Bora Chung

"As eBay expanded abroad, PayPal saw an opening for itself—auction sellers abroad needed payment services, too. “If you were a collector,” noted Bora Chung, “you would not just look at the US. You would look at the UK, you would look at Germany, for collectors’ items.” The company began to see users sending money to foreign IP addresses. “David [Sacks] had sort of suspected and... was looking at the data and was like, ‘People are hacking our system, because they just need to send money to Canada, or to the UK, or in English-speaking languages. We’ve just got to figure out how to make this happen,’ ” Giacomo DiGrigoli recalled."

"As eBay expanded abroad, PayPal saw an opening for itself—auction sellers abroad needed payment services, too. “If you were a collector,” noted Bora Chung, “you would not just look at the US. You would look at the UK, you would look at Germany, for collectors’ items.” The company began to see users sending money to foreign IP addresses. “David [Sacks] had sort of suspected and… was looking at the data and was like, ‘People are hacking our system, because they just need to send money to Canada, or to the UK, or in English-speaking languages. We’ve just got to figure out how to make this happen,’ ” Giacomo DiGrigoli recalled."

"Bora Chung, “you would not just look at the US. You would look at the UK, you"