US-based payments company Affirm has announced that it will shut down its Bitcoin (BTC) and cryptocurrency services as part of its workforce cut plan.
Affirm released a statement on its official website on February 8, which is called Affirm Crypto. Bitcoin and cryptocurrency trading and its storage services unit. The company also has an approximate value of its employees within the scope of the planned roadmap. 19% of that he would terminate his post and, in connection with this, some he will finish his side projects or will delay conveyed.
Affirm, which dominates the current macroeconomic environment, to uncertainty as much as possible strong One with the balance sheet to fight main fields of activity He said he will focus.
According to the information given, the company March 2 While closing Bitcoin and crypto trading as of 31 March Completely Affirm Cryptocurrency program will terminate. The assets of users who do not transfer their balances until the end of the program are converted into nominal currencies. Affirm Savings will be transferred to their accounts.
CFO of the company Michael Linford He used the following statements on the subject:
We have taken decisive steps to cut expenses and now we believe that our cost base is of the appropriate size to meet our profitability targets while supporting our product roadmap and long-term growth targets.
Affirm (AFRM) with the published statement share price, $17.42 from the levels %27 in decline $12.7 decreased to levels. After a small recovery, AFRM is in the closed US markets. 12.96 dollar at levels exists.