As in, do you have some empirical basis for that statement -- as in, you know, something related to actual statements made by the creator(s) of the original bitcoin protocol itself? Or is it just something you find nifty to believe in (therefore it must be true)?
The original creator(s) just envisioned money designed to work in a digital medium. From there people derive that if Bitcoin is money for the internet it can replace PayPal, though in practice is more complex than that.
The reality is that as it stands now, Bitcoin is hard to understand and properly use, so even though it can be used as-is if you know well what you are doing and are careful, for Bitcoin to be usable for the vast majority of people a layer on top that makes it more consumer friendly is most likely necessary. Thus Bitcoin itself probably won't replace PayPal on its own, but a service that "consumerizes" it like Coinbase or Circle might, if Bitcoin were to become massive.
Because they know once bitcoin starts getting accepted nobody is going to put up with their ridiculous system of rules or give them a cut out of every transaction. And its tax free too. They just became irrelevant. Makes me wish I believed in a deity so I could give thanks :) Holy shit Paypal were a awful service. Customer service was like a colonoscopy. Ferreting out information with that suspicious tone. A million arbitrary limits and hoops to jump though. They got away with that because they were the only game in town. Not anymore.
They are looking for a life raft. Thats what coinbase move is about... appeasing their shareholders. But heres the thing about coinbase.... nobody needs them either.
