Cryptocurrency platform Kraken launched a payments focused on payments with MasterCard.
Collaboration will allow Kraken customers in the United Kingdom and Europe to spend cryptographic assets at more than 150 million merchants who accept Mastercard, according to a Tuesday April 8) press release.
“The crypto transforms the payment industry, and we are considering a future where global trade and daily payments are powered by cryptographic assets”, Kraken Co-PDG David Ripley said in the press release. “Our customers want to be able to easily pay real goods and services in the real world with their cryptocurrencies or stablescoins. Our partnership with Mastercard is a major step in carrying out this vision. Together, we will unlock the full potential of cryptographic assets in daily life, guaranteeing their long -term relevance and their usefulness. ”
The partnership follows the January launch of Kraken Paya functionality which allows Instant and borderless payments in more than 300 cryptocurrencies and fiduciary currencies, according to the press release. More than 200,000 Kraken customers use the service.
Via its partnership with Mastercard, Kraken will extend its payment offer with the launch of physical and digital debit cards in the weeks in front, “To fill the gap between the cryptographic economy and daily expenses,” the press release said.
Last month, the Commission of securities decided to fire It is trial against Kraken. The dry in 2023 had Responsible for Kraken for having directed an exchange of non -registered securities, a broker, a dealer and compensation agency, while accusing the company to deprive its investors protection. “”
Kraken attributed the transition to a change in leadership at the White House and the SEC and said that the prosecution was still baseless.
“Instead of engaging in this difficult but necessary work, leadership prior to the dry and throughout the government has taken a Regulatory approach by application This has smothered progress and disadvantaged the United States against other countries that favored innovation through regulatory diets of fair and transparent digital assets, “Kraken said on March 3.
Meanwhile, Pymnts wrote on Wednesday April 9 on the importance of safety protocols For cryptographic space in the middle of the rise of agents of artificial intelligence.
