Cryptocurrency platform Kraken has partnered with Mastercard to enable Kraken customers in the UK and Europe to spend crypto assets at more than 150 million Mastercard-accepting merchants.
Kraken's co-CEO David Ripley stated that the partnership is a major step towards a future where global commerce and everyday payments are powered by crypto assets.
The collaboration follows the launch of Kraken Pay, which allows instant, borderless payments with over 300 cryptocurrencies and fiat currencies. Kraken will introduce physical and digital debit cards in the near future.
Previously, the Securities and Exchange Commission (SEC) dismissed its lawsuit against Kraken over allegations of running an unregistered securities exchange. Kraken attributed the dismissal to a change in leadership at the SEC and White House, stating the lawsuit was without merit.