9 ms·
patio11 wrote a really insightful blog post earlier this year on Buy Now Pay Later business models. https://bam.kalzumeus.com/archive/buy-now-pay-later/ https:
by theodorton 5y ago
patio11 wrote a really insightful blog post earlier this year on Buy Now Pay Later business models.
https://bam.kalzumeus.com/archive/buy-now-pay-later/ https://bam.kalzumeus.com/archive/buy-now-pay-later/
- eunos 5y agoI'm concerned if BNPL practice flourishing because it's quite easy to trigger systemic crisis later on. Also quite ironic Tencent funded them, Ant group was whammed by Chinese Govt because they were promoting BNPL on scale.
- AussieWog93 5y ago>I'm concerned if BNPL practice flourishing because it's quite easy to trigger systemic crisis later on. Genuine question - how would that work? BNPL companies tend to have pretty low limits and demand repayment fairly quickly, so I don't think it could lead to a GFC-scale bad debt situation at the very least.
- eunos 5y agoWell when I watched the big short, they said that house mortgage is the safest investment ever.
- AussieWog93 5y agoHouse mortgages are not capped at $2k and repaid over 8 weeks...
- gpderetta 5y agoThat was a great article, thanks.