Mastercard Teams Up with Kraken to Launch Cryptocurrency Payment Service in Europe
Kraken, a US-based crypto exchange, has struck a partnership with Mastercard to revolutionize the way people in the UK and Europe use cryptocurrencies for everyday transactions. Here's the lowdown:
- Elevating Payments:Kraken's customers in the region can now spend their digital assets at over 150 million merchants globally who accept Mastercard, bridging the gap between the crypto economy and traditional commerce.
- Expanding Reach:The collaboration helps Kraken access nearly 90 million merchants, particularly in the UK and Europe.
- Supercharging Kraken Pay:Kraken Pay, a feature that already supports more than 300 cryptocurrencies and fiat currencies, is set to become even more powerful thanks to this partnership.
- Introducing Debit Cards:In the coming weeks, both physical and digital debit cards will be launched to further blend crypto into our spending habits.
- Regulatory Compliance:This partnership aligns with the need for regulated digital asset services, lending greater legitimacy to both Mastercard's foray into the crypto space and Kraken as a regulated exchange.
All in all, this collaboration is a significant stride towards making cryptocurrencies a more practical choice for everyday transactions across the UK and Europe. So, buckle up for a world where crypto is a part of your daily spend! Don't forget to keep up with the latest by signing up for our email alerts. 📥💌
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💰$94,978.451.32%|$1,819.623.46%|$602.540.37%|$148.151.42%|$2.290.99%### Highlight
- Mastercard-Kraken Partnership To Boost Real-World Usability of Cryptocurrencies
- Kraken Expands Payment Service for Instant, Borderless Payments
- New Physical and Digital Debit Cards to be Introduced
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- The Mastercard-Kraken partnership is expected to boost the real-world usability of cryptocurrencies, enabling customers in the UK and Europe to spend their digital assets at over 150 million merchants globally.
- This collaboration will enable Kraken to access nearly 90 million merchants, particularly in the UK and Europe, expanding its reach.
- Kraken Pay, a feature that already supports more than 300 cryptocurrencies and fiat currencies, is expected to become even more powerful due to this partnership, supercharging its capabilities.
- In the coming weeks, both physical and digital debit cards will be launched, aiming to further blend cryptocurrencies into our spending habits.
- This partnership aligns with the need for regulated digital asset services, lending greater legitimacy to both Mastercard's foray into the crypto space and Kraken as a regulated exchange.
- The cryptocurrency industry is constantly evolving, with projects like Common, Falcon Finance, Solstice Labs, Ika, BYDFi, and BTSE Enterprise Solutions making significant strides in the field, offering new opportunities for investing and business in technology and finance.
