Klarna Plans Crypto Integration as It Prepares for Potential US IPO
Swedish fintech giant Klarna will integrate cryptocurrencies into its services, indicating a strategic hub for global buying-New York-Salary and its leaders (BNPL) leaders.
This shift follows with the company reporting plans for the U.S. IPO later this year.
Klarna CEO confirms crypto plans, but excludes BNPL, which has digital assets
On February 8, CEO Sebastian Siematkowski confirmed the company’s Plan to enter the crypto market. According to him, the company may be one of the last major fintech companies to make the move, but that is a milestone in itself.
“Okay. I give up. Krana and I will embrace encryption! And more. By the way, all the crypto fans, tell me what we should do? We have 85 million users worldwide, 100 billion batches, more than 500,000 people. About 30% of the quantity is debit rather than credit. More than 1 million cards,” Siematkowski explain.
While the company is willing to explore various crypto integration strategies, Siematkowski welcomes industry feedback to refine Klarna’s approach. But, he Dismissed Possibility provided BNPL service for purchasing cryptocurrencies.
In response, community members suggested that the company could Utilize stable In order to give users greater flexibility in digital transaction settlements.
Industry stakeholders Comparative company Paypal And it is suggested that Klarna can follow a similar path. Others suggest integrating existing stabilizers to improve transaction efficiency.
“You can settle with your businessman Stablecoin. Nikhil Chandhok, chief product and technology officer at Stablecoin issuer Circle, probably faster than what you are doing now. explain.
In addition, community members suggest blockchain networks and defi Agreement, including ghost,,,,, Solanaand XRPL, as potential infrastructure partners.
Siematkowski acknowledged the recommendations and noted Regulatory compliance Still the top priority.
He also highlighted the fintech industry’s shift to cryptocurrencies, recognizing that regulatory compliance is now considered a competitive advantage. This view is in sharp contrast to previous years of discussion on domination.
“Anyway, the interesting observation is how many people stressed that it was a key advantage to suggest full compliance. With this change a few years ago” Siematkowski explain.
Meanwhile, the company’s transformation is Krana It is said that Prepare a US IPOtargeting a valuation of up to US$15 billion. If successful, it may be one of the largest list of the year.
Since its inception in 2005, Klarna has expanded rapidly, serving more than 85 million users and 500,000 people. according to statisticscurrently is the world’s largest BNPL service provider.
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