C2it
The topic of C2it is of great interest and relevance in today's world. It is a topic that covers multiple aspects and has a significant impact on society, the economy, politics and culture. Throughout history, C2it has been the subject of debate, analysis and study, demonstrating its importance in different contexts. In this article, we will explore the different facets of C2it, examining its influence in various areas of life. Whether at an individual or collective level, C2it awakens the interest of a wide audience, generating reflection and debate about its meaning and consequences today.
| Industry | Financial services |
|---|---|
| Founded | 2000 |
| Founder | S Young Lee, Hope Chen, Will Chen, Jason May, Ian Flint, Jay Shen |
| Defunct | 2003 |
| Fate | Defunct |
| Parent | Citibank |
C2it was a person-to-person money transfer service established by Citibank in 2000 as a competitor to PayPal and Billpoint.[1] It was formed as a partnership with AOL, and later with Compuserve and Microsoft.[2]
The service was discontinued in November 2003, due to low usage; a 2002 Gartner survey indicated that of various online money transfer methods, only 1 percent said they used C2it vs 33 percent who used PayPal.[3]
References
- ^ "Citigroup gets into online payment services game". cnet.com. 2 January 2002. Retrieved 1 February 2019.
- ^ Guttmann, Robert (22 October 2002). Cybercash: The Coming Era of Electronic Money. Springer. pp. 136–137. ISBN 1403914508.
- ^ "Citibank to shut down C2IT person-to-person payments business". finextra.com. 1 October 2003. Retrieved 1 February 2019.
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