It seems that everyone warms up in payments on cryptocurrencies when Bitcoin hits a potential record high of 50Approaching $ 000

Bitcoin’s value rose 16% last Monday after Tesla announced a $ 1.5 billion investment in the currency and PayPal, which added Bitcoin, Ethereum and Litecoin to its app last October, posted one sharp increase in crypto owner engagement

Now, the self-proclaimed cryptoskeptic Max Levchin, founder and CEO of buy now, pay later fintech Affirm, may have to consider adding Bitcoin as a payment option as it becomes increasingly popular

“It’s unbelievable how Bitcoin and all cryptocurrencies have grown,” Levchin said in an interview with CNBC on Revenue Day. “I think at some point, skeptical or not, you have to listen to the market”

Read more: INTERVIEW: Max Levchin couldn’t get a car loan, so he founded Affirm Buy Now, Pay Later Fintech brought in $ 1.2 billion in its public market debut

Last week, Mastercard announced plans to allow merchants to accept cryptocurrencies at the checkout on their payment network, and Visa has just launched a new crypto platform for fintechs Visa will also support the Bitcoin rewards credit card from crypto startup BlockFi

“If it becomes a meaningful exchange that people actually want to use to buy their pelotons and sporting goods, we need to think about it,” Levchin

said

On Friday, Affirm reported its first public quarterly results since going public in January The company posted revenue growth of 57% and total revenue up 55% year over year.Although the fintech is still unprofitable, it has a net loss of $ 31 out of 6 million in its second fiscal quarter, which ended Dec. December ends

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World News – AU – Self-proclaimed cryptoskeptic Max Levchin says Affirm may need to consider cryptocurrencies if Bitcoin continues to grow in popularity

Source: https://www.businessinsider.com/affirm-max-levchin-adding-crypto-buy-now-pay-later-2021-2