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Paypal (NASDAQ: PYPL)

PayPal is a digital payment platform that enables people and businesses to send and receive payments securely over the internet. Founded in 1998, PayPal has become one of the most popular online payment systems in the world, with over 400 million active accounts in more than 200 countries and regions.

With PayPal, users can make payments using their PayPal balance, credit or debit cards, or linked bank accounts. PayPal offers a range of services, including sending and receiving money, paying for goods and services online, and processing payments for merchants.

One of the key features of PayPal is its security. PayPal uses advanced encryption technology to protect user information and transactions, and offers fraud protection and dispute resolution services to help users resolve any issues that may arise.

PayPal has also expanded its offerings to include mobile payments through its Venmo and PayPal mobile apps, and has partnered with major retailers to offer in-store payments through PayPal Here.

In addition to its core payment services, PayPal has also acquired several other companies in recent years, including Braintree, Xoom, and Honey, to expand its offerings and enhance its capabilities in areas such as e-commerce, cross-border payments, and digital rewards and coupons.

Overall, PayPal has revolutionized the way people make and receive payments online, and continues to innovate and expand its services to meet the needs of its users and customers.

Founders:
Peter Thiel, Max Levchin, Luke Nosek, Ken Howery, Yu Pan
Date:
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