Max Levchin has a good track record at predicting the future of money and finance—most notably he cofounded PayPal in 1998, an era when credit card companies totally dominated the world of payments.
Today, Levchin appears to have made another successful bet with Affirm, a site that lets consumers arrange installment payments with online merchants ranging from Wal-Mart to Peloton. Since he founded the company in 2012, Levchin has seen Affirm’s user base triple every year, with the company counting 5.3 million customers as of May.
In an interview with Fortune, Levchin reflected how the pandemic will change shopping and payment habits. The most immediate effect, he says, will be a decline in the use of cash.