you need to get a grip on what people are talking about here!
the conversation is a comparison of the cost of the bnpl purchases to an annual interest rate like a CC
doing the same purchases and repayment schedule on a credit card assuming 20% interest (also without interest free period) the $50 purchases will cost $50.57.
hence bnpl is much more expensive in this example
nearly 600% more in costs to the loan
thats the point of what is being discussed
Daily Price Movement / General Discussion, page-31668
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$1.46 |
Change
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Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
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