is it doable that somebody protected the corporate’s paypal account with bitcoin when making transactions

No.

That type of nonsense is typical of the strategy utilized by confidence tricksters (con males) who’re making an attempt to confuse you and strain you into unwittingly giving cash to thieves.

Usually they’ll ship you some form of faux cash (that appears actual however can later be cancelled) and ask you to pay them a small half again in actual cash (utilizing a technique that may’t be cancelled). They find yourself together with your cash, you find yourself being chased by a financial institution for a debt. You possibly can find yourself with a wrecked credit standing and a legal investigation for cash laundering and so on.

See