Kraken, the 14-year-old crypto exchange, is launching a new Mastercard debit card for its UK and European users.
On Tuesday, the company announced that the Krak card will offer up to 1% cash back rewards, denominated in cash or Bitcoin, with no forex or monthly fees. Krak is the exchange’s mobile app.
The card’s launch comes as Kraken also expands Vaults, an in-app savings feature which lets users earn up to 10% yield on their holdings.
Kraken’s rollout is just the latest in a growing list of crypto companies that are moving beyond buying and selling digital assets.
“To us, everything is money,” Mark Greenberg, global head of consumer at Kraken, said in a statement shared with DL News. “You should be able to use whatever assets you hold to pay for everyday goods and services in the digital era we live in.”