The US -based crypto asset exchange Kraken and Mastercard, a global financial institution, established a partnership to increase the use of crypto payments in the United Kingdom and European market. Thanks to cooperation, millions of users will have the opportunity to use crypto assets in real goods and service payments.
Mastercard and Kraken
The joint work of both institutions aims to allow users to use crypto currencies in daily life. With this cooperation built on the success of Kraken Pay, Kraken, which facilitates crypto payments, aims to provide a wider usage area in transactions beyond boundaries. Users are expected to carry out transactions through more than 300 crypto assets with local currencies.
Crypto Money Card
Within the scope of the partnership, physical and digital bank cards are planned to be introduced in a short time. Following the operations carried out on Kraken Pay, it is aimed to make users pay their payments more practically with the card system. Interested users will be directed to the registration application in order to be included in the promotional process.
David Ripley, Crane CEO; “We want our customers to easily use crypto money or stablecoins in real goods and service payments. This partnership with Mastercard is an important step to implement this vision. Together, we are working to ensure the integration of crypto beings into daily life and to reveal their long -term benefit.”
Following the launch of Kraken Pay, more than 200,000 users within 90 days through the application took advantage of the advantages offered by the system.
The bank cards to be released in the near future will allow users to use their crypto assets directly for payments. While the cards are planned to be offered in both physical and digital formats, this can pave the way for the emergence of new forms of application in the financial ecosystem.
The partnership aims to increase the flexibility of financial transactions by integrating users’ digital assets with a wider payment network. The cooperation contains the potential to pave the way for technological integration and innovative payment solutions. This development can contribute to the creation of alternative payment options for consumers looking for diversity in the financial sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
