Transacting in US dollars accomplishes the same thing, with far less volatility. In fact, transacting in any commonly exchanged currency does (US is the global reserve for this reason - you can exchange US dollars for any currency on the planet - notably Chinese currency - easily).
Moreover, there's no benefit here: dealing with separate Bitcoin services removes any end-user guarantees. If I send money from Australia to England, Paypal Australia has to deal with the Australian government and the British government to obey consumer law. With a Bitcoin exchanger, once the BTC is transferred you're at the mercy of whatever local exchanger you use at the destination.
Paypal wants to stay in both countries, which means there's an end-to-end legal protection for both parties.
The open-nature of Bitcoin is irrelevant. The USD is pretty damn open.
Moreover, there's no benefit here: dealing with separate Bitcoin services removes any end-user guarantees. If I send money from Australia to England, Paypal Australia has to deal with the Australian government and the British government to obey consumer law. With a Bitcoin exchanger, once the BTC is transferred you're at the mercy of whatever local exchanger you use at the destination.
Paypal wants to stay in both countries, which means there's an end-to-end legal protection for both parties.
The open-nature of Bitcoin is irrelevant. The USD is pretty damn open.