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PayPal's Goal: The Global Standard for Online Payments

Mickey Alam Khan reports on PayPal CEO Jeff Jordan's presentation to Etail 2005.

Nearly 10 percent of all U.S. e-commerce is funneled through PayPal, according to Jordan. One out of seven transactions crosses national boundaries. Consumers in more than 40 countries send PayPal, and those in more than 20 countries receive this currency.

"Our goal," he said, "is to be the global standard for online payments."

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