Klarna Explores Crypto to Keep Up with PayPal, But Neither Offer the Best Cry...
Swedish payment giant Klarna plans to integrate crypto. The ‘last fintech in the world to embrace it,’ according to Klarna CEO Sebastian Siemiatkowski. While Siemiatkowski expected his post to ‘get a huge sign and two views,’ the community found it big news. Why did Klarna delay this moment for so long, and what crypto services […]
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Swedish fintech firm Klarna has entered the cryptocurrency space with the announcement of a USD stablecoin, set to roll out in 2026. Klarna To Launch Stablecoin On Tempo Blockchain As announced in a press release, Klarna has launched its stablecoin on Tempo’s testnet. The stablecoin, called KlarnaUSD, is backed one-to-one by the US Dollar, and […]
Paypal is reportedly working on a stablecoin backed by the U.S. dollar to expand its cryptocurrency offerings. “We will, of course, work closely with relevant regulators,” the company stressed. Paypal Is Exploring Launching Its Own USD-Backed Stablecoin Paypal Holdings Inc. is reportedly exploring the launch of its own stablecoin backed by the U.S. dollar as part of the company’s cryptocurrency push, Bloomberg reported Friday. Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at Paypal, confirmed to the publication: We are exploring a....
The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.
Global payments platform announced yesterday PayPal Links, a new product that will allow you to send cryptocurrencies to your family and friends. The move is set to increase crypto adoption among regular consumers, which should boost Best Wallet Token’s ($BEST) utility as it powers its own crypto wallet platform. PayPal Set to Revolutionize Crypto Payments […]
According to the CEO of Sweden-based company Klarna, accepting bitcoin transactions could allow smaller merchants to access the global marketplace. Brian Billingsley says that the company's goal is to remove friction for online consumers. "We've done internal pilots with bitcoin. We love the concept of a consumer paying with bitcoin, [but] we haven't seen a consumer experience to date that really makes it super frictionless," Billingsley said in an interview with CoinDesk. Frictionless Bitcoin Transactions. For now, Klarna isn't looking to join the growing list of online startups that have....