Kraken's Multi-Asset Debit Card Lands in US with Bitcoin Cashback
Kraken has launched its multi-asset debit card in the US, allowing customers to spend from over 600 supported currencies and assets. The Krak Card is a physical or virtual Visa debit card that lets users hold balances across fiat currencies and cryptoassets.
Purchases are automatically converted into US dollars at the point of sale, and customers can choose which assets are used first when making payments. The company said the card offers up to two percent cashback on eligible spending, with rewards paid in either US dollars or Bitcoin for users who choose that option.
The launch follows the rollout of the card across the UK and European Economic Area, where Krak has issued over 135,000 cards since December 2025. Arjun Sethi, co-chief executive of Payward, Kraken's parent company, said 'People have lost trust in how the financial system treats them... The Krak Card turns whatever people choose to hold into money they can spend anywhere, and pays the value back as cash, not points.'