Kraken and Mastercard Partner to Bring Crypto Payments to Millions Across Europe
Kraken is taking a major step toward making crypto spending more practical in everyday life, teaming up with Mastercard to expand access to digital asset payments across the UK and Europe.
The partnership aims to let users spend their crypto at millions of merchants that already support Mastercard, turning digital currencies into a usable payment method at scale.
According to Kraken’s co-CEO David Ripley, the collaboration reflects growing demand from customers who want to use crypto for real-world purchases.
He says the move is part of a broader effort to ensure that cryptocurrencies remain relevant and functional in daily transactions—not just investment tools.
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This initiative builds on the momentum of Kraken Pay, a feature introduced within the exchange’s app that enables fast, cross-border payments in hundreds of fiat and digital currencies. In just three months, over 200,000 users have activated their personal Kraktag ID to send and receive funds using the service.
As the next phase of the rollout, Kraken is preparing to launch both physical and digital debit cards. Interested users can now join a waiting list as the company works to bring seamless crypto payments to a global network of over 150 million Mastercard merchants.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
