Once, PayPal was one of the companies that were against cryptocurrencies and weren't leaning towards them. However, this has changed after some time period. They started being one of the biggest supporters suddenly. They started working on integrating cryptocurrencies in their system also and here it is! Now, we are seeing PayPal increasing their branches which are supporting cryptocurrencies also. They have millions of users (around 392 million to be precise) so they can benefit from this a lot I think.

they are finally allowing other countries from EU, someday probably in months they will also allow Asian countries. the privileges they give to those who are dear to them.
the disadvantage is still there because like it's said below, they are still now allowing withdrawals. but keeping the fake coin in your paypal BTC address still can give you nice profitwhen the price reaches $100K.

Exactly and based on the following "FAQ for US" users, looks like they still don't have that feature, so it's going to take a long time before we could see such a feature for the UK users.

I wonder what's stopping them from partnering with a provider to speed it up?

I highly doubt they would expand to the Asian market anytime soon... Based on the following quote, I strongly believe Germany would be next while none of the Asian countries are in the top 7 in terms of "active daily users":

• Quote from: https://hostingtribunal.com/blog/paypal-statistics
  (Source: Statista)
  
  Breaking down the number of PayPal users by country, the UK and Germany are at the top of the European list, each with more than 300,000 daily active users.
  
  They are followed by France (96,124), Italy (71,811), Russia (69,306), and Spain (55,000).

PayPal is doing well by including (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) to its users that will only be available to verified customers.
The way I understand it, when we can only buy, hold, and sell cryptocurrencies, we are endorsing the product.
For PayPal to maximize its usefulness and increase its uses throughout the chain of associated clients.
For the crypto community it is important because by having PayPal we will be adding more utility.

I think this is a very good mechanism, everyone can easily adopt bitcoin. paypal including the world's leading fiat wallet that has been around for a long time and now paypal can easily buy bitcoin in cryptocurrency. It has been seen now that bitcoin has entered the range of the best investments in the world. many countries used to be against and against cryptocurrencies, but are now starting to adopt them because the prospects are very good for future assets.

That's great but not surprising, Paypal already showed the world that they are going to be friendly with bitcoin and bitcoiners, there are even already a few more topis here on the forum about PayPal integrating with bitcoin and accepting bitcoin. However, using bitcoin through PayPal can make your bitcoins centralized because you are actually forced to do KYC, actually, this can be another way for governments to people make pass the KYC steps indirectly and have more control over the transactions, otherwise, the government would not accept such thing happening in the UK or any other country.

We can agree that Paypal doing it for the sake of self-interest, but their possible effect on the future of Bitcoin is exaggerated, IMO.

About the internal transfer, the cryptocurrency biggest exchange, Binance, even has an internal transfer feature, yet it does not significantly cause any centralization within Bitcoin. So, I don't see the point why Paypal would cause/act differently than what that example does. As they rolled out the feature, they still only facilitate the user only to "buy, hold and sell", and still testing out how their user behaves before implementing further features.

My point of view is the feature they rolled out is great as a network effect for Bitcoin. At the very least, some users are able to see "what's happening" within cryptocurrencies spaces. I presume that would spark the interest some users to learn more about Bitcoin, in the hope they will choose the self custodian solutions in the near future.

I agree with you but the information that was really in the public domain was bring able to buy crypto using a USA PayPal account and no other but now that this information is getting into public domain this will make it super easy for anyone having this account to acquire some crypto for themselves. At this rate we moving with supporting services and regulations all in favor of bitcoin and cryptos in general we should be bullish on the price of btc.

This is exactly what I was looking for while reading posts in this thread. The real concept of BTC was P2P cash transfer, instantly and with anonymity by eliminating the middlemen. With PayPal these objectives cant be achieved, rather its just like traditional money transfer. Where you pay banks fee (not to forget banks have full authority to cancel the transaction), do KYC, wait for days bla bla.
In my opinion, real win for BTC will be when such institutes will accept BTC in its original form aka decentralized BTC.