Cryptocurrency exchange Kraken has announced a partnership with Mastercard to issue crypto debit cards in the United Kingdom and Europe. The new cards will allow users to spend cryptocurrencies and stablecoins directly. Customers can now join a waitlist as the rollout is expected to begin in the coming weeks. This partnership aims to enhance Kraken's payment offerings and is part of the company's strategy to obtain a license under the European Union's regulatory framework. Moreover, it builds on the growth of Kraken Pay, a service that allows users to send over 300 crypto assets globally. Kraken co-CEO David Ripley emphasized that this development is a significant step toward allowing clients to use crypto for everyday transactions, underscoring a vision where global commerce is facilitated by cryptocurrencies. The update highlights the evolving role of crypto in the payments industry, aiming to ensure its long-term relevance and usability.

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