Unlike Confiniti, NewPay has application scenarios first, and then products.

Confiniti is the predecessor of PayPal, co-founded by Max Levchen, Pid Thiel and others.

As for Musk, Musk didn't become the founder of PayPal until March 2000, and he founded a company called Online Financial Services.

After merging with Confiniti, it was renamed PayPal.

Confiniti first had encryption technology, which roughly allowed users to store encrypted information on a PDA, and then this product was called FieldLink, and the infrared port was used to transmit information between products.

However, there are no application scenarios in the early stage, and there are very few users who really need to encrypt information on PDA devices, and almost no one has this need.

One of the early founding teams of Confiniti was a man named Marty Herman, who was the inventor of public key cryptography.

Now Marty Herman has been poached by von Lewis to NewPay.

Confiniti's background is entirely an information security company, believing that their products are only valuable if they are applied in the field of electronic payment, so they transformed into electronic payment.

and merge, also because their products have no application scenarios.

But NewPay is different in that it has a very clear application scenario, which is to buy video games.

Riot has more than half a million users.

Cao Yongluo had doubts in his heart: "Electronic payment?

Is it more important than an e-community?

However, if computers become more widespread, electronic payments can replace some of the needs of banks in the future, which is indeed valuable. ”

From the status of the bank, Cao Yongluo estimated that electronic payment, which can replace some of the functions of the bank, must have a very high value.

But what the specific value, he could not judge.

Zhou Xin: "We need to build a concept that you can stop playing games and watching forums, but you can't stop shopping.

Once you have the need to shop, then electronic shopping and electronic payment can replace the traditional offline shopping method.

The game forum is just a product of a subdivision, and he has an upper limit.

But I don't see a ceiling on electronic payments. ”

After Zhou Xin finished speaking, Cao Yongluo fell into thought, he knew that Zhou Xin's ideas must be more powerful than him, and he cherished the opportunity to learn from the other party.

The only Chinese people who often come to Riot Games to find Zhou Xin are Cao Yongluo and Wu Shiqiang, and Hu Zhengming usually does not come to the company to look for Zhou Xin, he is always in Berkeley waiting for Zhou Xin to come to him.

Therefore, Cao Yongluo and Wu Shiqiang chatted privately, including Cao Yongluo still has a certain reputation in the circle, Wu Shiqiang has heard of him, so Wu Shiqiang has almost nothing to say to Cao Yongluo.

The consensus reached by the two is that Zhou Xin's vision in the Internet industry is the top, and they need to learn each other's thinking methods.

"You can study the field of electronic payment and use our products at the same time, and you will have a new understanding."

......

By this time, it was already May, and Riot Games had taken the same approach as before, sending a large number of emails to users informing them of the existence of NewPay.

Because von Lewis worked for Zhou Xin, the traditional captcha has not yet been invented, and the phenomenon of spam has not been curbed.

Riot Games has amassed a lot of user email data, and it was no problem to send marketing emails to customers.

"Your friend Peter Thiel just transferred you a sum of money! Now you have $1 in your NewPay account waiting for you. Visit today and set up your NewPay account! ”

Max Levchen opened NewPay's website and realized that something was wrong.

Soon he received a call from Peter Thiel: "Look at the email I sent you. ”

Max replied, "I see, NewPay, I just opened their web page. ”

Peter Thiel replied, "That's right, they're also a company that makes electronic payments, and Marty went to work there."

Their product is logically very similar to the one we designed, which means we crashed.

At this critical juncture, NewPay is likely to affect our financing.

If Nokia Ventures and Deutsche Bank had realised the potential of NewPay, it is likely that they would not have chosen to invest in Confiniti. ”

While experiencing NewPay, Max replied, "Aren't our negotiations with Nokia Ventures and Deutsche Bank nearing completion?"

NewPay's expansion rate shouldn't be that fast. ”

Without NewPay, Confiniti would have held a press conference two months later at which they would accept $3 million in venture capital from Deutsche Bank and Nokia Ventures via electronic payments.

This quickly became a sensation at the time.

Peter Thiel's voice on the other end of the phone was a little anxious: "No, no, no, behind NewPay is Newman, the founder of Riot Games.

Today is the day of the release of Plants vs. Zombies, and they have developed a series of means to promote NewPay.

After registering a NewPay account first, users who choose to purchase Plants vs. Zombies with NewPay will enjoy a 20% discount.

They also have a promotional rewards program where they give $10 to all new sign-ups, all they need to do is sign up for an account and link their credit card.

At the same time, if you refer a new user to sign up for NewPay, the referrer can also get $10.

A complete set of sales mechanisms can quickly achieve the fission of users. ”

Max covered his face with his hands, he liked Zhou Xin's products very much, and he liked the games designed by Zhou Xin, but when the other party was your direct competitor, this feeling was not good at all.

While Max fell silent, Peter on the other side of the phone was still chattering: "Any user who opens a NewPay account only needs an email address and a credit card.

When a user makes a payment to another person, the money is automatically credited to the recipient's NewPay account, and the recipient receives an email notification of the email you just received.

The recipient can withdraw the money in the form of a check or make an electronic transfer to a bank account. ”

"Their products don't need a special handheld computer, nor do they need a special infrared interface, which means that they don't need a mobile device, they only need a computer to carry out online money transfer operations."

Max said weakly on the other end of the phone, "Isn't that what we need to do once we get venture capital?"

There are only three to four million people who own a palm handheld computer, but close to 50 million people who have a computer.

This market is not of an order of magnitude. ”

Peter is equally frustrated: "That's right, so if NewPay's user base grows rapidly, investors will definitely reconsider investing in us."

Don't doubt the smell of the vultures on Wall Street, especially if this is Newman's NewPay. ”