Catenaa, Tuesday, April 15, 2025- Crypto exchange Kraken has teamed up with Mastercard to allow digital asset holders in the UK and Europe to spend their cryptocurrencies at over 150 million merchants globally. The collaboration, announced April 9, 2025, will introduce physical and digital debit cards, enabling Kraken users to make everyday purchases with crypto and stablecoins.
The new cards will be integrated with Kraken Pay, the exchange’s cross-border payment platform, which supports over 300 crypto and fiat currencies. This integration will facilitate smooth transactions for Kraken’s more than 15 million users, expanding the practical use of digital assets in the real world.
Kraken’s co-CEO, David Ripley, emphasized the transformative potential of crypto in the global payments industry, stating, “Our customers want to easily pay for goods and services with their cryptocurrencies or stablecoins.” The new initiative aims to bridge the gap between digital currencies and traditional payment systems.
In addition to the card rollout, Kraken has launched the “Kraktag,” a unique identifier linked to users’ Kraken wallets, streamlining global transfers. The waitlist for the debit cards is now open, with an expected launch in the coming weeks.
The partnership signals growing momentum for integrating crypto into traditional financial infrastructures. Mastercard’s ongoing efforts to advance crypto payments include past collaborations with Mercado Bitcoin, further pushing digital assets into mainstream commerce.
