Kraken Brings Multi-Asset Debit Cards to US Market
Kraken has launched its multi-asset debit card, Krak Card, in the United States. The launch follows the company's introduction of the card in the UK and the European Economic Area (EEA) eight months ago.
The Krak Card allows customers to store money across more than 600 currencies and assets, including crypto assets. It can be used anywhere Visa is accepted worldwide.
At checkout, the card converts assets into US dollars in real time to settle the purchase. Customers set their own priority order for spending, deciding which assets are prioritized and which ones are off-limits.
The card's cashback rewards rates are tiered, based on the value of assets the customer holds. The cashback is paid out as money delivered to the customer's account in their choice of US dollars or Bitcoin.