In 2010, a programmer who was mining bitcoin famously made the comically expensive mistake of spending 10,000 bitcoin on two pizzas. As of this writing, those coins would be worth $850 million dollars.
While there are few comparisons to that kind of miscalculation, the prospect of adding interest payments to fast-food orders is raising concerns nonetheless. Stemming from a partnership announced earlier this week between DoorDash and Klarna, customers can now buy a burrito or McDonalds order and pay for it later across four interest-free payments.
The deal provides diners — who spend at least $35 — more flexibility, say both companies. But customers who defer payment on a fast-food delivery are at significantly higher risk of missing one of those interest-free installment payments.
Indeed, to some, the new partnership is yet another troubling economic sign of the times. Says Chuck Bell of Consumer Reports to the New York Times: “If you don’t pay the bill on time and you start getting multiple late fees, it could end up being a very expensive chile relleno or pad Thai.”
You Might Also Like
‘Tesla Takedown’ protesters are planning a global day of action on March 29, and things might get ugly
‘Tesla Takedown’ organizers have promised their biggest day of global action this weekend, encouraging thousands to protest outside Tesla showrooms,...
Again and again, NSO Group’s customers keep getting their spyware operations caught
On Thursday, Amnesty International published a new report detailing attempted hacks against two Serbian journalists, allegedly carried out with NSO...
Startups Weekly: Mercury more than doubled its valuation, and other news
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it...
Nintendo used its new app to announce the ‘Legend of Zelda’ movie release date
Nintendo announced on Friday that its live-action “The Legend of Zelda” movie will premiere on March 26, 2027. It’s a...