Founders

The company was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Fieldlink, later it was renamed Confinity, a company which developed security software for hand-held devices. When it had no success with that business model, it switched its focus to a digital wallet.

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Confinity's initial focus was on developing security software for hand-held devices, a promising venture at a time when personal digital assistants were gaining popularity.

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