The current incarnation of PayPal is the result of a March 2000 merger between Confinity and X.com. Confinity was initially as a Palm Pilot payments and cryptography company. X.com was founded as an Internet financial services company. Both Confinity and X.com launched their websites in late 1999. Both companies were located on University Avenue in Palo Alto. Confinity's website was initially focused on reconciling beamed payments from Palm Pilots with email payments as a feature and X.com's website initially featured financial services with email payments as a feature.
The current incarnation of PayPal is the result of a March 2000 merger between Confinity and X.com. Confinity was initially as a Palm Pilot payments and cryptography company. X.com was founded as an Internet financial services company. Both Confinity and X.com launched their websites in late 1999. Both companies were located on University Avenue in Palo Alto. Confinity's website was initially focused on reconciling beamed payments from Palm Pilots with email payments as a feature and X.com's website initially featured financial services with email payments as a feature.
More at http://en.wikipedia.org/wiki/PayPal#History