Do you know why Mastercard and Visa have high interest rates it’s because that’s the cost of lending money. The interest rates cover interest on which you pay to bond holders to borrow money plus any bad debts, plus a nominal amount for operating costs, plus regulatory compliance plus profits. BNPL is a scam as there is no reasonable way to make profits without high interest rates and credit checks to ensure that users are going to pay you back. So only way BNPL works is that there is no interest rates or negative interest rates and no bad debt. The Afterpay founders know this because anyone with a commerce degree knows this. So it’s a big SCAM intended for people to invest into a business that can never ever make profits. If you don’t believe this why do you think the regulator in America is asking questions cause they have seen this malarkey before in the subprime mortgage crisis.
APT Price at posting:
$72.29 Sentiment: Sell Disclosure: Not Held
