LATEST: Kraken and Mastercard Team Up for Crypto Payments in Europe

Kraken, a leader in cryptocurrency services, has teamed up with Mastercard to revolutionize how its 15 million users engage with digital assets. This collaboration aligns with Kraken’s mission to merge traditional finance with crypto through secure and accessible payment options. Users across the UK and Europe can now leverage their crypto holdings at over 150 million Mastercard merchants worldwide, thanks to innovative payment solutions.

The launch of Kraken Pay has already demonstrated rapid success, with over 200,000 users adopting the “Kraktag” feature for instant, borderless payments in over 300 currencies. The partnership is set to enhance this momentum by introducing both physical and digital debit cards that will bridge everyday spending with the crypto economy.

David Ripley, Co-CEO of Kraken, and Scott Abrahams, Executive Vice President at Mastercard, emphasize their shared vision for a crypto-powered global commerce system. They assert that this partnership will dramatically increase the practical use of digital assets, ensuring their long-term relevance in everyday transactions and beyond.

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