Core Insights - Kraken is launching a Bitcoin rewards debit card, the Krak Card, for users in the EU and UK, offering 1% cash back on purchases in Bitcoin or local fiat currency [1][5] - The card connects to the Krak app, allowing users to spend from a balance of over 400 supported assets at Mastercard-accepting merchants [2][3] - Users can set a spend order for transactions, enabling the use of multiple cryptocurrencies to complete purchases if one asset is insufficient [4][3] Product Features - The Krak Card has no monthly or annual fees, but a spread fee applies when assets are sold to complete transactions [4] - The card is expected to expand to additional regions and introduce more features, including enhanced rewards and credit products [5] - The Krak App, launched in June, has been downloaded over 450,000 times in 130+ countries, positioning itself against competitors like Venmo and Cash App [6] Market Context - Kraken's launch follows a trend in the industry, with competitors like Coinbase and Gemini offering Bitcoin rewards products, including credit cards with cash back rates up to 4% [7] - The company recently filed an S-1 form for a public offering after raising $800 million, valuing it at $20 billion [6]

Promotion Details - Williams Racing is running a promotion requiring participants to request $500 USDG from @KrakMexico using the @Krak App [1] - Participants need to include a payment note detailing the purpose of the funds (sending, spending, or saving) [1] - Williams Racing might accept the requests [1]

Product Launch - Kraken Exchange launched Krak, a crypto-enabled payments app for instant sending, digital rewards, and full flexibility [1] - Krak allows users to send over 300 digital assets instantly [1][2] Target Audience & Geographic Reach - The app targets retail users and aims to bring them into the crypto payments game [1] - Krak enables users in 110 countries to send digital assets [1] Key Features - Krak facilitates free and instant sending of digital assets [1]

Kraken Exchange is cooking up something addictive, designed to bring retail into the crypto payments game – the @Krak App.Krak is a global money app built for instant sending, digital rewards, and full flexibility. With Krak, users can send over 300 digital assets in seconds and free of charge to residents of 110 countries.Here’s everything you need to know about Krak. 👇~~ Article by @JackInabinet ~~According to Kraken, this payments app is designed to fix the outdated norms of legacy finance by blending cr ...