PANews reported on December 11th that, according to The Block, Swedish fintech company Klarna has announced a partnership with Privy, Stripe's wallet infrastructure platform, to jointly develop a crypto wallet for mainstream users. This initiative follows the launch last month of KlarnaUSD, a USD stablecoin based on the Tempo blockchain, marking Klarna's shift from a "crypto skeptic" to a deeper involvement in crypto finance.

Klarna stated that the wallet project is still in the exploratory stage, and the final product launch depends on regulatory approval. The Tempo public blockchain, incubated by Stripe and Paradigm, has recently attracted partners including Mastercard and UBS to participate in testing. Klarna expects to announce more crypto-related developments in the coming week.