[mcintyre1994]

> PayPal hopes its service can change that, as by settling the transaction in fiat currency, merchants will not take on the volatility risk/upside.

The whole point is that PayPal shields the business from the volatility risk. Buyer buys in Bitcoin, seller receives local fiat currency.

[SketchySeaBeast]

Ah, I read that as the opposite way around - wanting to avoid their own currency because of volatility. My bad.