too.

That's a bit of a concern. They will probably try to prohibit this service to countries that banned Bitcoin, like a separate app for a specific country. It's not like they can anything about it except to comply with the legalities. Nonetheless, it's a great news since they are actually making more ways for cryptocurrency to get recognize across different merchants.

it seems like they just added the missing part of the duo to their platform. they had the "buy bitcoin" part and now they have added the "sell bitcoin" part.
i am waiting for the day they add the most important part that a service such as this should have already had from start which is to let users withdraw the bitcoins they buy on Paypal and transfer it to their cold storage.

Certainly those sounds good to drive value for this decision.  In it, they seem to decide to add Bitcoin Cash (BCH) to their payment method.  This is also something they cherished after discussing since 2020. I will continue to wait for Mastercard to announce its decision for the revolutionary new transformation we have always been waiting for.
https://cointelegraph.com/news/paypal-to-start-letting-us-customers-pay-in-bitcoin-at-global-merchants

They have just updated their previous crypto policies and now letting users convert their Bitcoin,BCH,Litecoin holdings in paypal wallet in exchange for fiat at the time of shopping with merchants just like Debit or credit cards.This is indeed good decision made by them which is surely going to boost btc adoption because paypal have one of the largest user base globally but I think this service is only available to US citizens at current which is not right.They are just following their competitors like Visa and MasterCard.They will hold the supply of Bitcoin which people will convert into fiat as they need to store btc as their assest reserve as they want profits in the long run.

But paypal isn't available in my country. Though bitcoin is not marked as legal currency in my country but it is available and other altcoin are also available. Then how we will take the benefits of PayPal's this feature?

And I came across with this token on PayPal
https://coinmarketcap.com/currencies/paypal-tokenized-stock-ftx/
Is already of high value, the bitcoin connection with PayPal is going to get us woken up with unimaginable spike soon.
Is really a bull for btc hodlers.