[pmjordan]

I haven’t used this or any other micro-borrowing service. But we’ve got over a decade‘a worth of failed microtransaction services in the West. I’m going to guess that this is a fantastic way to encourage traction with such a service. Want to spend a few cents here and there? Great! Get started and pay us later. Then when you’ve used that up they get your (bank) details and trust you with more and more credit, until they’re no longer micro-loans. And people buy all sorts of stuff (consumer goods) on credit, this much shouldn’t be a surprise.

[notfromhere]

at least in the US, micro-borrowing didn't take off because its already easy to get credit.

What is concerning is that micro-lending for e-commerce is taking off with services like affirm, which looks like a dangerous economic signal when people are using it to finance purchases under $100 dollars.

basically any major boost in micro-lending in the US would be a warning and not anything to celebrate.

[aSplash0fDerp]

Good points... And I commend you for staying on topic with that last paragraph.

Literally all of the warning lights are blinking (due to intentional neglect and corruption across the board), but the micro-lending bastion is safe for now.

Username checks out...