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PayPal is an American online payment system company founded in 1998 by a group of entrepreneurs including Peter Thiel, Max Levchin, and Elon Musk. The company is headquartered in San Jose, California, and provides a platform for individuals and businesses to send and receive money online.

Initially, PayPal started out as a security software company, but eventually shifted its focus to online payments. In the early days, PayPal was primarily used for transactions on eBay, but eventually expanded to support transactions on other websites and in-person payments through the use of a mobile app.

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