PayPal is to worldwide online payments what Microsoft was to OSes in the nineties. Bitcoin is Linux. It's free, and by some measures better, yet nobody wants to use it.
They're essentially a monopolist.
Nobody else has what they have: access to nearly every country, worldwide.
Except that the analogy is off, given that paypal deals in established currency that you don't first have to generate or buy (via a convoluted process that involves handing over your ID etc to trading websites, or selling post-order drugs).
They're essentially a monopolist.
Nobody else has what they have: access to nearly every country, worldwide.