Coinspeaker
Klarna CEO Admits He Was Wrong About Crypto, Plans Major Integration
Klarna, a well-established Swedish fintech company known for its buy now pay later business model, is on the path of endorsing the crypto market. Sebastian Siemiatkowski, the CEO at Klarna, has admitted that he was wrong about the crypto market and its future in the global financial system.
In the past few days, Siemiatkowski has explained that the company will eventually embrace crypto after years of skepticism. Moreover, Siemiatkowski has over the years referred to the crypto market as a decentralized Ponzi scheme.
“Ok. I give up. Klarna and I will embrace crypto! More to come,” Siemiatkowski noted.
Currently, Klarna is exploring ways to incorporate the crypto market into its 85 million global users and $100 billion volume. Furthermore, Siemiatkowski noted that he met with Klarna’s board member Andrew Reed, a partner at Sequoia Capital, and a few crypto companies who convinced him of
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