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Payment Company Affirm to Shut Down Crypto Business

Katie Lin

Summary: Payment network Affirm said in a letter to shareholders on Wednesday it is shutting down its cryptocurrency company Affirm Crypto. The move is part of a larger retrenchment, which also includes a 19% reduction of its workforce, within the company. Affirm Crypto was formed out of the last stages of the bull market and was ...

Payment network Affirm said in a letter to shareholders on Wednesday it is shutting down its cryptocurrency company Affirm Crypto.

The move is part of a larger retrenchment, which also includes a 19% reduction of its workforce, within the company.

Affirm Crypto was formed out of the last stages of the bull market and was designed to let customers buy, sell, or hold cryptocurrencies.

Author: Katie Lin

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