Krak Introduces Multi-Asset Debit Card with Up to 2% Cashback for U.S. Customers

Krak, a global money app developed by the creators of Kraken, has launched its multi-asset debit card for U.S. customers. The Krak Card rewards everyday spending with up to 2% cashback paid in US dollars or Bitcoin, allowing users to store and spend over 600 currencies and assets.

The card is powered by Stripe and Visa, providing acceptance at millions of merchants worldwide. According to a national survey commissioned by Krak, nearly two-thirds (63%) of Americans feel financially behind, while 60% would switch to a debit card offering meaningful rewards without requiring debt.

Krak's Co-CEO Arjun Sethi stated, 'The old deal was simple: if you wanted rewards, you had to take on debt. That deal is over.' The Krak Card turns customers' entire portfolios into practical spending power, allowing them to store, spend, and grow value in various assets.

At checkout, the card instantly converts a predetermined list of assets into US dollars in real-time, enabling users to keep their wealth in any form they choose while spending anywhere Visa is accepted. The card also offers a single purchase feature, allowing customers to draw from multiple balances.