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Affirm plans to let customers buy and sell crypto

A laptop showing an Affirm sales pitch

Affirm is planning to add a feature that would let customers buy and sell crypto.

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.

Benjamin Pimentel

Benjamin Pimentel ( @benpimentel) covers crypto and fintech from San Francisco. He has reported on many of the biggest tech stories over the past 20 years for the San Francisco Chronicle, Dow Jones MarketWatch and Business Insider, from the dot-com crash, the rise of cloud computing, social networking and AI to the impact of the Great Recession and the COVID crisis on Silicon Valley and beyond. He can be reached at bpimentel@protocol.com or via Google Voice at (925) 307-9342.

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