SBF gets arrested, The Block’s CEO gets a bag from FTX, + Walmart launches a BNPL service | E1636
This Week in Startups
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The BNPL Debate: Risks and Retail Innovations
This chapter explores the emergence of buy now, pay later (BNPL) services, particularly with Walmart's recent entry into the market. The speakers share humorous anecdotes while discussing the implications of such financial products, expressing concerns about consumer debt and the potential exploitation of low-income shoppers. They draw parallels to past financial crises, urging a reevaluation of contemporary credit practices and their impact on consumer habits.
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