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Do not believe your statistics or any one else. end of story,...

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Oldtimer46

4,386 Posts.

184

27/02/21

23:52

Post #: 51393087
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Originally posted by Mom88: ↑

No one is down ramping anything here.
I personally am a big believer of BNPL and that it is a viable and a much better offering than credit cards. But that was not what Ci1 set up to be. Please explain which of their services other than Yozo has a “Buy now pay later” component to it?

Also by no means am I suggesting all youth cannot pay back or are broke or don’t have businesses or whatever... the statistics is currently showing 1 in 5 who are going into debt service default. That is 20%. Now look at the number of adoption into BNPL and 20% of that is a massive number who will go into default. This is what Ci1 was set up to do.

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Do not believe your statistics or any one else. end of story, and the big money will come from BNPL side of the business, that is my opinion, it will be huge, let us see one year from now, no more bank drafts needed.

CI1 Price at posting: 5.9¢ Sentiment: Hold Disclosure: Held
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