Coinbase and global payment provider Klarna have teamed up to offer a stablecoin-based funding option, which allows users to add more funds to their Coinbase account.
Below is a list of all the partnershipCustomers in the supported regions can use stablecoins like USDC Klarna allows users to directly fund their Coinbase wallets through the checkout process, which gives them a familiar payment flow and leverages fiat-pegged assets’ price stability.
This integration allows consumers to have more flexibility and choice at checkout. They can use their stablecoins to trade, invest or send money without having to make a separate card or bank payment.
Says Klarna chief financial officer Niclas Neglén,
“Stablecoin connects us to an entirely new class of institutional investors, and gives us the potential to diversify our funding sources in ways that simply weren’t possible a few years ago. This is just the beginning of how digital assets can work alongside our traditional funding sources.”
The Swedish firm Buy Now, Pay Later has announced its November 2014 results. announced KlarnaUSD is the stablecoin that the company will launch next year.
Says CEO Sebastian Siemiatkowski,
“Crypto is finally at a stage where it is fast, low-cost, secure, and built for scale. This is the beginning of Klarna in crypto, and I’m excited to work with Stripe and Tempo to continue to shape the future of payments.”
According to McKinsey stablecoins transactions have reached $27 trillion per year and could take over traditional payment networks as early as 2030.
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