Confinity Inc. was an e-commerce company, with headquarters in Palo Alto, California. Its office was at 165 University Avenue in Palo Alto, where Google and Logitech also started out[1]. Confinity was founded in December of 1998 by Peter Thiel and Max Levchin, initially as a PalmPilot payments and cryptography company[2]. Many of Confinity's initial recruits were alumni of The Stanford Review, also cofounded by Peter Thiel, and most early engineers hailed from the University of Illinois at Urbana-Champaign, recruited by Max Levchin. Confinity at its early stage received funding from Nokia, Deutsche Bank, and Bell Melton[3]. Electronic commerce, EC, e-commerce or ecommerce consists primarily of the distributing, buying, selling, marketing, and servicing of products or services over electronic systems such as the Internet and other computer networks. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... 165 University Ave in early 2000 165 University Avenue is a small rented office building on University Avenue, the main commercial street in downtown Palo Alto, California. ... Google, Inc. ... Logitech International S.A. (SWX: LOGN, NASDAQ: LOGI), headquartered in Apples, Switzerland, is the holding company for Logitech Group, an industry leader in the personal peripheral market. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... Peter Thiel is an American businessman, entrepreneur and Singularity Institute donor. ... Max Levchin is not really a computer scientist but an entrepreneur widely known as co-founder (with Peter Thiel) and former CTO of PayPal. ... The Stanford Review is a conservative student-run newspaper at Stanford University, USA. It was founded in 1987 by Peter Thiel and Norman Book. ... Nokia Corporation (NYSE: NOK) is the worlds largest manufacturer of mobile telephones (as of June 2006), with a global market share of approximately 34% in Q2 of 2006[1]. It produces mobile phones for every major market and protocol, including GSM, CDMA, and W-CDMA (UMTS). ... Deutsche Bank AG NYSE: DB (German for German Bank) is a multinational bank operating worldwide and employing more than 67,500 people (Dec. ...

Confinity launched its milestone product, PayPal in late 1999[4]. Confinity merged with X.com, founded by Elon Musk, in March 2000[5]. The merged company became known as PayPal. PayPal is an e-commerce business allowing payments and money transfers to be made through the internet. ... Elon Musk Elon Musk (born November 7, 1971) is an Internet and space launch entrepreneur. ...