Kraken Teams Up With Mastercard to Launch Cryptocurrency Debit Cards
Kraken Teams Up With Mastercard to Launch Cryptocurrency Debit Cards
As part of the collaboration, the cryptocurrency exchange will introduce physical and digital debit cards that users can use to spend cryptocurrency around the world.
Author: Francisco Rodriguez | Edited by: Sheldon Reback Updated: Apr 9, 2025 2:55 PM Published: Apr 9, 2025 10:02 AM
What you need to know:
- Kraken partners with Mastercard to give cryptocurrency holders in the UK and Europe the ability to use digital assets at over 150 million merchants worldwide.
- Kraken to introduce physical and digital debit cards for everyday cryptocurrency and stablecoin transactions.
- The initiative is part of Kraken Pay, a service that launched earlier this year and allows transactions in more than 300 cryptocurrencies and fiat currencies.
Mastercard has announced that cryptocurrency marketplace Kraken is teaming up with Mastercard to allow cryptocurrency holders in the UK and Europe to spend their digital assets at more than 150 million points of sale worldwide.
Kraken will offer physical and digital debit cards that allow customers to make everyday transactions using cryptocurrencies and stablecoins. This is the latest development in Kraken Pay, a service that launched earlier this year that allows transactions in more than 300 cryptocurrencies and fiat currencies.
According to the press release, over 200,000 users have already activated their “Kraktag” – a unique identifier linked to their Kraken wallet, making it easier to use Kraken Pay services.
David Ripley, co-CEO of Kraken, noted that the initiative is aimed at bridging the gap between the crypto economy and traditional spending. “Our customers want to be able to easily pay for real goods and services using their cryptocurrency or stablecoins,” Ripley added.
The debit cards are expected to go on sale in the coming weeks.
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