(9 April 2025 – Europe) Kraken and Mastercard have announced a new partnership that will allow customers in the UK and Europe to use their cryptocurrencies and stablecoins at more than 150 million merchants worldwide.
As part of the collaboration, Kraken is launching both physical and digital debit cards. These will enable users to make everyday purchases using crypto, anywhere Mastercard is accepted.
David Ripley, co-CEO of Kraken, said: “Our customers want to be able to easily pay for real-world goods and services with their cryptocurrencies or stablecoins. Our partnership with Mastercard is a major step in realizing this vision.”
Scott Abrahams, EVP of global partnerships at Mastercard, added: “With a shared ambition to simplify, interoperate, and secure the digital asset ecosystem, we are proud to collaborate with Kraken and bring real value to their user base.”
This initiative builds on the recent launch of Kraken Pay, a platform that enables instant, cross-border payments in more than 300 cryptocurrencies and fiat currencies.