Kraken, one of the oldest cryptocurrency exchanges in the world, has just shown traditional banks what a modern payment system should look like. The Krak Card introduced to the European market is more than just another plastic card – it is a gateway to a world where the boundaries between cryptocurrencies and fiat currencies simply cease to exist. And all this is to the benefit of the user.
Multi-asset on steroids – Krak Card from the Kraken exchange!
We forget about tedious currency conversion and waiting for transfers. Krak Card, operating in the Mastercard network, allows you to pay with over 400 assets – both crypto and traditional currencies. Imagine this situation: you pay PLN 400 for purchases, of which PLN 300 comes from your cash account and the remaining PLN 100 from Bitcoin, Ethereum or Solana. The conversion occurs immediately during the transaction, and you decide which assets to use first.
No currency conversion fees, no monthly fees. But you get 1% cashback on each purchase – to choose from in local currency or BTC. Mark Greenberg, Global Head of Consumer at Kraken, puts it simply:
Everything can act as money. We should be able to use any of our assets for everyday payments
Vaults, i.e. passive income in practice
In addition, there is the possibility of paying remuneration directly to the Krak account, which encloses the entire financial ecosystem in one application. You get paid, grow your fortune and spend your money, all without leaving the platform.
European expansion in earnest
