Back to 1995

Chapter 480
Not only on the Xueleshan online platform, but also the payment channel of PayPal, eBay, Amazon and other e-commerce platforms that require payment, etc., have also appeared on PayPal, and all of them have given large discounts and benefits!

Far away on Lao Maozi's Yeadex platform, PayPal also appeared. Yeadex made its debut by acting as a hotmail agent, and now it is Lao Maozi and the largest technology company in Eastern Europe.

Yeadex's product line covers e-mail, instant messaging ICQ, and Internet advertising company Double-Click. Yeadex also launched Lao Maozi this year, the first search engine mainly in Russian, plus e-commerce, broadband, and agency mobile phones. business, mobile Internet business in cooperation with America Telecom, etc., Yeadex is already a behemoth in the Laomaozi technology world.

Moreover, Lao Maozi’s current special situation has allowed Yeadex to operate the largest offline second-hand trading platform in Eastern Europe. Now Yeadex’s offline second-hand trading office buildings have spread across many cities in Lao Maozi, becoming a place for locals to barter and cash out. The premier venue for jewelry, gold and more!
The launch of PayPal is almost even more powerful in the hands of Yeadex. There are old Maozi and Eastern European users who are well-informed, and they all use PayPal to exchange banknotes, gold, jewelry, antiques, etc. in their hands into foreign exchange to preserve their value.

Now that PayPay is in Lao Maozi, it is just playing around. After a while, Lao Maozi has realized that it will definitely not allow Lao Maozi's users to easily exchange money into foreign exchange.

PayPal has not been promoted on a large scale through TV stations, newspapers, outdoor advertisements and other media, but PayPal has directly become a payment channel for companies such as Sierra Online, ebay, Amazon, and Yeadex since its launch.

"Now PayPal has more than 94 downloads worldwide, of which more than 21 overseas users have registered!"

At noon, Aaron Swartz walked into Song Yang's office and put a report in front of Song Yang.

In the morning of its launch, PayPal's performance was impressive. Without large-scale publicity, the number of downloads and registrations has approached one million. Today, the number of downloads in the whole day may exceed 200 million!
Since the beginning of this year, although the achievements of the Internet have been continuously broken, the download volume of nearly 200 million sets in a single day for a new product is definitely off the charts.

Song Yang was not too surprised when he saw the report. With the user scale of ICQ, Xueleshan, Double-Click, eBay, and Amazon, it was a big deal, and the number of users exploded to 100 million in the morning. For other companies It is said to be a miracle, but it can only be regarded as qualified if it is placed on PayPal, the "rich second generation" of the Internet!

There is no advertisement in the media, but PayPal is real money, and the money is given to users. Like these 94 users, PayPal, Xueleshan, eBay and other companies have definitely spent more than 500 million US dollars. It's just that the money is directly given to the user, and there is no need to call the media dealer for publicity.

"How is PayPal's user activity and how much is the turnover?" Song Yang put down the report and asked Aaron Swartz.

Aaron Swartz said, "Now the turnover of PayPal's entire platform is 650 million dollars, of which more than 60% are on the Xueleshan online platform, and the rest are on ebay, Amazon, Yeadex and other platforms."

On the Xueleshan online platform, several new games such as "StarCraft" are used to attract users to pay with PayPal, and the effect is still very obvious.

Using cash distribution and discounts to attract users to use PayPal as a payment channel, as for losses, it is not to mention.

Today Xueleshan Online, eBay, Amazon, Yeadex and other platforms have issued a lot of discount coupons. If there is no accident, the revenue of these platforms will increase explosively today!
"PayPal needs to be prepared, whether it is security or other aspects, there must be no problems. PayPal's goal is not to achieve a daily turnover of more than 1000 million US dollars on the platform, but to make PayPal's daily turnover as soon as possible. Um, it needs to reach more than [-] million US dollars, so that PayPal can survive!" Song Yang said to Aaron Swartz.

Not surprisingly, the turnover of the PayPal platform today can definitely exceed 1000 million US dollars, but this is far from enough for PayPal.

Compared with those banking giants, PayPal charges very low fees. To survive, it must rely on scale to win, that is, rely on a huge user base.

As long as the number of users grows, PayPal will be able to live in the way it hates the most even if it doesn't want to make progress. Just like banks, they can "make money" by charging fees!
Song Yang needs PayPal to develop PayPal in the shortest possible time, before the bank giants on Wall Street have reacted!

Hearing Song Yang's request for PayPal, Aaron Swartz's scalp felt a little numb. What is the concept of a daily turnover of [-] million, that is, PayPal's annual revenue scale is enough to exceed most banks in the world. It is really going to break the corner of the big bank.

The daily turnover of [-] million US dollars sounds scary, but it can be used as a payment channel promoted by Xueleshan Online, ebay, Amazon, Yeadex, Enron Online and other platforms. With a turnover of [-] million US dollars, it is estimated that it will be doubled ten times, and it will not be a problem!
With Sierra Online, eBay, and Amazon constantly issuing discount coupons, the download volume of PayPal is increasing crazily.

And in the invisible place, a third-party data statistics agency found some clues. It is actually the users of eBay and Amazon, two major e-commerce platforms, who are extremely active today.

The Nielsen data agency was the first to release the news, "Amazon, the largest online bookstore in America today, and several e-commerce platforms such as eBay, user activity has increased, and Amazon's single-day revenue has increased by more than 10%!"

Amazon has defeated Barnes & Noble and has become the largest bookstore in America. It is now starting to transform, and today's user activity has almost suddenly increased by a large margin!

The headquarters of the Comerica Bank in Dallas, today Kerimiya and the directors of the Comerica Bank are also paying attention to the newly launched PayPal payment.

Comerica Bank is now bound to PayPal, and both sides are prosperous and hurt. Comerica Bank, taking such a big risk, is an enemy of the entire Wall Street bank, just for the sake of wealth and wealth. It is to see the performance of PayPal.

"A report from the settlement center!"

As the leader of the PayPal project, Chris Jain naturally became the person who connected with PayPal.

Chris Jain took out a piece of data just obtained from the settlement of the Bank of Comerica, "Now there are more than 120 million PayPal users, and today the number of global users is likely to exceed 200 million. In addition, the funds settled through the Bank of Comerica , has already exceeded 800 million US dollars, and today's Bank of Comerica Bank Settlement Center, the amount of orders processed may exceed 700 million US dollars!"

"in addition……"

Facing the expectant eyes of the directors of the Comerica Bank, Chris Jain said, "There are already more than 20 PayPal users who have begun to deposit funds on the PayPal platform, with a fund size of more than 160 million US dollars. !"

After Chris Jain finished speaking, all the directors of the Comelica Bank suddenly showed joy on their faces and began to applaud. They also looked at Jain with admiration.

This is the first day of PayPal's launch. Both the users and the transaction volume have exploded. It can be expected that the data will increase exponentially in the future!

It should be known that as a settlement center, Banco de Comerica shares user handling fees with PayPal. The larger the transaction volume on the PayPal platform, the more commissions will be collected by Bank of Comerica.

And what attracted the attention of the Comerica Bank was that some users began to transfer the dollar to the PayPal platform, which attracted the attention of the Comerica Bank.

As a partner of PayPal, as well as PayPal's settlement center and fund escrow party, the dollars on the PayPal platform are all processed through the Bank of Comerica. When the user puts more dollars on the PayPal platform, it is quite Because of this money, it is all in the custody of Comerica Bank!

At present, the funds deposited on the PayPal platform are only 150 million US dollars, but if this amount reaches 1000 million, [-] million US dollars, or even more, such a huge amount of US dollars will be worth the money. Banks have plenty of ways to use this money to earn more dollars!

"Jain, I knew I didn't misread you. When the board of directors nominated you, I was the first to agree!"

A director of Comerica Bank said to Jain with a smile on his face, Comerica Bank also knows how much impact PayPal's plan will have on Wall Street's banking order once it is completed, and for Comerica Bank. For the Bank of America, this may be an opportunity, and Chris Jain, PayPal's docking person, will have a straight rise in status!
However, some people are happy and some are worried. While Comerica Bank is full of expectations, a small and medium-sized bank in Phoenix, Arizona, Alliance Western Bank, is a little bit devastated at the moment.

"Funds are still flowing out?!"

The manager of the Alliance West Bank asked the supervisor of the storage department angrily. Since today, this bank that focuses on low fees and mainly small and medium-sized users has started to reduce the amount of dollars in the account. In half a day, nearly ten million dollars had been lost.

(End of this chapter)