Payments Company Affirm Is Shutting Down Its Crypto Business

Affirm Crypto will close on March 2. The shutdown is part of a larger retrenchment for the company, which also announced it would eliminate 19% of its workforce. It's unclear what proportion of those layoffs are related to the crypto operation.

“Concurrent with reducing our workforce, we are sunsetting several initiatives, such as Affirm Crypto,” CEO Max Levchin said in the letter. Affirm joined other fintech firms launching crypto initiatives in the late stages of the bull market. Affirm Crypto was designed to let customers buy, sell or hold cryptocurrencies.Adds comment from Affirm CEO Max Levchin.

Affirm HeleneBraunn I know 3 people that haven’t paid a single dime on multiple loans taken out back in December.

Affirm HeleneBraunn They are going to regret it soon.. crypto is the future!

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