Klarna Charts Course Towards Cryptocurrency Integration

2025-02-12 12:58:40

(MENAFN- The Arabian Post)

Swedish fintech leader Klarna is preparing to integrate cryptocurrency into its platform, as announced by CEO Sebastian Siemiatkowski. In a statement on X, Siemiatkowski declared,“I give up. Klarna and me will embrace crypto! More to come.” This move signifies a strategic shift for the company, which has traditionally focused on“buy now, pay later” services.

Klarna, valued at $14.8 billion, has over 85 million users and processes approximately $100 billion in transaction volume annually. The company's decision to explore cryptocurrency integration comes as it plans an initial public offering in April 2025. However, Klarna has clarified that it does not intend to incorporate digital assets into its BNPL services.

Arabian Post – Crypto News Network

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