[sbuccini]

This article is so weak. It doesn't provide any actual reasons for why BNPL is a bubble nor why such a supposed bubble is about to burst. Seriously quotes TikTokers who are probably just paid shills for the company.

There are real issues with BNPL, mostly extremely loose underwriting in the pursuit of growth, but realistically it's no different than a credit card. People actually interested in this topic should look at the CFPB's recent report on the subject and at the quarterly reports for Affirm/Upstart/Square/etc.

[Nextgrid]

> realistically it's no different than a credit card

That's the point, people already have perfectly functional credit cards. How is BNPL so much better that it will enough profits to provide the astronomical returns VCs desire?

[sbuccini]

Actually they don't. The Harvard economist quoted in the article states that most BNPL users don't have or don't use a credit card.