History of PayPal

PayPal as we know it today wasn't created overnight. Let's trace PayPal's history and find out how it all started.

  


1998

Oct-Nov: It all started with digital wallets1998a
Max Levchin and Peter Thiel launch a security focused company which allows users to store encrypted information on PDA devices, enabling the digital wallet. Their theory is that this is safer than real cash in a wallet because it can never be stolen.

December: PayPal is founded
PayPal, or known as Confinity, is founded. At this point, Confinity's main objective is to enable money transfers solely on PDAs.1998