Kraken Rolls Out US Debit Card with Up to 2% Crypto Rewards
Kraken has launched its new US debit card, allowing customers to earn up to 2% cashback rewards in Bitcoin or US dollars. The card, available through the Krak app, supports transactions using over 600 cryptocurrencies and fiat currencies, which are automatically converted to USD at checkout.
The card is issued by Lead Bank via Visa and Stripe, targeting consumers who want rewards without credit card debt. Kraken aims to expand its financial services, including banking and equity trading, leveraging its recent Federal Reserve master account and Wyoming banking charter.