Kraken Partners With Mastercard to Launch Crypto Debit Cards in Europe and the UK
Kraken, one of the world’s leading cryptocurrency exchanges, has announced a partnership with Mastercard to launch crypto debit cards in the United Kingdom and across Europe. The move marks a significant step toward mainstream adoption of digital assets as real-world payment instruments.The new Kraken Mastercard debit card will allow users to spend cryptocurrencies and stablecoins directly, bringing enhanced convenience and usability to Kraken’s growing customer base. Rollout of the card is expected in the coming weeks, with a waitlist already open to users.
This development comes as Kraken actively pursues regulatory approval under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework, signaling its intent to operate in full compliance with upcoming crypto laws.
Building on Kraken Pay’s Momentum
The card launch builds on the rapid expansion of Kraken Pay, a payment service introduced in January 2025. Kraken Pay supports transfers in over 300 crypto assets across borders and includes features like “paylink,” enabling crypto payments via shareable URLs.
Since its debut, more than 200,000 users have activated Kraktag, a secure identifier for receiving funds without sharing banking details.
Mastercard’s Continued Commitment to Crypto
Mastercard, which has actively explored the crypto ecosystem through partnerships with platforms like MetaMask and Mercuryo, reaffirmed its commitment to supporting digital asset infrastructure.
“Partnering with Mastercard is a major step toward us bringing the vision of crypto’s everyday utility to life,” said Kraken co-CEO David Ripley. “Together, we will unlock crypto’s true potential for global commerce.”
Scott Abrahams, EVP of global partnerships at Mastercard, added, “Our latest partnership with Kraken is a testament to our drive for innovation in digital payments.”
As global interest in crypto payments grows, this collaboration underscores the increasing overlap between traditional finance and decentralized technology.
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