Kraken, a US-based crypto exchange, is launching the Krak Card in the US on August 18.

The debit card offers up to 2% in cash or bitcoin rewards, with the rate based on the assets a customer holds.

Users can spend from more than 600 currencies and crypto assets, which the card automatically converts into US dollars at checkout.

The launch pushes Kraken further into consumer finance and into closer competition with apps including Block’s Cash App, PayPal’s Venmo, SoFi, Robinhood, and Chime.

The card is issued through a partner bank.

🔗 Source: CNBC

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