Swedish fintech Klarna embraces crypto ahead of April IPO

As Klarna gets ready for its much-anticipated U.S. initial public offering (IPO) in April, CEO Sebastian Siemiatkowski has revealed that the finance platform will embrace crypto from now on.

Siemiatkowski recently posted on X. He said that the company plans to add cryptocurrency to the platform. The news comes at a time when the company is getting ready for a big step forward: its IPO in the US, which is set to happen in April. 

Source: X

That being said, Klarna’s initial public offering (IPO) could be one of the biggest of the year, with a value that goes over $15 billion.

Siemiatkowski asked the crypto community for feedback. He admitted that he has his own thoughts on how crypto may be integrated into Klarna’s services, but he is ready to hear feedback from the community.

He added that Klarna currently serves 85 million customers worldwide, processes $100 billion in transaction volume, and works with over 500,000 businesses. He also noted that approximately 30% of purchases are debit-based rather than credit.

Siemiatkowski’s questions weren’t left unanswered, as Nikhil Chandhok, Circle’s product and technology head, stressed the benefits that stablecoin systems may bring to Klarna’s payment operations.

He claimed that using stablecoins to settle payments with businesses might be faster and smoother than traditional ways, and he suggested that customers link their crypto wallets to Klarna to facilitate international transactions.