The company's trajectory was marked by innovation and adaptation to emerging technologies, which also secured it a strong foothold in the online gambling space. When gambling started moving from land based to online sites in the noughties, this marked the rise of PayPal online casinos. By providing a reliable, secure payment method for eBay transactions, PayPal's popularity soared, and suddenly there were over 100 million active users by 2010. At the time, finding a PayPal casino was not yet as commonplace players, but this was about to change fast. The pivotal moment came in 2002 when eBay acquired the company, leading to an exponential surge in its user base. The accounts could be funded using a wide variety of payment methods, including credit cards and bank accounts.
The trio’s aim was to introduce a novel approach to digital payments, allowing for the instant transfer of money between PayPal accounts. The journey towards PayPal casinos started way back in 1998, when the idea was conceived by a team of visionary entrepreneurs, including Max Levchin, Peter Thiel, and Elon Musk.