Kraken, one of the world’s longest-standing crypto platforms, has announced the phased rollout of the Krak Card, offering 1% cash back on all purchases, along with new features including salary deposits and expanded wealth-building options.
The Krak Card will first be available to users in the UK and EU, with additional markets to follow.
Offered in physical and virtual formats, the card allows instant spending using multiple balances with no foreign exchange or monthly fees.
Cash back can be received in local currency or Bitcoin.
Powered by Mastercard, the card supports over 400 crypto and fiat assets within the Krak app, enabling real-time conversion at checkout.
Users can select which assets to spend first and exclude certain holdings.
“To us, everything is money. You should be able to use whatever assets you hold to pay for everyday goods and services in the digital era we live in,”
said Mark Greenberg, Global Head of Consumer at Kraken.
Krak is also introducing Vaults, a feature that integrates with audited lending protocols to provide potential returns of over 10% APY, allowing users to convert idle assets into earnings while tailoring strategies to individual risk profiles.
Salary deposits for UK and EU customers will link income directly to the Krak ecosystem, with expansion planned for other markets.
The card launch aligns with Kraken’s European growth strategy and regulatory framework, including its Markets in Crypto-Assets Regulation (MiCAR) license, authorized by the Central Bank of Ireland.
Kraken has operated in the UK since 2013 and holds FCA registration.
Featured image credit: Kraken
The post Kraken Launches Krak Card with 1% Cashback in UK and EU appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.
Full story here Are you the author?
You Might Also Like
Binance Introduces QR Code Crypto Payments in Argentina
2025-11-03
Binance has introduced a new QR code payment feature in Argentina, enabling users to pay for products and services using cryptocurrencies directly from the Binance app at merchants that accept QR payments.
Transactions are processed instantly, securely, and without fees.
Andrés Ondarra, Binance General Manager for Argentina and the Southern Cone, described the launch as “a leap toward true financial freedom,” adding that it provides “speed, security, and flexibility to use your digital assets at any merchant, without fees or complications.
It is the simplest and most practical way to integrate cryptocurrencies into everyday life.”
To make a payment, users scan a merchant’s QR code with the Binance app, select a cryptocurrency, and confirm the transaction.
Binance automatically converts the
Thredd Extends Partnership with Bybit for Global Crypto Card Expansion
2025-10-31
Thredd has announced an expanded partnership with Bybit, the world’s second-largest cryptocurrency exchange by trading volume.
The collaboration supports the regional expansion of the Bybit Card, a multi-currency, crypto-linked payment card designed to connect digital assets with everyday transactions across key markets.
Thredd’s processing platform enables Bybit to scale operations and address regulatory requirements across regions through a single integration.
The platform allows market-specific programme configurations that meet local compliance needs while maintaining central oversight.
This setup has allowed Bybit to expand across several markets, with further growth planned.
More than two million users currently use the Bybit Card for features such as cardholder rewards and
Crypto Crime Surges in 2025, Set to Break Records
2025-08-14
Cryptocurrency crime is surging in 2025, with total crypto losses for the first half of the year already exceeding the 2023 total and on track to set a new record, according to a new report by American blockchain analysis firm Chainalysis.
This surge is being driven by thefts from cryptocurrency services, and personal wallet compromises.
Total crypto losses reached approximately US$2.8 billion in H1 2025, 12% higher than the 2023 total of about US$2.5 billion and equivalent to roughly 88% of 2023’s US$3.3 billion. At the current pace, losses could surpass US$4 billion by year-end, exceeding the previous record set in 2022.
Total crypto losses, Source: Chainalysis, Jul 2025
Crypto services as prime targets
This year, cryptocurrency services continue to bear the brunt of thefts, with over
BX Digital Participates in Swiss National Bank’s Project Helvetia
2025-07-03
BX Digital, a Zurich-based firm, is participating in Project Helvetia, a Swiss National Bank (SNB) initiative focused on the settlement of tokenised assets using real-time gross settlement (RTGS) infrastructure.
The project is designed to support knowledge exchange and practical learning through the use of the Swiss Interbank Clearing System (SIC-System) for payment processing.
Through its involvement, BX Digital contributes its technical expertise in trading and settlement processes.
The company emphasises its interest in supporting the digital development of Switzerland’s financial system and enhancing its understanding of tokenised finance mechanisms.
Lidia Kurt
“We appreciate the trust placed in us by the Swiss National Bank through our participation in Project Helvetia,”
said Lidia
Crypto Adoption on the Rise, Driven by Europe, Younger Demographics
2025-06-13
Cryptocurrency adoption has increased remarkably over the past year, driven by European customers, and younger generations. according to a new survey commissioned by Gemini. Positive developments, including the launch of US cryptocurrency exchange-traded funds (ETFs) and pro-crypto policies from the Trump administration, have also contributed to rising confidence and interest in digital assets, the study found.
Conducted in H1 2025, the research polled more than 7,200 consumers in the US, the UK, France, Italy, Singapore, and Australia. It sought to assess the level of awareness of cryptocurrencies, motivations for owning and trading cryptocurrencies, general attitudes towards cryptocurrencies, and opinions on recent industry developments.
Europe leads in crypto ownership growth
The survey
Tags: Blockchain,Featured,newsletter,payments
