"NewPay has inspired me a lot in terms of security, I have used NewPay, and in terms of user experience, overall interface, NewPay is really better than Confiniti now.

But what really caught my eye was the security measures NewPay has taken, the combination of six-digit password and SMS verification code can almost completely avoid the security risks caused by improper software level.

At first, our attention was focused on ensuring information security between hardware data transmissions, and completely ignored the security issues at the software level.

Users only need the other party's account number and amount to complete the transfer, fortunately, at present, there is no large-scale promotion of Confiniti, once the large-scale promotion and then the scandal of the user's account balance being stolen, it is difficult for Confiniti to have a place to turn over.

We still have time to remedy this, and we hope to obtain a patent license for SMS verification codes to further improve the security of your accounts. ”

Peter Thiel admires the idea of SMS verification codes, which can be used in a wide range of applications.

Goldman Sachs and JPMorgan invested in NewPay partly because the patent rights of the SMS verification code are in the hands of NewPay, and if the Federal Reserve and the Federal Treasury Department issue new regulations on banks in the future, banks must bind mobile phone numbers when opening cards for customers.

The SMS verification code alone is worth a billion dollars.

Zhou Xin didn't know much about Confiniti, he knew more about PayPal later.

After talking to Peter and Max, he found out that Musk hadn't joined them yet.

Zhou Xin did not underestimate Confiniti because of this, but from the perspective of his later generations, he has absolute confidence that he can win the final victory in the field of electronic payment.

"I'm not responsible for the specific operation of NewPay, I'll send you the person in charge of our patent licensing team by email, and you can contact him directly when the time comes."

The situation abroad is different from that in China, where the credit card system is very developed, so even in the era of mobile Internet, electronic payment is only a supplement to credit cards.

However, there has been no credit card system in China, and even in 2020, the groups familiar with the credit card system are mainly white-collar workers in first- and second-tier cities.

That is to say, in China's electronic payment system, the credit card occupies the position of the credit card, and the credit card has become a supplement.

Electronic payments, led by WeChat Pay and Alipay, actually ate the profits that originally belonged to the credit card system.

This has also led to the extremely fierce competition in China's electronic payment, and there is no way to compare foreign and domestic at all.

In order to occupy enough payment scenarios, they are willing to spend high prices to invest in companies that are not profitable at all and have no prospect of achieving breakeven.

During the turbulent years of the domestic electronic payment battle, when Zhou Xin was studying abroad for a doctorate, PayPal seemed to occupy a monopoly position without dispute.

Amazon, Google, and Facebook, the giants of the time, wanted to compete with him.

Even if Amazon came up with Amazon payment, it was only as a supplement to its own e-shopping system, and did not think of competing with PayPal.

Apple has thought about it, but the difference is that Apple's Apple pay wants to replace the status of credit cards, not PayPal.

"Newman, Max and I are completely focused on the field of electronic payment, and your entrepreneurial field ranges from online communities to game distributors, to video game production companies and quiz communities.

I'm curious how you managed to have so many genius ideas.

Quora is really a very genius idea, and I also registered an account on it, probably because there are fewer competitors in the field of philosophy, and because my students and friends in the department helped me canvass for votes when I was teaching at Stanford, I successfully became the number one in the number of likes that time, and I got the permission to ask questions.

I think this kind of high-threshold approach is correct, and the knowledge quiz community needs to ensure the purity of the community, and it is inevitable to make a trade-off between the number and quality of users. ”

Peter Thiel wasn't complimenting Zhou Xin, it was his true thoughts, and he was shocked to see Quora, especially after the user registration exam came out.

In his opinion, Quora is by far the only community that has requirements for user quality.

"I have my own needs, and then I think about whether my needs are universal or personalized.

If it's a universal need, everyone will have similar needs, so I think about how to meet this need through Internet services.

All of my Internet products are based on this logic.

The only thing that's special is the game, and of course the game wasn't made by me alone, I just made what I thought was interesting and shared it with everyone.

I was working on Angry Birds when I was an intern at Microsoft, and I didn't know if the game would be liked by players.

Now, I'm in luck. ”

Max barely spoke.

After a mutual flattery, Zhou Xin asked: "Have you ever thought about selling Confiniti to me?"

NewPay's current focus is on the field of personal computers, while Confiniti's electronic payment products are mainly focused on handheld computers, and we can form a good complement between them.

At the same time, Confiniti can further improve NewPay's security system in the field of security. ”

Before Zhou Xin came, he asked someone what patents Confiniti had.

Purely from the patent level, the most valuable patent of Confiniti is the security token, which you can understand as the U shield adopted by the Huaguo banks in the future.

U-shield is a type of security token, and currently only RSA and Vodafone have security token patents except for Confiniti.

The acquisition of Confiniti is the quickest way to acquire the technology.

Not to mention the ability to harvest top talent like Peter Thiel.

Peter Thiel and Max Levchen looked at each other, and NewPay wanted to buy Confiniti, which was in the case they were considering.

"We'd love to be acquired by NewPay, but we don't want cash, we want to swap it out with NewPay's shares." Peter Thiel said.

Max went on to say: "Yes, in our opinion, NewPay is worth much more than money, including Nokia Investment Funds and Deutsche Bank, and I think they all want to be able to get a stake in NewPay instead of cash. ”

If he can convince Peter Thiel to join, Zhou Xin doesn't mind giving them some shares.

"Do you know that NewPay angel round financing, we adopt an A/B share structure? In other words, with different rights of the same shares, each share of A shares has 1 vote, while B shares have 10 votes.

I can't give you all B shares, I'll give you most of the A shares, a small part of the B shares, can you accept this way? ”

Peter Thiel was shocked to know that Goldman Sachs and Morgan were involved in Series A investments and were valued at a billion dollars, but he didn't expect that these two top investment banks would even be willing to accept such conditions.