Lending Platform Affirm Will Allow Customers to Buy and Sell Crypto

Affirm Holdings Inc., the publicly traded, consumer lending platform, plans to allow customers to buy and sell crypto, according to a presentation posted Tuesday on the company’s website.

• The fintech company made the announcement as part of its Investor Forum.
• The news was first reported by Bloomberg.
• Affirm joins other companies such as PayPal, which last year gave customers the ability to buy, sell and hold cryptocurrency. Last month, PayPal extended its crypto service to the U.K., allowing customers to buy, sell and hold four different cryptocurrencies on its platform.
• For its recently completed 2021 fiscal year, Affirm notched revenues of $870.5 million, a 71% increase over the previous year.

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