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Johny Fernandez: Welcome to
deBanked news. I'm Johny

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Fernandez. If you're a business
owner that needs PPP, you're in

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luck. The Paycheck Protection
Program reopened last week. The

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program is offering forgivable
loans to small businesses and

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allowing certain cash strapped
firms to borrow for a second

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time, Congress authorized up to
$284 billion towards the small

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business loan program as a part
of the sweeping COVID Relief Act

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that went into effect near the
end of 2020. The SBA said that

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it will be offering second PPP
loans to qualifying businesses

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starting this week. Affirm has
gone public. The online buy now

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pay later platform went public
on the NASDAQ at $49 a share

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based on outstanding shares sold
to IPO investors, the company

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saw an $11.9 billion valuation.
Now minutes after public sales

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began the price shot up to about
$100 a share. The company's

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founder spoke through the big
NASDAQ Street in Times Square as

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he virtually rang the starting
bell, take a listen to what he

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had to say.

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Speaker 1: At affirm, we
imagined a better way, a more

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honest way to facilitate value
exchange. So we built a new kind

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of payment network that is
focused on transparency and

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leverages modern technology to
deliver meaningful value to both

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consumers and merchants. By
offering our shares to the

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public, we're inviting like
minded individuals outside

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affirm to share in our mission
and to help us create a future

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financial service.

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Johny Fernandez: Affirm makes
money when a customer uses their

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tech to make a purchase at the
point of sale. If you have

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Bitcoin, you're gonna want to
take a listen to this. You can

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now put your money where your
mouth is literally, a Manhattan

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bar owner is bowing out and
banking on Bitcoin to sell his

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restaurant. This could be the
exclusive first cryptocurrency

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restaurant sale here in the US.
Now Patrick Hughes, the owner of

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a Hellcat Annie's and Scruffy
Duffys announced last week that

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the price tag for the
restaurants is a whopping 25

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Bitcoins. Now the value of 25
Bitcoins is $875,000 by current

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cryptocurrency prices. Hughes
says that he's selling the

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restaurant by using Bitcoins
because, quote, "Crypto is on

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fire, it's a hot currency".
Hughes is among countless

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investors, also institutions and
everyday Americans who see

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cryptocurrency as a legit
alternative to the dollar. So

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what would you use 25 bitcoins
or $875,000 on? Give us a shout

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and let us know. I'm Johny
Fernandez with deBanked News.

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We'll see you next time.