X.com was an American online bank founded by Ed Ho, Harris Fricker, Elon Musk, and Christopher Payne in 1999 in Palo Alto, California.
[4] Musk commented in a 1999 interview with CBS MarketWatch: "I think we're at the third stage now where people are ready to use the Internet as their main financial repository.
A month later, Musk invested about $12 million into co-founding X.com in March 1999 with Harris Fricker, Christopher Payne, and Ed Ho.
[8] Due to conflict on how to run the company, Musk fired Fricker five months after X.com had started, and the other two co-founders, Payne and Ho left consequently.
[12] In March 2000, X.com merged with its fiercest competitor Confinity, a software company also based in Palo Alto which had developed an easy payment system named Paypal.