Confinity met X.com, survived a founder battle and became PayPal: the history of online payments
PayPal’s roots begin with Confinity, founded in 1998 by Max Levchin, Peter Thiel and colleagues, and X.com, the online financial company Elon Musk founded in 1999. Confinity developed digital-payment software and shifted towards email-based money transfers, while X.com pursued a broader internet-banking model.
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