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
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$1.76 |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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4 | 60603 | 1.750 |
1 | 56903 | 1.745 |
9 | 372600 | 1.740 |
1 | 56903 | 1.735 |
Price($) | Vol. | No. |
---|---|---|
1.760 | 60000 | 2 |
1.765 | 132114 | 1 |
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