Cryptocurrency platform Kraken has partnered with Mastercard to enhance payments. This collaboration allows Kraken customers in the UK and Europe to spend crypto assets at over 150 million merchants accepting Mastercard, as announced on April 8.
Crypto is transforming the payments industry, and we envision a future where global commerce and everyday payments are powered by crypto assets,” Kraken co-CEO David Ripley said in the news release. “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. Together, we will unlock the full potential of crypto assets in everyday life, ensuring their long-term relevance and utility.”
This partnership follows Kraken Pay’s launch in January, which facilitates instant, borderless payments in over 300 cryptocurrencies and fiat currencies. More than 200,000 Kraken customers are using the service.
