The agreement with BNPLPay makes mention that OVT is not responsible for posting 'first loss capital' to cover losses and makes mention of the company receiving 50% of the revenues, but is silent about who is responsible for the losses in an environment of increased credit defaults.
Aussie says that OVT has no responsibility for defaults, so a lender who has no capital or experience is prepared to tip out hundreds of mil to lend to highly vulnerable customers and will wear the losses out of half the revenues lol. Who drew that agreement up?
OVT Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
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