Klarna is taking another step into crypto, and this time the focus is not traders or power users.
The Swedish fintech giant has partnered with Privy, a wallet infrastructure provider backed by Stripe, to explore how crypto wallets could fit naturally inside Klarna’s ecosystem. The goal is simple. Make digital assets easier to use for everyday people, not just early adopters.
Building on Klarna’s Stablecoin Push
This project builds directly on Klarna’s recent launch of KlarnaUSD, a dollar-backed stablecoin created using Stripe’s Bridge platform. That rollout signaled a shift in how Klarna views crypto, from an experimental idea to something that could support real financial use cases.
Instead of launching a standalone crypto app, Klarna wants to embed crypto features directly into the tools users already rely on for spending, saving, and shopping.
What the Partnership With Privy Looks Like
Klarna and Privy plan to co-design and test crypto wallet features, focusing on storage, transfers, and day-to-day usage of digital assets. Privy brings the underlying infrastructure, with technology that already powers more than 100 million accounts, including platforms like OpenSea.
Over time, Klarna users could be able to hold stablecoins or other crypto assets, send money to friends, and potentially use crypto for global transactions, all without leaving the Klarna app.
The emphasis is on usability and simplicity, not complexity.
Why Klarna Thinks It Has an Advantage
Klarna CEO Sebastian Siemiatkowski framed the move around trust and scale.
Millions of people already use Klarna to manage everyday finances. That existing relationship gives the company a chance to introduce crypto in a way that feels familiar rather than intimidating.
The idea is to bring digital currencies into normal financial routines, instead of forcing users to learn entirely new platforms.
Part of a Bigger Industry Shift
Klarna’s move reflects a broader trend. Large fintech and payments companies are increasingly testing crypto tools as infrastructure, not speculative products. Stablecoins and wallets are being explored as ways to reduce friction in global payments and lower transaction costs.
That said, any features Klarna eventually launches will still need to pass regulatory review before reaching users.
From Skeptic to Builder
Klarna has not always been friendly toward crypto. In the past, the company openly questioned its usefulness.
Now, the tone has changed.
By partnering with Privy and leaning into stablecoins and wallets, Klarna is signaling that digital currencies may play a meaningful role in the future of consumer finance. Not as a niche product, but as something quietly built into the tools people already use every day.
