Click me
Transcribed

PayPal goes into space

GROUND CONTROL TO MAJOR PayPal A look back at the digital wallet company's ascent to the stars For anyone who has ever shopped online, Paypal is an ubiquitous name. From its humble origins as a money transfer service for late century PDA devices, Paypal now accounts for almost half the market share for digital wallets. Having expanded to 193 international markets, Paypal is now setting its sights outside the planet with Paypal Galactic, an idea so forward thinking that is seems like something out of science fiction. Here's a look at the company's rise to stardom (literally!) TIMELINE 1998 1999 PayPal Paypal is born in October after Confinity develops an online demo that lets people make payments through email. Max Levchin and Peter Thiel meet at Levchin's lecture at Stanford. Inspired, they found Confinity, a money transfer service for PDA devices. 2000 2002 PayPal ebay XCOM Paypal grows to 100,000 accounts after eBay sellers show their love for the system as opposed to eBay's own, even as Confinity merges with x.com with Elon A heady year for Paypal, during which they get acquired by eBay for $1.5 billion, take on Europe by providing payments in Euro and GBP, and become the first IPO Musk as the chairman and CEO. after September 11, 2001. 2006 2008 Singapore Hong Kong Mexico 10 currencies 103 countries languages Global dominance continues for Paypal Paypal expands internationally to 103 countries and 10 currencies and goes with the introduction of local sites in Mexico, Hong Kong and Singapore and nine new languages. mobile. 2009 2011 Pay Pal X PayPal The debut of Paypal's global payments platform, Paypal X. Paypal expands from the virtual world to the real world, offering payments for brick and mortar stores. 2013 PayPal Paypal goes to space with the announcement of Paypal Galactic, in partnership with SETI and the Space Tourism Society. DID YOU KNOW ? During the release of the beta, Levchin coded for 72 hours at a stretch to make sure everything was running smoothly. Exhausted, he fell asleep at a restaurant table after the demo. Paypal was one of the first websites to use CAPTCHAS, which they called the Gausebeck-Levchin test. [ captcha ] Levchin's award winning anti fraud program was named "Igor" after the Russian hacker whose boast was that he would never be caught. "Igor" did the job. The Paypal Mafia is a group of people who were associated with the company at various stages of its life and went on to found highly successful ventures. Peter Thiel is the "don" of this gang; other notable names include Roelof Botha (Sequoia Capital), the PayPal MÁFIA founders of YouTube, and Russel Simmons of Yelp. Paypal was actually voted one of the 10 worst business ideas of 1999. Well, they certainly proved that one wrong! 20 Peter Thiel's Thiel Fellowship offers twenty 20-year old students $100,000 to quit their education and Thiel Fellowship start a business. Presented by Sources Startups. FM • https://www.paypal-galactic.com/ • http://arstechnica.com/information-technology/2013/06/paypal-teams-with-et- searchers-to-create-interplanetary-payment-system/ http://startups.fm • http://money.howstuffworks.com/paypal3 • http://en.wikipedia.org/wiki/PayPal [email protected] © Copyright 2013 StartupsFM

PayPal goes into space

shared by startupsfm on Jul 10
356 views
1 shares
0 comments
PayPal goes into space-a lookback into the digital wallet company's ascent to the stars

Category

Technology
Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy

For wordpress.com:

Click the code to copy
Customize size