Kraken Brings Multi-Asset Debit Card to US Market
Kraken has launched its multi-asset debit card, Krak Card, in the United States, about eight months after introducing the card in the United Kingdom and the European Economic Area (EEA), the company said in a Tuesday (Aug. 18) press release. The Krak Card allows customers to store money across more than 600 currencies and assets, including crypto […] The post Kraken Brings Multi-Asset Debit Card…
Kraken has introduced its multi-asset debit card, Krak Card, to the United States market, following its launch in the United Kingdom and the European Economic Area (EEA) in November. The Krak Card enables users to store money across over 600 currencies and assets, including cryptocurrencies, and spend them at any location accepting Visa worldwide.
The card converts users' assets into U.S. dollars in real-time during checkout, and customers can choose their preferred rewards, paid in either U.S. dollars or bitcoin. Kraken's Co-CEO, Arjun Sethi, highlighted the card's ability to turn users' holdings into spendable money and pay rewards back as cash, rather than points. With over 135,000 cards issued in the U.K. and EEA since December, the U.S. launch expands the Krak Card's availability to American customers.
Kraken plans to further develop its multi-asset card and customer rewards model in upcoming markets.
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