PayPal was originally established by Peter Thiel, Luke Nosek and Max Levchin, in December 1998 as Confinity, a company that developed security software for hand held devices. It had no success with that business model, however, it switched its focus to a digital wallet. The first version of the PayPal electronic payments system was launched in 1999.
Founder: Max Levchin, Peter Thiel, Luke Nosek and Ken Howery
Address: 2211 N 1st St San Jose, CA 95131 United States
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