European Payments Giant Klarna Says It Will Look To Integrate Crypto

Klarna Bank AB, a Swedish fintech company popular in Europe, plans to embrace cryptocurrencies on its platform, the firm’s chief executive officer, Sebastian Siemiatkowski announced in a post on X over the weekend. Klarna is a popular “buy now, pay later” app primarily used in Europe. The platform, which is valued at $14.8 billion according to Investopedia, has over 85 million users and 100 billion of volume, Siemiatkowski said. The company has been around since 2005 and received backing by Sequoia Capital, a prominent venture capitalist behind many fintech and crypto-focused companies, in 2010.

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