Is Klarna Finally Joining the Crypto Party? You Won’t Believe What Happens Next! 🎉

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In the land of meatballs and midnight sun, where the air is crisp and the innovation flows like a river, Klarna’s chief, Sebastian Siemiatkowski, has thrown his hat into the crypto ring. Yes, folks, the fintech giant is gearing up for a grand leap into the digital currency world, just in time for its much-ballyhooed IPO in the good ol’ U.S. of A. this coming April. Who knew that a company known for its buy-now-pay-later schemes would decide to tango with Bitcoin? 💃

In a recent ramble on X, our dear Sebastian spilled the beans about his plans to weave crypto into the very fabric of Klarna’s platform. As the company stands on the precipice of a potential $15 billion valuation, one can only imagine the excitement—like a kid in a candy store, or perhaps a cat in a room full of laser pointers. The IPO is shaping up to be one of the biggest spectacles of the year, and who doesn’t love a good show? 🎪

Ok. I give up. Klarna and me will embrace crypto! More to come

Yes I know! This post will get a huge sigh and 2 views 😂

But it still feels historic. Last large fintech in the world to embrace it. Someone had to be last. And that’s a milestone as well of some sort… 🥳

— Sebastian Siemiatkowski (@klarnaseb) February 8, 2025

With a twinkle in his eye, Siemiatkowski reached out to the crypto community, asking for their sage advice. He’s got a few ideas brewing in that entrepreneurial noggin of his, but he’s all ears for suggestions. After all, Klarna is already serving a whopping 85 million users, processing a staggering $100 billion in transactions, and cozying up with over 500,000 merchants. And let’s not forget, about 30% of those transactions are debit-based—because who doesn’t love a good debit card? 💳

Btw all crypto fans. Tell me what we should do with it? We have 85 m users worldwide. 100 bn of volume. Over 0.5 m merchants. About 30% of volume is debit not credit. Over 1 million cards.

I have some ideas but keen to hear more!

— Sebastian Siemiatkowski (@klarnaseb) February 8, 2025

Meanwhile, Frank Schuil, the big cheese over at Safello AB, a Nordic crypto exchange, chimed in with a suggestion that Klarna could marry its BNPL model with crypto. Imagine the possibilities—processing billions in digital assets! It’s like a match made in fintech heaven. 💍

BREAKING: @Klarna to embrace crypto🚀🚀🚀

Klarna has a $14.6B valuation and $96B GMV in 2023. This impacts its 85M+ users and the broader fintech space. Crypto transactions could integrate with its BNPL model, potentially processing billions in digital assets.

CEO @klarnaseb…

— FrankSchuil (@FrankSchuil) February 8, 2025

Then there’s Marshall Hayner, the mastermind behind Metallicus and Metal Pay, who suggested that Klarna should hop on the Metal bandwagon. He’s dreaming of a stablecoin launch and a Klarna subnet for trading digital assets. Sounds fancy, doesn’t it? Like a tech-savvy farmer dreaming of a bountiful harvest. 🌾

Nikhil Chandhok, a whiz at Circle, also weighed in, touting the efficiency of stablecoin systems. He claims that settling payments with merchants in stablecoin could be swifter than a cheetah on roller skates. And he’s got a point—linking crypto wallets to Klarna could make international transactions smoother than a well-oiled machine. 🛠️

1/ You can settle with your merchants in stablecoin. Probably be faster than what you are doing now.

2/ You can let users connect their crypto wallets to klarna to make the payments. International users looking to use klarna will then have a way to do that.

3/ longer term, if…

— Nikhil Chandhok (@chandhok) February 8, 2025

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2025-02-10 15:24