Kraken has launched its Krak Card in the United States, giving customers the ability to spend from more than 600 assets while earning up to 2% cashback in either US dollars or Bitcoin.
The Visa debit card, which launched on 18 August, is designed to bridge traditional payments and digital assets, allowing users to spend balances held across cryptocurrencies, stablecoins and fiat currencies through a single card.
According to Kraken, customers can choose the order in which their balances are used at checkout, enabling them to spend from assets including Bitcoin and USDC while keeping other holdings untouched.
The company says the card carries no monthly or annual fees and offers free methods for funding accounts.
Cashback is paid in either US dollars or Bitcoin once transactions have settled, providing an alternative to traditional points-based reward schemes.
