Kraken Unveils Bitcoin Rewards Debit Card for UK and EU Users
- Kraken launches the Krak Card, a Mastercard-powered debit card offering Bitcoin rewards.
- The card is available to users in the UK and European Union, with plans for broader geographic expansion.
- Users earn a cash back of up to 1% on purchases, payable in Bitcoin or local fiat currency.
- The Krak Card connects to over 400 supported assets for global payments at merchants accepting Mastercard.
- No monthly or annual fees are applied, but a spread fee occurs when assets are sold for transactions.
Kraken’s new Krak Card lets users in the UK and EU earn Bitcoin rewards on everyday purchases, with support for over hundreds of assets globally through the Mastercard network. This launch comes as part of Kraken’s strategy to enhance its offerings ahead of a planned IPO and expand its user base by providing flexible payment solutions without monthly fees.
This strategic move positions Kraken alongside competitors like Coinbase and Gemini, who also offer Bitcoin reward cards with higher cash back rates of up to four percent. (Source )
