Krak Card launches in the United States on the Visa network

Payward's Krak app has brought its multi-asset debit card to US residents, issued by Lead Bank and processed over Visa. Balances in more than 600 currencies and crypto assets can be spent at checkout. What changed Krak, the consumer payments app built by Payward (the company behind Kraken), has opened its debit card to eligible US residents roughly nine months after launching the card in the UK and the European Economic Area. The card is issued by Lead Bank under licence from Visa U.S.A. and uses Stripe for the underlying issuing technology, so it presents to merchants as an ordinary Visa debit transaction. Cardholders can hold balances across more than 600 currencies and crypto assets, set the order in which those balances are drawn at checkout, and split a single transaction across several of them, with the selected holdings converted to dollars at the point of purchase. The card carries no monthly or annual fee and pays up to 2% cashback in either US dollars or bitcoin, credited after a transaction settles. Virtual cards can be added to Apple Pay or Google Pay before the physical card arrives. Krak reports more than 125,000 cardholders in the UK and Europe since the November 2025 launch. Balances are not FDIC- or SIPC-insured and the card is not available in every state.