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Analysis: Can you buy a Tesla with bitcoin? How the payments might work

Americans take to buy now, pay later shopping during pandemic, but can they afford it?

8 Min Read (Reuters) - When Leondra Garrett wanted to stock up on three new pairs of shoes early last year, the North Carolina resident split a $161 online purchase into four installments through a “buy now, pay later” service, in what seemed like a convenient deal. FILE PHOTO: A shopper wearing a protective mask tries on clothes at a retail store following the outbreak of the coronavirus disease (COVID-19), in New York City, New York, U.S., July 5, 2020. REUTERS/Jeenah Moon/File Photo Now, she admits she should have read the small print about missed payments. When the buy now, pay later (BNPL) provider tried to withdraw a payment from Garrett’s bank account a few months later, she didn’t have enough funds to cover it. Soon after, the 42-year-old was charged $40 in penalties and her credit score dropped 10 points to 650, a reading generally classified as ‘fair’.

Beyond Reddit, day traders turning social media platforms into squawk boxes

Beyond Reddit, day traders turning social media platforms into squawk boxes
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

Beyond Reddit, day traders turn social media platforms into squawk boxes

4 Min Read (Reuters) - Social media chatrooms are beginning to resemble the squawk boxes on old-fashioned trading floors, as a new generation of retail traders continues to gain influence over the stock market. FILE PHOTO: Reddit mascots are displayed at the company s headquarters in San Francisco, California April 15, 2014. Reddit, a website with a retro- 90s look and space-alien mascot that tracks everything from online news to celebrity Q&As, is going after more eyeballs, and advertising, by allowing members of its passionate community to post their own news more quickly and easily. REUTERS/Robert Galbraith (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)/File Photo

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