Affirm is pretty new, doesn't give zero interest to everyone or support all purchases.
Credit cards and payday loans support all purchases and actually exacerbate this issue by extracting money from people. It makes sense after all, they are a service that has to make money and if rich people don't need their service, where is the money going to come from?
Affirm could work if it was not trying to make a profit (maybe off VC funds), but it is difficult for me to understand how it will solve this issue and be profitable.
Credit cards and payday loans support all purchases and actually exacerbate this issue by extracting money from people. It makes sense after all, they are a service that has to make money and if rich people don't need their service, where is the money going to come from?
Affirm could work if it was not trying to make a profit (maybe off VC funds), but it is difficult for me to understand how it will solve this issue and be profitable.