Cryptocurrency Q&A
Why is Latitude pay closing down?
Why is Latitude pay closing down?
SamuraiSoul
Wed Oct 30 2024
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7 answers
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I've heard that Latitude pay, which I've been using for a while now, is shutting down. I'm curious to know the reasons behind this decision. Could it be financial troubles or maybe they're just not profitable? I'd like to understand what's causing them to close.
7 answers
Sara
Fri Nov 01 2024
This decision was influenced by various factors.
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HallyuHeroine
Fri Nov 01 2024
One major factor was the uncertainty surrounding the future regulatory environment.
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DavidJohnson
Fri Nov 01 2024
On February 24th, 2023, Latitude made a significant decision.
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FireFlyer
Fri Nov 01 2024
Latitude felt that the regulatory landscape was too unpredictable to continue operating in the sector.
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CryptoConqueror
Fri Nov 01 2024
Despite exiting, Latitude remained supportive of regulating BNPL as a credit product.
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