For most people, crypto is still confusing, risky, and hard to use. Wallets feel technical, security is a constant worry, and everyday payments with digital assets remain out of reach for the majority.
This gap between interest and usability has prevented wider adoption, even as millions already hold crypto globally.
Klarna x Privy
Stockholm-based Klarna, a global digital bank and flexible payments provider, now wants to change that.
On December 11, the Swedish firm announced a research partnership with Privy, a wallet infrastructure platform owned by Stripe.
The partnership aims to explore, research and co-design potential wallet solutions to power a new generation of crypto products for Klarna users.
The goal is to make storing, using, and transacting with crypto as easy as using any other Klarna feature.
Klarna has recently launched its stablecoin, KlarnaUSD, in partnership with Tempo and Bridge. The company is also developing a wallet to make it easier for everyday consumers to access crypto products.
“Millions already trust Klarna to manage everyday spending, saving, and shopping,” said Sebastian Siemiatkowski, CEO and co-founder of Klarna. “That puts us in a strong position to bring crypto into normal people’s financial lives, not just early adopters. With Privy, we want to build products that feel intuitive, safe, and part of daily life.”
Supports over 100 million accounts
Privy already supports over 100 million accounts for more than 1,500 developers, including platforms such as OpenSea and Hyperliquid. Its technology helps move billions in crypto and stablecoins each month.
Through this partnership, Klarna users could eventually hold digital assets, invest, and send money more easily across borders.
“We’re excited to work with Klarna and provide the secure infrastructure needed to support large-scale fintech products,” said Henri Stern, CEO and co-founder of Privy. “Our aim is to be the backbone for businesses that want to unlock what crypto and stablecoins can offer.”
Klarna highlighted that this collaboration is currently focused on research and development. Any future crypto wallet or related products would depend on regulatory approvals in different regions.
