Kraken launches Kraken Card with Mastercard, enabling crypto and fiat spending with up to 2% BTC or cash cashback across 600+ currencies.
Ecosystem ·
Kraken has launched the Kraken Card in partnership with Mastercard, enabling users to spend both cryptocurrency and fiat currency while earning up to 2% cashback in Bitcoin or cash across 600+ currencies. The card integrates with Mastercard's network, which operates across more than 210 countries and territories and has been expanding its blockchain infrastructure to support stablecoin settlement and crypto-native payments.
The partnership reflects Mastercard's broader shift toward crypto rails and programmable settlement. The card network has moved to enable 24/7 stablecoin-based transaction clearing across multiple blockchains—including Ethereum, Solana, and others—replacing traditional batch settlement that runs only during business hours. This infrastructure also now supports AI agent payments through integrations like Crossmint's Lobster.cash, which allow autonomous systems to complete purchases with spending limits and approval workflows.
What remains unclear is the rollout timeline, eligibility criteria, and whether the Kraken Card will initially launch in all 600+ supported currencies or expand progressively. The mechanics of how Bitcoin cashback rewards are funded and stored, as well as any minimum spending thresholds or geographic restrictions, have not been detailed.