Affirm CEO Max Levchin. Photo: Bloomberg
Crypto Global

Affirm Plans a Crypto Card; Koji Launches NFT Apps

Photo: Affirm CEO Max Levchin. Photo: Bloomberg

Affirm, the largest U.S. firm dedicated to “buy now, pay later” online loans, is planning to release a debit card that will allow consumers to hold and earn interest on cryptocurrencies, CEO Max Levchin said at an investor presentation Tuesday.

The offering would bring Affirm up to speed with crypto trading exchanges including Robinhood, which offers a debit card, and Coinbase, which is planning to release one. Unlike these companies, Affirm’s core customers are shoppers—not crypto investors. The company has partnerships with companies including Walmart, Priceline, Peloton and Neiman Marcus, where customers can pay with Affirm’s installment loan service rather than by using a credit card. An Affirm debit card could open up crypto buying to a more mainstream set of consumers. 

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
Reality Check Apple AR/VR
A Curious Apple AR/VR Job Listing; Fortnite’s Engine Switch
The newly revampe main island environment in Fortnite. Credit: Epic Games
A new job listing for a role in Apple’s AR/VR division suggests that Apple wants to rethink or potentially streamline the way that apps are made for its future headworn devices. It could also suggest that Apple is exploring a move beyond the App Store model that has brought it both success and waves of criticism on mobile.The listing in question, which went live on Monday, is for an AR/VR...
Latest Briefs
Google and Roku End Streaming-TV Carriage Dispute
China Readies VIE Blacklist But Will Spare Companies That Are Already Listed
Weibo Shares Fall as Much as 7.2% in Hong Kong Market Debut
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Photograph by Dave Zahrobsky. Art by Haejin Park.
The Big Read Venture Capital Startups
The Inside Story of a Scorched-Earth Breakup Between Two Founder Friends
At 31, Erica Johnson, a neuroscientist and engineer, had never been rich, and certainly not tech-unicorn, eff-you-money rich.
Apple CEO Tim Cook. Photo collage by Haejin Park. Photos by Bloomberg
Exclusive Asia Apple
Inside Tim Cook’s Secret $275 Billion Deal with Chinese Authorities
Apple’s iPhone recently became the top-selling smartphone in China, its second-biggest market after the U.S., for the first time in six years.
Illustration by Mike Sullivan
Modest Proposals Crypto Facebook
Facebook’s Decade-Old Missteps Should Be a Lesson for Web3
Once upon a time—that is, in 2011—the company then known as Facebook launched Open Graph, a way for users to carry their Facebook identities from app to app, thereby enabling developers to give them a personalized experience wherever they went.
Howie Liu, co-founder and CEO of AirTable. Photo by Bloomberg
Exclusive Venture Capital Startups
Airtable Valuation to Double to $11.7 Billion in New Funding
Airtable, a developer of cloud-based collaboration software, is finalizing a new round of funding that would value the San Francisco startup at $11.7 billion including the new capital, said two people familiar with the discussions.
Data Point Crypto Venture Capital
VC Investments in Consumer Crypto Startups Soar 26-Fold
Venture capitalists investing in consumer startups are writing more checks for crypto companies than ever before.
An Instacart worker loads groceries into her car for home delivery. Photo by AP
Instacart Plans 15-Minute Delivery Trial as Rival Startups Grow
For Instacart, the leading U.S. grocery delivery company, being fast may not be fast enough. The $39 billion-valuation startup is planning to launch a pilot program to provide delivery of groceries or convenience items in 15 minutes or less to U.S.