The first iteration of the PayPal product is released by Confinity in later 1999 .
The two companies , Confinity and X.com , that will eventually merge to become PayPal , launch separately and build competing financial products .
The first iteration of the PayPal product is released by Confinity in later 1999 .
The two companies , Confinity and X.com , that will eventually merge to become PayPal , launch separately and build competing financial products .