Which of these statements is true about PayPal's early history and its impact on e-commerce?

The world of retail has been transformed by technological innovations and visionary entrepreneurs. One particular payment system revolutionized how we shop online, creating a secure bridge between buyers and sellers in the digital marketplace. Test your knowledge about this groundbreaking financial technology that changed e-commerce forever!

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PayPal was originally created as a security software for Palm Pilot devices before pivoting to become a payment processor for eBay transactions
PayPal was founded by Bill Gates as Microsoft's first attempt to enter the online payment processing market before being sold to eBay
PayPal was initially developed as Amazon's internal payment system before being spun off as a separate company to handle third-party transactions
PayPal was created by former Visa executives who wanted to develop a blockchain-based payment system a decade before Bitcoin existed