PayPal is now one of the biggest names in online business. It aims to offer users an easy and secure way to make and receive payments online, and is now a subsidiary of eBay, another giant in the online business. This simple idea of being able to handle financial matters securely over the internet is also a very powerful and innovative one, and has helped to make PayPal what it is today.

The entity now known as PayPal began in 1999 with two people named Peter Thiel and Max Levchin. They founded it under the name Confinity, with the idealistic vision of a borderless currency, free from any governmental control. Max Levchin handled the technical side of things, being a computer programmer specializing in encryption for handling secure transactions. He is the CTO of PayPal up to the present. Peter Thiel, on the other hand, is the CEO of PayPal, and handles the business end of matters.
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