December Confinity is founded.1998
Levchin and Thiel merge the words confidence and infinity, creating the company’s new name, Confinity. At this point, Confinity’s main objective is to enable money transfers solely on PDAs.
September Levchin and Thiel dream up digital wallets
A couple weeks after their Stanford meeting, Max and Peter launch Fieldlink, a security focused company which allowed users to store encrypted information on Palm Pilots and other PDA devices, enabling their handheld devices to become digital wallets. Their theory is that this is safer than real cash in a wallet because it can never be stolen.
August It started at Stanford
Peter Thiel gives a guest lecture at Stanford on the link between market globalization and political freedom. After the lecture, Max Levchin, who knew of Peter through mutual friends, introduces himself.
January New Customer Support Center Opens in Malaysia.2011
PayPal opened a second customer support center in the Asia Pacific region (the first is in Shanghai, China). The new facility in Malaysia offers service and support for customers across Southeast Asia, as well as provides operational support for PayPal’s global payment service.
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