Kraken has joined forces with Mastercard to launch crypto-compatible debit cards in the UK and across Europe, allowing users to spend digital assets like Bitcoin and stablecoins at over 150 million Mastercard-supported merchants globally.
The offering will include both physical and digital card formats, bridging the gap between crypto wallets and real-world payments. The move comes as an extension of Kraken Pay, the exchange’s cross-border payment service introduced earlier this year, which supports over 300 crypto and fiat currencies.
This partnership signals a broader push to make cryptocurrencies usable in everyday life and reflects a growing trend of collaboration between major financial networks and digital asset platforms.
“Together, Kraken and Mastercard will enable the real-world use of digital assets at scale, allowing Kraken customers in the UK and Europe to spend their crypto assets at over 150 million merchants worldwide that accept Mastercard, through a range of innovative payment solutions,” the announcement stated.
Kraken Pay Expands as User Adoption Surges
Kraken’s crypto payment ecosystem continues to grow rapidly, with over 200,000 users already activating their personal “Kraktag” identifiers—unique wallet-linked tags that simplify transactions via Kraken Pay. The milestone highlights strong early adoption of the platform, which enables fast, borderless payments in more than 300 crypto and fiat currencies.
David Ripley, Kraken’s co-CEO, emphasized that the forthcoming debit card rollout is designed to meet real-world demand..
The new Mastercard-linked debit cards are expected to go live in the coming weeks, offering a seamless bridge between users’ Kraken wallets and millions of merchants across Europe and the UK.
“Mastercard is committed to driving innovation and expanding the possibilities of digital payments. Our partnership with Kraken is a concrete demonstration of this, as we work together to unlock the true potential of cryptoassets for everyday use,” said Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard.
“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.”
Quick Facts
- Kraken and Mastercard are launching crypto debit cards for users in the UK and Europe.
- The cards will enable spending of cryptocurrencies at over 150 million Mastercard-accepting merchants globally.
- This initiative builds upon Kraken Pay’s success in facilitating cross-border crypto and fiat payments.
