This is exactly why. PayPal wasn't needed here, it just happened because it was forced down people's throats by Americans and their websites like eBay.FWIW: the banking system in the USA (in my experience) is very lacking compared to Australia and the UK. They just don't seem to have the systems in place to easily make transfers to another person. Maybe this is why or how PayPus was able to get a stranglehold in the first place?
My wife is American and let's just say that between PayPal and American banks, PayPal is the devil I'd rather know if in America. That should terrify you.