Cryptocurrency exchange Kraken has officially introduced the Krak Card, a Mastercard-branded debit card linked to its new “Krak Everyday” mobile app and account. The card enables users to spend both fiat cash and cryptocurrencies directly from a single balance at millions of merchants worldwide.

Currently available to verified Kraken users in the United Kingdom and the European Economic Area (EEA), the card supports spending in over 400 currencies – including major cryptocurrencies – wherever Mastercard is accepted, covering more than 110 million merchant locations and ATMs in 190 countries. Kraken says additional countries will be added in the coming months.

Key features include:

• Up to 1% instant cashback on every purchase, credited as soon as the transaction settles.
• No foreign-exchange fees, no transaction fees, and no annual fee.
• Multi-currency spending that automatically draws from the user’s preferred currency order, seamlessly combining balances when needed.
• Primary settlement currency of GBP for UK users and EUR for EEA residents.

The accompanying Krak app lets users manage cash and crypto balances, reorder currency priority, and track spending in real time.

Check out Krak: https://www.kraken.com/en-ca/krak/card