In March of 2000, PayPal was formed and became a predominant electronic wallet in the U.S. Similar regional services include WebMoney and Yandex.Money in Russia and Alipay in China. While popular in their own countries, these do not have significant global reach. PayPal and Moneybookers (Skrill)[4] became regional electronic wallets, providing greater liquidity, but still do not provide for the free flow of funds between all popular electronic wallet solutions.