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<p>1 revision imported</p> <p><b>New page</b></p><div>'''Billpoint''' was the name of a person-to-person [[money transmitter|money transfer service]] founded in 1998 and purchased in 1999 by online auctioneer [[eBay]]. It was founded by [[S Young Lee]], [[Hope Chen]], [[Will Chen]], [[Jason May]], [[Ian Flint]] and [[Jay Shen]]. It obtained venture funding from [[Sequoia Capital]] in February 1999. Billpoint's website was taken offline while eBay integrated Billpoint into its auction service, and it did not reappear until 2000, when it was relaunched as a joint venture with [[Wells Fargo]] bank.<br /> <br /> During this interval, online payment service [[PayPal]] was launched, rapidly becoming popular with eBay's customers. Billpoint and eBay spent much of the next two years trying to overtake PayPal, but with mixed results. In July 2002, eBay CEO [[Meg Whitman]] agreed to the acquisition of PayPal with its CEO [[Peter Thiel]]. When the deal was closed in October 2002, eBay began the process of phasing out Billpoint.&amp;lt;ref name=&quot;cnet001&quot; /&amp;gt; The shutdown was completed in early 2003.<br /> <br /> ==Source==<br /> <br /> [http://wikipedia.org/ http://wikipedia.org/]<br /> [[Category:Companies]]<br /> [[Category:Established in 1998]]<br /> [[Category:Cryptocurrency]]</div>

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