Key Takeaways
- Klarna is collaborating with Privy to explore building a crypto wallet within its app.
- The initiative follows Klarna’s launch of the KlarnaUSD stablecoin and aims to make crypto usage more accessible.
Klarna, the Swedish “buy now, pay later” fintech giant, is collaborating with Privy, a crypto wallet provider recently acquired by Stripe, to research and potentially develop an in-app crypto wallet, according to a Thursday announcement.
Discussing the move, CEO Sebastian Siemiatkowski said Klarna’s widespread consumer trust is an opportunity to integrate crypto into everyday financial routines. Partnering with Privy, the company aims to create wallet solutions that feel as seamless as its existing features.
Siemiatkowski, previously cautious about crypto, now views the space as mature and promising.
Privy, whose infrastructure supports over 100 million accounts and platforms like OpenSea, will help Klarna ensure the wallet is secure, intuitive, and scalable.
Industry data shows that hundreds of millions of consumers already hold digital assets, demonstrating huge mainstream potential.
Klarna’s European banking license positions it among a select group of banks exploring consumer-friendly crypto solutions, the company stated.
The initiative deepens Klarna’s ties with Stripe.
The company recently rolled out the KlarnaUSD stablecoin in partnership with Tempo and Bridge. The product aims to improve international payments by reducing costs and eliminating intermediaries like the SWIFT network.
Source: https://cryptobriefing.com/klarna-crypto-wallet-collaboration/
