Crypto Exchange Kraken joins Mastercard to leave crypto holders in the United Kingdom and Europe would spend their digital assets at more than 150 million merchants worldwide, Mastercard announced.
Kraken will offer physical and digital debit cards, allowing customers to use crypto and stablecoins in daily transactions. This is the latest development of Kraken Pay, a service that made its debut earlier this year which allows cross -border payments in more than 300 cryptographic and fiduciary currencies.
More than 200,000 users have already activated their “kraktag”, a unique identifier linked to their Kraken portfolio, simplifying the use of Kraken Pay services, according to the press release.
David Ripley, the Kraken CO-PDG, said the initiative aims to fill the gap between the cryptographic economy and traditional spending. “Our customers want to easily pay for real world goods and services using their crypto or their stablecoins,” said Ripley.
Debit cards should be available in the coming weeks.
