Online lending company has become Affirm, which is known for being a popularized model Buy now, pay later buy now pay later, the latest financial technology company FinTech To move into the world of cryptography.
Affirm confirmed on Tuesday 28 September its plans to enter into crypto investments, the company CEO Max Levchen That his company will soon offer the feature of facilitating the purchase and sale of crypto assets from users' savings accounts.
During a show that lasted for two hours, he said, to search:
“It is time for Affirm to support cryptocurrencies, which seems essential to us. We will soon be taking advantage of our savings accounts to enable seamless crypto ownership.”
The company has not confirmed the release timeframe yet, as yesterday's presentation included a slide written on it new and soon Then the phrase appeared: encryption.
As the application showed Affirm mobile phone box Bitcoin Balance under a savings account.
Crypto-lending Nexo Explains Its Plan To Bypass Potential Regulatory Hurdles
AFIRM competes with the current players in crypto
Many fintech players and technology companies are offering cryptocurrency buying and selling services, amid strong retail demand.
As a result, the market has turned into stiff competition with online lenders and mobile investment apps, trying to lure younger customers.
Players like sofi And Chem Chime And PayPal And Robinhood To provide crypto-related services to clients, along with their core offerings.
In addition, the Stock Exchange issued Coinbase A new function that allows users to pay with Bitcoin also.
The platform said, that it will be possible through direct deposit of payroll checks in the company’s accounts, at a time when most financial technology companies such as Affirm to provide specialized offers.
The platform is slowly expanding to include broader banking and financial services. Besides, the business is heading towards getting the entire banking experience online.
This would help serve customers who do not want to make visits to banks, and instead prefer simple user interfaces.
However, shares were melted down (NASDAQ: AFRM) %1.53 Wednesday 29 September, the mechanism shares closed at 112.77 dollar.
After falling to its lowest level below 50 In dollars, the share price of the African Financial Mechanism more than doubled.
Coinbase Prepares Draft Regulatory Framework to Propose to US Lawmakers
0 Comments
Any Queries , You May Ask