Buy now, pay later giant Klarna is exploring cryptocurrency integration ahead of its anticipated IPO in April this year.
Klarna’s CEO, Sebastian Siemiatowksi, recently shared this development in a post on X, inviting feedback on how the company might best utilize cryptocurrency. He stated, “Btw all crypto fans. Tell me what we should do with it? We have 85 million users worldwide, $100 billion in volume, over 500,000 merchants, and about 30% of our volume is debit, not credit. We also have over 1 million cards. I have some ideas but keen to hear more!”
This initiative arises during a surge in the cryptocurrency sector, particularly following Donald Trump’s return to the White House. The excitement surrounding Trump’s second term has propelled Bitcoin beyond the $100,000 mark, with Standard Chartered forecasting it could reach $500,000 in the next three years.
Siemiatowksi mentioned that he has received numerous suggestions after his initial post. Many industry experts are advocating for a compliance-first approach. Suggestions range from integrating Bitcoin onto the balance sheet to allowing merchants to accept cryptocurrency payments through Klarna’s platform, as well as enhancing the Klarna mobile app with a built-in crypto wallet feature.