Kraken, one of the world’s leading cryptocurrency exchanges is joining forces with Mastercard to launch a new crypto debit card program for users in the UK and Europe. This partnership will allow crypto holders to spend their digital assets seamlessly at over 150 million merchants across the globe, Mastercard confirmed in a recent announcement.
The new debit cards—both physical and digital will enable users to make everyday purchases using cryptocurrencies and stablecoins, making crypto spending as easy as swiping a traditional card.
This initiative marks a significant step forward for Kraken Pay, a service launched earlier this year that supports cross-border payments in over 300 crypto and fiat currencies. More than 200,000 users have activated their unique “Kraktag,” a personalized identifier linked to their Kraken wallet, streamlining the use of Kraken Pay’s features.
David Ripley, Kraken’s co-CEO, emphasized the vision behind the project: bridging the gap between digital assets and traditional financial systems. “Our customers want to easily pay for real-world goods and services using their crypto or stablecoins,” he said, reinforcing the growing demand for practical crypto utility.
The debit cards are expected to roll out in the coming weeks, marking a new era of crypto adoption in everyday commerce.
