RE: Why PayPal Will Not Succeed In Crypto Space!
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Interesting analysis.
Provider that can offer the least friction (time delays, and transaction fees) will likely percolate to the top. Paypal could offer a low fee seamless crypto exchange with a broader selection of resources - if they wanted to. Their potential volume would mean an immense revenue stream.
Paypal spends approximately a $1,000,000 USD a year on lobbying - expect that to increase. My intuition is that large corporate Payment processors will leverage US Congress to create legislation that will effectively make it difficult to convert some forms of Crypto to Fiat or to spend it via normal means - corporate exchanges will create a walled garden.
You can review Paypal's Financials and SEC filings here:
https://investor.pypl.com/financials/quarterly-results/default.aspx
Compared to their profits, that lobbying expense doesn't seem to be a lot.
In the end decentralized money will win, and there is nothing Congress can really do about it.
Anything they do will just slow it down.