Klarna Bank Ab, a popular Fintech company in Europe, plans to adopt cryptocurrencies on its platform, the firm’s executive director, Sebastian Siestkowski, announced in an X post during the weekend.
“I give up. Klarna and I will hug Crypto! More to come,” he wrote to his 33,000 followers in the application.
Klarna is a popular application “buy now, pay later” used mainly in Europe. The platform, which is valued at $ 14.8 billion according to Investopepedia, has more than 85 million users and 100 billion volume, said Siestkowski.
The company has existed since 2005 and received the support of Sequoia Capital, a prominent risk capitalist behind many Fintech and cryptographic companies, in 2010. Siemiatkowski said that an investment analyst presented him to three entrepreneurs who convinced him to obtain in crypto.
Sequoia, which has a 22% participation of Klarna, also supports the avalanche avalanche markets, blocks of fire, stripes and exchange crypto of Edx, among others.
Many other Fintech firms have long incorporated cryptography on their platforms, such as Robinhood, Venmo or Revolution. The last two, for example, have allowed users to buy, sell and maintain certain cryptocurrencies in the application.
“It still feels historic,” Siemiatkowski wrote. “The last great Fintech in the world to hug him. Someone had to be the last. “
Siemiatkowski did not specify how exactly Klarna would incorporate cryptocurrencies into its business model. A user suggested an option “buy cryptography, pay later”, which Siemiatkowski replied to say “probably not”. Today early, he said that while the company will analyze all options, it could take some time to have a plan.
