US Affirm "Introducing Cryptocurrency Trading Service from Deposit Accounts"

(Photo by CNBC)

[Asia Economy Reporter Yujin Cho] Affirm, a fintech company listed on the U.S. Nasdaq, is introducing a service that allows users to directly buy and sell cryptocurrencies through deposit accounts, CNBC reported on the 29th (local time).

Max Levchin, CEO of Affirm, stated at an investor briefing, "We will enable customers to smoothly buy and sell cryptocurrency ownership through Affirm deposit accounts."

Although he did not disclose a specific launch date for the cryptocurrency trading service, he mentioned that the related feature development would be completed soon.

Founded by Levchin, co-founder of PayPal, Affirm is a fintech company gaining attention for its "Buy Now, Pay Later" (BNPL) service, which functions similarly to credit cards, and it was listed on Nasdaq last January.

CNBC reported, "As online lenders, mobile investment apps, and cryptocurrency exchanges compete to attract young consumers, Affirm has become the latest fintech company to join the ranks of Bitcoin services."

Earlier, Coinbase, the largest cryptocurrency exchange in the U.S., announced a service allowing American workers to directly deposit their payroll from their bank accounts into Coinbase.

This enables users to hold funds in dollars on Coinbase or convert them immediately into cryptocurrencies like Bitcoin without fees.

This content was produced with the assistance of AI translation services.