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Kraken Teams Up With Mastercard to Introduce Crypto Debit Cards
The partnership will see the crypto exchange introduce physical and digital debit cards users will be able to use to spend their cryptocurrency throughout the world.
What to know:
- Kraken is working with Mastercard to enable crypto holders in the U.K. and Europe to spend digital assets at over 150 million merchants worldwide.
- Kraken will introduce physical and digital debit cards for everyday transactions using crypto and stablecoins.
- The intitiative is part of Kraken Pay, a service that debuted earlier this year for cross-border payments in over 300 crypto and fiat currencies.
Crypto exchange Kraken is teaming up with Mastercard to let crypto holders in the UK and Europe 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 everyday transactions. It’s the latest development in Kraken Pay, a service that debuted earlier this year that enables cross-border payments in over 300 crypto and fiat currencies.
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More than 200,000 users have already activated their “Kraktag,” a unique identifier tied to their Kraken wallet, simplifying the use of Kraken Pay’s services, according to the press release.
David Ripley, Kraken’s co-CEO, said the initiative aims to close the gap between the crypto economy and traditional spending. “Our customers want to easily pay for real-world goods and services using their crypto or stablecoins,” Ripley said.
The debit cards are expected to be available in the coming weeks.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
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Cosa sapere:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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