Levchin said consumers purchasing items in small, regular increments—that is the essence of buy now, pay later—has only garnered about 3% of the ecommerce pie, but he anticipates plenty of room for growth. Affirm announced it is planning to soon offer a debit card and to offer crypto purchases directly through its savings accounts.
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Affirm CEO Levchin Expects BNPL to Cut Into eCommerce Pie
Affirm CEO Max Levchin said he believes the concept of “buy now, pay later” may very well replace the modern credit card, but that day is not expected to come anytime soon. So reports CNBC.
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