arstechnica , Englisch
@arstechnica@mastodon.social avatar

Apple abruptly abandons “buy now, pay later” service amid regulatory scrutiny

Apple Pay Later discontinued after officials require more consumer protections.

https://arstechnica.com/tech-policy/2024/06/apple-abruptly-abandons-buy-now-pay-later-service-amid-regulatory-scrutiny/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

mrcompletely ,
@mrcompletely@heads.social avatar

@arstechnica lmao fucking clowns thought they could just say "loans, but [waves hands] tech" and it would fly

They'll end up paying the vig and getting into the money biz as the front end on a partnership with existing financial institutions, or not at all

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