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Payments Company Affirm Shutting Down Crypto Business


www.coindesk.com 08 February 2023 21:44, UTC
Reading time: ~2 m

Alongside its Q4 earnings results on Wednesday afternoon, Affirm (AFRM) announced the shuttering of its crypto operations, effective March 2.

The shut down is part of a larger retrenchment for the payments company, which also announced job cuts of 19% of its workforce. It's unclear what proportion of those layoffs are to do with the crypto operation.

Shares are down 17% in after hours trade.

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