PayPal started in 1999 as a way to "beam" money from one Palm Pilot to another via the infrared port. You'd load your Palm up with money from your bank / credit

PayPal started in 1999 as a way to "beam" money from one Palm Pilot to another via the infrared port. You'd load your Palm up with money from your bank / credit card, then use it like cash on your mobile device. http://archive.wired.com/science/discoveries/news/1999/07/20958 http://archive.wired.com/science/discoveries/news/1999/07/20...