""Millions already trust Klarna to manage everyday spending, saving, and shopping," said Sebastian Siemiatkowski, CEO and co-founder. "That puts us in a unique position to bring crypto into the financial lives of normal people, not just early adopters. With Privy, we plan to build products that feel as intuitive as any other Klarna feature.""
""We're proud to partner with world-class fintechs like Klarna, providing the secure, enterprise-ready infrastructure they need," Stern said. "Privy aims to be the backbone for any business that wants to harness the exciting capabilities crypto and stablecoins offer.""
Klarna has partnered with Privy, a wallet infrastructure platform owned by Stripe, to research and develop crypto wallet features for its users. The collaboration aims to simplify storage, usage, and transfer of digital assets for everyday customers. The partnership builds on KlarnaUSD, a U.S. dollar-backed stablecoin launched with Tempo and Bridge; the token is live on Tempo's testnet and targeted for mainnet in 2026. The stablecoin could reduce global cross-border payment costs, currently estimated at $120 billion annually. Privy powers over 100 million accounts for more than 1,500 developers and supports platforms such as OpenSea and Hyperliquid.
Read at Bitcoin Magazine
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