Odaily Planet Daily News Sebastian Siemiatkowski, CEO and co-founder of Swedish "buy now, pay later" fintech giant Klarna, said on Saturday that the company is looking at cryptocurrency integration. Siemiatkowski joked that Klarna is one of the last major fintech companies to enter the crypto field.
Klarna currently serves 85 million customers and works with more than 500,000 merchants. The company processes $100 billion in transactions, 30% of which are debit card consumption.
While sharing Klarna's plans to adopt cryptocurrencies, Siemiatkowski also sought the opinions of the cryptocurrency community on potential deployment strategies. Circle Chief Product and Technology Officer Nikhil Chandhok offered to help, suggesting that Klarna could settle merchant transactions with stablecoins to speed up processing and improve cash flow, and also suggested integrating crypto wallets to provide direct crypto payment options for Klarna purchases.