Kraken, one of the world’s largest crypto platforms, today launched the Kraken Card: a debit card that lets you pay directly with your crypto. Whether you’re checking out with euros or bitcoin, you’ll get 1% cashback on every purchase.
Pay with Crypto and Euros #
The Kraken Card, supported by Mastercard, works both in-store and online. Users can choose between a physical card or a digital version for their phone. A key feature of the card is the ability to combine multiple currencies in a single transaction. For example, for a €100 payment, you could choose to use €80 from your euro balance and €20 from your bitcoin. The conversion is done automatically with no extra fees or exchange rate markups.
More Control Over Your Money #
Users can customize which assets they want to spend and which they want to exclude, giving them full control over their funds. The Kraken Card is now available in the United Kingdom and the European Union, with a rollout to other countries planned soon.
For us, everything is money
said Mark Greenberg, Head of Consumer at Kraken. “Whether you’re buying groceries or on vacation – your value should be usable everywhere.”
Savings Feature and Salary Deposits #
The Kraken Card is more than just a payment method. Soon, users will be able to receive their salary directly into their Kraken account. Additionally, with the new Vaults feature, users can earn interest on their crypto. Through integrations with external DeFi platforms, the yield can reach up to 10% per year.
Big Plans in Europe #
With this move, Kraken aims to grow into a full-fledged alternative to traditional banks. The Kraken app has already been downloaded over 450,000 times, and the company holds an official EU license. With the Kraken Card, crypto becomes significantly more practical and attractive for everyday use.