A long time ago someone bought a pizza.
Most large company entries into the crypto space seem to fizzle out and disappear due to lack of use, and how annoying it is to deal with currencies which fluctuate in value between the time you've spent them and the time the transaction is approved (I understand there are lightning networks), and then there's the issue with maintaining wallets.
It really just adds nothing but extra complexity to the existing electronic payment methods. And takes away tons of things like regulators, regulations, consumer protections, strong case law.
Given that I basically never use PayPal anymore I'm thinking this might be a desperate attempt to find any new market to grow in.
There's plenty of alternatives these days so now I just use the direct credit card option on most sites.
Yea Paypal seems to have the _most_ friction in my experience. That being said, they bought Venmo in 2013 so I'm still using 'em.
Although, they're pretty late to the game. Company must not be integrated super tightly since Venmo's had some crypto support for years now.