Kraken, a veteran cryptocurrency platform with over 15 million global customers, has teamed up with Mastercard to shake up the payments landscape. This partnership aims to bring cryptocurrency into the mainstream, making it easier for people to use digital assets in their daily lives. Kraken’s users in the UK and Europe will be able to spend their cryptocurrencies at over 150 million merchants worldwide that accept Mastercard.
Transforming Crypto into Cash
The partnership builds on Kraken’s recent launch of Kraken Pay, a feature that lets users make instant, borderless payments in over 300 cryptocurrencies and traditional currencies. Within 90 days, more than 200,000 Kraken users activated their ‘Kraktag,’ sending money globally with ease. Kraken plans to expand its payment options further by introducing physical and digital Mastercard debit cards in the coming weeks.
- Kraken users will be able to spend cryptocurrencies at millions of merchants worldwide.
- The partnership aims to drive the adoption of cryptocurrencies in everyday life.
- Kraken Pay has already seen significant uptake, with over 200,000 users activating their Kraktag.
Kraken CEO David Ripley says cryptocurrencies are changing the payments industry. “We see a future where global commerce and daily payments are driven by cryptocurrencies.” Ripley adds that the partnership with Mastercard is a big step towards making that vision a reality.
Mastercard’s Executive Vice President of Global Partnerships, Scott Abrahams, comments, “Mastercard is committed to innovation and growing the possibilities of digital payments.” Abrahams notes that the collaboration with Kraken is proof of this commitment, aiming to unlock the true potential of digital assets for everyday use.
The partnership between Kraken and Mastercard is set to make a significant impact on the payments landscape, bringing cryptocurrency into the mainstream and making it easier for people to use digital assets in their daily lives.