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.
Updated May 9, 2023 at 3:16 a.m. UTC
![Safello CEO and co-founder Frank Schuil](https://www.coindesk.com/resizer/d0Q0MiPO9Wcxp60q0jryhT9R1uc=/567x383/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FHAA2OE4U5EC3IZ73QUQH5X2JM.jpg)
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."