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Stock impact report

How Klarna's Research Partnership with Privy Signals a Push to Make Crypto More Accessible [Yahoo! Finance]

Klarna Group plc Ordinary Shares (KLAR) 
Company Research Source: Yahoo! Finance
On December 11, Klarna announced it had signed a research partnership with Privy to explore and co-design wallet solutions to support a new generation of crypto products for Klarna users. The company framed the effort as an attempt to lower the friction that keeps crypto stuck in the “early adopter” lane, focusing on making it easier for everyday users to store, use, and transact with digital assets inside a familiar consumer product experience. Klarna also positioned the move as a follow-on to its recent stablecoin launch, KlarnaUSD, which it said was developed in partnership with Tempo and Bridge. Copyright: prykhodov / 123RF Stock Photo Described by Klarna as a leading wallet infrastructure platform, Privy, a Stripe-owned company, brings the pipes, not the hype. Klarna highlighted Privy's scale, noting that it powers over 100 million accounts for more than 1,500 developers and helps users move billions in crypto and stablecoins each month. Klarna's CEO Sebastian Siemiatkowski Show less Read more
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