Safello Partnership Enables Direct Crypto Purchases From Users' Bank Accounts

A new tie-up with payments firm Klarna brings the exchange access to more than 5,000 banks across Europe.

Feb 18, 2021, 12:54 PM

Updated May 15, 2023, 1:38 PM

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Cryptocurrency exchange Safello has teamed up with payments platform Klarna to bring open banking services to customers.

Sweden-based Safello announced Wednesday the new partnership allows its "more than 180,000" users to directly purchase cryptocurrencies from their bank accounts.
Klarna has access to more than 5,000 banks in 18 countries across Europe and uses a single API that complies with EU open-banking regulations, according to Klarna's website.
“Klarna shares our vision of offering a superior user experience without compromising security and compliance," said Frank Schuil, CEO of Safello. "Besides, open banking is an exceptionally exciting area that will play a key role in our future plans."

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