Mastercard Partners With Kraken to Enhance Crypto Payments in the UK and Europe

Mastercard has announced a partnership with Kraken, leveraging its global payments network to enable millions of users to spend their cryptocurrencies at over 150 million merchants worldwide. This collaboration underscores Kraken’s commitment to bridging traditional finance and digital assets, providing simple and secure payment solutions for its customers in the UK and Europe. As part of this initiative, Kraken plans to launch physical and digital debit cards in the coming weeks, further facilitating the everyday use of cryptocurrencies. David Ripley, Co-CEO of Kraken, emphasized the transformative potential of crypto in the payment industry, while Scott Abrahams, Mastercard’s executive vice president of global partnerships, highlighted their shared goal of unlocking the true potential of digital assets for everyday transactions.