Share this article
BTC
$106,946.25
+
0.68%ETH
$2,546.20
-
0.97%USDT
$1.0003
+
0.03%XRP
$2.3669
-
0.99%BNB
$662.80
+
1.90%SOL
$169.88
-
0.03%USDC
$0.9998
+
0.01%DOGE
$0.2298
+
1.12%ADA
$0.7552
+
1.28%TRX
$0.2697
+
0.10%SUI
$3.8730
-
0.54%LINK
$15.86
-
1.90%AVAX
$22.51
-
0.31%XLM
$0.2884
+
0.66%HYPE
$26.49
-
0.46%SHIB
$0.0₄1467
-
0.37%HBAR
$0.1951
-
0.58%LEO
$8.7669
+
0.78%BCH
$395.82
+
0.02%TON
$3.0789
+
0.82%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Kraken Teams Up With Mastercard to Introduce Crypto Debit Cards
The partnership will see the crypto exchange introduce physical and digital debit cards users will be able to use to spend their cryptocurrency throughout the world.
What to know:
- Kraken is working with Mastercard to enable crypto holders in the U.K. and Europe to spend digital assets at over 150 million merchants worldwide.
- Kraken will introduce physical and digital debit cards for everyday transactions using crypto and stablecoins.
- The intitiative is part of Kraken Pay, a service that debuted earlier this year for cross-border payments in over 300 crypto and fiat currencies.
Crypto exchange Kraken is teaming up with Mastercard to let crypto holders in the UK and Europe spend their digital assets at more than 150 million merchants worldwide, Mastercard announced.
Kraken will offer physical and digital debit cards, allowing customers to use crypto and stablecoins in everyday transactions. It’s the latest development in Kraken Pay, a service that debuted earlier this year that enables cross-border payments in over 300 crypto and fiat currencies.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More than 200,000 users have already activated their “Kraktag,” a unique identifier tied to their Kraken wallet, simplifying the use of Kraken Pay’s services, according to the press release.
David Ripley, Kraken’s co-CEO, said the initiative aims to close the gap between the crypto economy and traditional spending. “Our customers want to easily pay for real-world goods and services using their crypto or stablecoins,” Ripley said.
The debit cards are expected to be available in the coming weeks.
Francisco Rodrigues
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold.
