Kraken's Krak App Debuts Visa Debit Card with Crypto Cashback in US
Krak, a payments application affiliated with cryptocurrency exchange Kraken, introduced a Visa debit card in the United States on Tuesday. The card offers cashback rewards and enables users to spend directly from their crypto holdings. By utilizing Visa's network, the card is positioned to compete for everyday consumer spending in the U.S. market. This launch marks an expansion of Kraken's services into traditional financial products, allowing cryptocurrency assets to be used for regular purchases. The card is available through the Krak app, which operates separately from the exchange platform itself.
Key facts
- Krak is a payments app affiliated with crypto exchange Kraken.
- Krak launched a Visa debit card in the United States.
- The launch occurred on Tuesday.
- The card offers cashback rewards.
- The card enables spending directly from crypto holdings.
- The card uses Visa's payment network.
- The product targets U.S. consumer wallets.
- The card is available through the Krak app.
Entities
Institutions
- Kraken
- Krak
- Visa
Locations
- United States
Sources
- Quartz —