Fintech giant Klarna seeks community advice on cryptocurrency adoption, Circle executives propose stablecoin settlement and integrated crypto wallets

Odaily 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 space.
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 purchases.
While sharing Klarna’s plans to adopt cryptocurrencies, Siemiatkowski also sought input from the crypto community on potential deployment strategies. Circle Chief Product and Technology Officer Nikhil Chandhok offered to help, suggesting that Klarna could settle merchant transactions in stablecoins to speed up processing and improve cash flow, in addition to suggesting integrating crypto wallets to provide a direct crypto payment option for Klarna purchases.