Swedish Company Aims to Reduce Friction in Bitcoin Transactions

According to the CEO of Sweden-based company Klarna, accepting bitcoin transactions could allow smaller merchants to access the global marketplace. Brian Billingsley says that the company’s goal is to remove friction for online consumers.

“We’ve done internal pilots with bitcoin. We love the concept of a consumer paying with bitcoin, [but] we haven’t seen a consumer experience to date that really makes it super frictionless,” Billingsley said in an interview with CoinDesk.

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Frictionless Bitcoin Transactions

For now, Klarna isn’t looking to join the growing list of online startups that have embraced bitcoin transactions as a payment method. According to Billingsley, the value proposition for the technology in payments and online commerce still remains unclear.

As it is, Klarna has 1,200 employees in 18 markets and is currently tracking the developments in the bitcoin transactions sector. The company is also in touch with Swedish regulators when it comes to determining how they can allow customers to use bitcoin payments with over 50,000 partner merchants.

While bitcoin is appealing to tech-savvy consumers, it is still undergoing plenty of challenges when it comes adoption by a greater audience. “If shoppers have bitcoin,

Read more ... source: TheBitcoinNews