Re: pp to btc
There is an article last week on how Paypal and VISA will process BITCOINS.
For Paypal,buyer can link bitcoin as form of payment ,just like bank account,cred/debit cards,and seller would get fiat currency.
Paypal will also send 1099K as IRS considers Bitcoin as an asset and you should report any gain or losses on your bitcoin.
but if you just want to sell your bitcoin and keep fiat currency in your Paypal account with no intention of paying a seller,I dont know if Paypal will handle such.
May be look into VISA,I will find the article and see if VISA is different
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