Kraken rolls out Mastercard crypto debit card in UK and Europe

Kraken launched a Mastercard debit card in the UK and Europe, expanding its consumer payments offering and making it easier for users to spend crypto and cash balances in everyday transactions. The card supports more than 600 balances, converts funds near real time, and offers up to 2% cashback paid in Bitcoin, euros, or pounds, with no transaction or ATM fees. The rollout starts in the UK and EEA, with more markets planned soon. The move strengthens Kraken’s push toward a broader “holistic financial offering” and comes alongside a $600 million acquisition of Reap Technologies to deepen stablecoin payments infrastructure. Market impact is mainly positive for crypto adoption and payments competition, but the article is more about product expansion than direct price action for BTC.