As much as we all can laugh and mock the, oh gosh, they're financing burritos,

when you put your credit card down at your favorite burritoria, you are financing that burrito

too. You may be personally paying it off at the end of the month, but half the country is

paying interest to their credit card provider.

That burrito gets right on top of that pile and immediately starts accruing interest.

The sort of a, oh gosh, a new way to borrow money.

Let's stick with the old one because it's better is pretty disingenuous.

This week on bold'm bold names.

Serial entrepreneur Max Levchen.

You might know him as one of the co-founders of a company that became PayPal.

And for the past decade or so, he's been at the company a firm.

Max started the Buy Now Pay Later company to try to make credit more transparent and therefore less risky.

From the Wall Street Journal, I'm Tim Higgins.

And this is Bold Names, where you'll hear from the leaders of the bold name companies featured in the Wall Street Journal.

Today we ask, what will the future of credit look like?

Max, thank you for joining us in bold names.

You have been in the fintech space for most of your adult life.

You've been heading up a firm since its creation in 2012, really becoming one of the

darlings in the buy now, pay later space.

That buy now, pay later, it's not necessarily a new idea, right?

Installment payments were really made popular in the Great Depression

and kind of lost a favor as we saw the rise of the credit cards years later.

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