Today In Payments: Figure Sets Up Blank-Check Firm To Advance Blockchain Lending; Affirm Hits 4.5M Users

Figure set up a SPAC to raise $250 million, and Affirm reported solid growth in 2020 in its first earnings call. Plus, BNY Mellon launched a digital asset platform, the first global financial institution to do so. Figure Sets Up Blank-Check Firm To Advance Blockchain Lending Blockchain mortgage lender Figure is launching a special purpose acquisition company (SPAC), called Figure Acquisition Corp, in an effort to raise $250 million. Figure uses its own blockchain called Provenance to partially
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