Elon Musk buys back X.com

Elon Musk has bought back X.com from PayPal, thanking PayPal on Twitter for the transaction.

X.com was the domain of Musk’s second start-up, an online bank that became PayPal following a merger with Confinity in March 2000.

Confinity’s PayPal product allowed Palm Pilot owners to send money to each other through its infrared ports. Its functionality was expanded to transfer money using email and the web, and in June 2001, X.com was renamed PayPal.

PayPal said it was delighted to sell the domain to Musk. The amount it was sold for has not been disclosed.

Peter Thiel and Elon Musk in the early days of PayPal

Now read: Bitcoin and Ethereum vs Visa and PayPal — Transactions per second

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Elon Musk buys back X.com