Pretty sure Paypal allowed people to buy Bitcoin since like 5 or 6 years ago

With the dynamics that are happening in the USA with the regulation of bitcoin, I assume that US citizens will have no other options for purchasing bitcoin in any other way than from PayPal (or other companies providing a similar service).

Also, for many people (for example, the elderly and uneducated), buying, storing, using bitcoin is something extremely complicated and therefore, such people will be very happy to use the services of intermediaries, like PayPal. Which, in a way, also act as a guarantor of security, which will be taken advantage of by their clients who want to shift responsibility to Paypal.

One thing I am sure of is that PayPal will certainly have clients for this type of service.

I think most of the US based Paypal users won't be interested in buying cryptocurrencies with Paypal. In US there has been many actions taken against crypto exchanges and platforms, that's why most people still consider crypto as a Ponzi scheme.

Those who think that crypto market is part of a huge Ponzi scheme would never consider purchasing crypto currencies. On the other hand the ones who're already crypto users will also think twice before purchasing Bitcoin with their Paypal accounts.

Some of those may fear high taxes while others may fear that in future their crypto currencies may get seized by government if a new bill is pass. I know a group of people who're learning about crypto currencies many purchase cryptocurrencies with their Paypal accounts but the number of such users is going to be very low.

I don't think PayPal offers crypto custody service. PayPal only serves as a payment service provider that facilitates the buying and selling of crypto. The owner can always transfer the coins to his choice wallet. So this service is different from ETF where buyers don't control or have custody of their investment.

However, this kind of service will help spread crypto awareness which can make more people buy the currency. Many people will always want centralized intermediaries to be part of their business transactions before they trust the system. I am not a fan of centralization but I appreciate any move that can make more people know about Bitcoin.

It's true that the service is not the same as what ETF is offering, but they are also offering a custodian service for people who buy crypto from them and decide to hold it there without withdrawing. Is that not them helping the person to hold their coin for them? Is custody service far from that? 
 
Oh yes, they can help you withdraw it to any wallet of your choice after you purchase from them. Then what? They will keep track of where even every bit of that coin is moved to start from your first withdrawal, unless you use some privacy service. Once the authorities ask for your data, they will hand it over without any second thought. 

I remember a few years ago when I read the news about Paypal accepting cryptocurrencies, it was news that people were happy with and it was expected that Paypal would later expand this option to more countries in the world. but unfortunately paypal did not expand this option to all the countries in which it operates and this meant that people no longer had high expectations and no longer gave more importance to what paypal is doing. To think that making this option only for people in the US would greatly increase the adoption of bitcoin, it seems to me that it would be very misleading. I can't keep asking every person in every country if they buy bitcoin using a bank account

but even so I believe that people outside the US have been buying a lot of bitcoin using bank accounts and if paypal had provided the option for people from all over the world to buy bitcoin then we would have seen more impact on adoption, because even I would use paypal to buy bitcoin with my bank card if paypal had such an option. I don't think there are many people in the US using PayPal to buy bitcoin, they could be using other services like Coinbase, if I'm not wrong, PayPal would be competing with companies that are much better in this cryptocurrency market in the US. I highly doubt that anyone in the US would switch from using Coinbase to using Paypal when buying Bitcoin

in the currency exchange forum on this board, there are users trading BTC for Paypal actually which is kind of anonymous if you keep this trading this way. you contact a user and make a deal outside a platform.

but i'm not sure if Paypal is still useful today. that's why i don't see many users accepting Paypal unless they are up for bigger rates in using PayPal.
but it sure if a user buys BTC on Paypal itself, the anonymity is already over.

I think convenience goes a long way. By having bitcoin available in an app/website most people already have or familiar with is a huge plus. It's not gonna make people automatically flock into Bitcoin, yeah but such integration could bring it closer to average folks. Further, it's an additional ad for crypto lol.

But I reckon, those already familiar with crypto probably knows better options so IMO they're less likely to use PayPal.

i don't think anyone here should be recommending to buy crypto off paypal - it's a surveillance platform for the state to extort you & control your life

paypal is part of the problem

if you want to be part of the solution - use P2P exchanges, swap sites (no kyc), atomic swaps. check out kycnot.me - there's plenty of options

I believe US residents can already buy Bitcoin from Paypal itself. Isn't it? Has anything changed?

I found this piece of information from Paypal's website,

https://www.paypal.com/us/cshelp/article/paypal-cryptocurrency-faqs-help565

Not sure what's the strategy of Monopoly for such collaboration! It's like hammering the same area over and over again.