- Klarna is collaborating with Privy to develop a new crypto wallet focused on simplifying crypto use for mainstream consumers.
- The announcement comes shortly after Klarna launched its own stablecoin, KlarnaUSD, in partnership with Tempo and Bridge.
- KlarnaUSD is currently tradable against Solana (SOL) and Binance Coin (BNB), according to CoinGecko data.
- The new wallet aims to integrate with Klarna’s existing payment and savings platforms to lower entry barriers for everyday crypto users.
- Klarna stock fell 0.9% after the announcement, with retail sentiment described as ‘bearish’ on Stocktwits.
Klarna has announced a partnership with Privy to co-design a crypto wallet aimed at making storage and transactions in cryptocurrency more accessible to mainstream users. The development follows just days after Klarna introduced its own stablecoin, KlarnaUSD, in collaboration with Tempo and Bridge.
KlarnaUSD is already listed and tradable against leading cryptocurrencies Solana (SOL) and Binance Coin (BNB) as shown by CoinGecko data. According to Klarna, the forthcoming wallet will integrate smoothly with the company’s current payment and savings platforms. The goal is to make it easier for everyday consumers—not just early adopters—to enter the crypto market.
“That puts us in a unique position to bring crypto into the financial lives of normal people, not just early adopters,” stated Sebastian Siemiatkowski, CEO and co-founder of Klarna.
The shift toward expanding crypto access comes as payment platforms increasingly move into digital assets. The announcement affected the markets, with Klarna’s shares declining 0.9% in early trading; retail sentiment was described as ‘bearish’ over the previous day, according to Stocktwits activity.
The crypto wallet project aligns with Klarna’s broader efforts to blend traditional finance with digital currency services and lower the barriers for new users seeking to engage with crypto.
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