The cryptocurrency exchange Kraken has joined forces with Mastercard, enabling users in the UK and Europe to use their digital assets to shop at over 150 million merchants globally, as highlighted by Mastercard.

Key Details

• Kraken will roll out physical and digital debit cards, allowing transactions with cryptocurrencies and stablecoins.
• This move aligns with Kraken Pay, which started earlier this year, facilitating cross-border transactions in over 300 currencies.

Over 200,000 clients have already activated their unique identifier, “Kraktag,” linked to their Kraken wallets, simplifying the usage of the Kraken Pay services.

David Ripley, Kraken’s co-CEO, emphasized the goal of bridging the gap between the cryptocurrency sector and traditional commerce. “Our customers seek seamless ways to purchase real-world goods and services via crypto or stablecoins,” said Ripley.

Debit cards are anticipated to be available in the upcoming weeks.