Commerce pivot story / founded 1998
PayPal pivot story
PalmPilot security software found its destiny in payments.
PalmPilot wallet -> internet money
Before
Confinity, cryptography and payments for handheld devices.
to
After
Online payments, especially for marketplaces like eBay.
The pivot story
The handheld wallet idea was early, but people on eBay desperately needed an easier way to send money online. PayPal followed that pull.
Why it worked
It met urgent marketplace demand with a product that felt faster and safer than checks or money orders.
Known for
Digital payments
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