Jul 16, 2022 - Economy

5. YOLO now, pay later

Illustration of President Lincoln from a $5 dollar bill next to an hour glass

Illustration: Sarah Grillo/Axios

What happens if you combine three financial innovations of dubious utility — BNPL, NFTs, and fees in lieu of interest? Answer: Supermojo!

Why it matters: Wherever there's an arena into which mainstream BNPL companies fear to tread, startups will fearlessly enter. Supermojo finances NFTs; Grabagun.com (slogan: "shoot now, pay later") uses a service that helps customers finance guns at fees that can amount to the equivalent of triple-digit interest rates.

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