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-0.000369731328567921 0.000821625174595303 0.000210336044696386 0.00094486895078461 0.00667570454358722 0.00288185029989311 0.00230055048886699 0.00817517048722365
Stock impact report

Klarna partners with Coinbase to receive stablecoin funds from institutional investors [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
The latest example came on Friday when the company said it is partnering with the crypto exchange Coinbase to accept stablecoin funds from institutional investors. Klarna's business model revolves around supplying consumers with zero-interest loans to buy goods, an arrangement known as buy-now-pay-later, or BNPL. The Swedish firm earns money primarily by charging merchants a small fee to offer its services, and acquires capital via a banking arm that accepts deposits and issues bonds. Its partnership with Coinbase will let institutional investors front capital denominated in stablecoins, a type of cryptocurrency pegged to underlying assets like the U.S. dollar. “Stablecoin connects us to an entirely new class of institutional investors,” said Niclas Neglén, Klarna's CFO, in a statement. Friday's announcement is the latest foray into crypto from Klarna, which went public in September. In late November, Klarna launched its own stablecoin, KlarnaUSD , on a new blockchain backed by Show less Read more
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