Kraken Launches Krak Debit Card in the US With Up to 2% Cashback in Cash or Bitcoin

TLDR

• Kraken’s Krak app has launched a multi-asset debit card in the US offering up to 2% cashback in dollars or Bitcoin
• The card supports over 600 currencies and assets, converting holdings to US dollars at point of sale
• Users can spend from multiple balances in one transaction and set the order assets are drawn from
• The card is issued by Lead Bank on Visa’s network and powered by Stripe Issuing
• Kraken parent Payward is pushing into broader financial services, including banking, tokenization, and stock trading

Kraken’s consumer money app, Krak, has launched a debit card in the United States. The card lets customers earn up to 2% cashback paid in dollars or Bitcoin, and spend directly from more than 600 currencies and crypto assets.

Kraken is launching Krak Cards in the US, powered by Stripe Issuing. Spend crypto anywhere Visa is accepted. https://t.co/X4yAo0PdrP

- Stripe (@stripe) August 18, 2026

The cashback rate scales based on the total value of assets a customer holds across Krak, Kraken, and Kraken Pro. Rewards are paid as real money, not points.

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