What is PayPal?
In modern times, the internet has been adapted and used for everything. One of the best examples of this is digital wallets. With these services, one can send and receive payments without any problem whatsoever over the internet. One of the earliest and most popular of these services is PayPal. Initially launched in 1999 by the American Silicon Valley company Confinity, PayPal started off as a simple digital wallet that was adopted by eBay to grow its user base. During the last decade, PayPal implemented new features like micro-payments and mobile payments. It also started its expansion into other countries, with an emphasis on small and medium businesses. In 2014, it was announced that PayPal would become its own company independent of eBay. Today, PayPal is widely used as a payment processor for e-commerce websites, auctions, as a payment option in Google Play, charities, and many more commercial applications. PayPal has around 375 million active accounts from all over the...