Affirm is planning to introduce a debit card and let customers buy and sell crypto in a deeper push into financial services for the "buy now, pay later" company.
Customers would be able to make crypto transactions through savings accounts attached to their Affirm accounts, CEO Max Levchin said at an investor presentation on Tuesday, according to a Bloomberg report.
"Our superpowers are in developing sophisticated, scalable technology, risk management and highly efficient access to capital," Levchin said. "Expect us to look for more opportunities to buy and build, as we look to leverage our core strengths."
The move underlines the expanding reach of crypto in fintech and the rest of the financial services industry. It also highlights the trend toward the development of "super apps" that would give customers more capabilities in managing their finances.