PayPal, founded in 1998 by entrepreneurs including Max Levchin, Peter Thiel and Elon Musk, has become a world leader in online payments. Originally named Confinity, then merged with X.com, the company revolutionized electronic transactions by offering a secure and convenient platform. Purchased by eBay in 2002 for $1.5 billion. Paypal had over 430 million users in 2023.
