Every (founder) story I’ve ever heard about PayPal goes something like: “there we were, the only people who offered a service that let people send money, and we had the genius to figure out people wanted to do that.” Nobody ever explains *why* they were the only such service.
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Replying to @matthew_d_green
I feel that there was a lot of competition of various levels of had-their-&#%#-together (remember Flooz?), but Paypal substantially out-executed all of them, and was the only one which understood it was a two-sided business and that you had to win both sides.
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Replying to @matthew_d_green
I think you can probably predict my answer for "most interesting thing to happen to payments post-Paypal" and math out the number, but it's a little maddening to really understand how little about the game changed in, lets say, 2001 through 2011.
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People who were professionally involved with it would not necessarily agree with that perception. There was a rash of innovation in e.g. shareware payments processing and then consolidation by Digital River, etc etc, while the industry gradually got America OK with CCs online.
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