Crypto Exchange Kraken is associating with Mastercard to let cryptographic headlines in the United Kingdom and Europe spend their digital assets on more than 150 million merchants worldwide, Mastercard announced.
Kraken will offer physical and digital debit cards, which will allow customers to use crypto and stablecoins in daily transactions. It is the last development in Kraken Pay, a service that debuted earlier this year that 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 wallet, simplifying the use of Kraken Pay services, according to the press release.
David Ripley, Kraken’s co-zoo, said the initiative aims to close the gap between cryptographic economy and traditional spending. “Our customers want to pay real world goods and services easily using their cryptography or stablecoins,” Ripley said.
Debit cards are expected to be available in the coming weeks.
