Klarna CEO Says the Buy Now, Pay Later Fintech Is Exploring Crypto
Klarna Bank AB Chief Executive Officer Sebastian Siemiatkowski said the firm, known for its buy now, pay later offerings, is exploring an expansion into the cryptocurrency market.
After previously dismissing crypto as a 'decentralized Ponzi scheme,' Siemiatkowski recently talked with Klarna board member Andrew Reed, a Sequoia Capital partner, and then met with crypto companies about digital currencies including Bitcoin and stablecoins, he said in a Bloomberg Television interview Thursday. He posted 'I give up' on social-media platform X on Feb. 8, saying Klarna 'will embrace crypto.'
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