Kraken just launched its own crypto card.
15 years in the game.
$2T in volume last year.
Now they’re at the checkout.
What you actually get:
Free World Elite Mastercard, virtual + physical
Up to 2% back in BTC or cash, uncapped
2% flat for everyone in the first 30 days
0% FX, 600+ currencies and assets to spend
Top up with SEPA, SWIFT, PayPal, Apple/Google Pay, even a credit card
Live in the UK + across the EEA
The strategy is clean:
Kraken Card for the crypto crowd.
@krak for everyday folks.
One @krakenfx account behind both.
Crypto cards just crossed ~$900M a month,
and more than half of all card spend ever happened in the last 8 months.
Names this big don’t move on vibes.
They move when the numbers are undeniable.
Open USD is the clearest sign yet that stablecoins are becoming real infrastructure
Not a side bet.
Not a crypto experiment.
A shared rail for global money movement.
. businesses can mint and redeem at scale
. partners share the economics
. governance is designed for the network
. 140+ businesses already signed on
This is where the market is going:
from single-issuer stablecoins
to open, coordinated money rails
That’s the shift.
#Stablecoins #Crypto #Payments
GTA VI, but with crypto cards
Two crypto neobanks are literally bidding for your preorder.
. Plasma One: 10% back in plasma:native , capped at $100.
. EtherFi: 20% off for new users, or invite 1 friend who activates a card, valid for 48h.
That’s a real signal.
This is not just “cashback marketing.”
It shows where the category is heading:
. user acquisition through spend incentives.
. cards as distribution.
. gaming as a high-frequency use case.
. neobanks competing on who subsidizes the most value.
My read:
the interesting part is not the discount itself
it’s that crypto cards are starting to behave like consumer growth engines
not payment tools
Who goes higher?
@Plasma One vs @useTria vs @KASTxyz
Three cards, three very different product bets.
. Plasma One looks like the most aggressive value play
. Tria is the clearest on pricing and tiers
. KAST is the most premium, but also the most expensive
What stands out:
. Plasma One: Lite is $0, Core is $120/yr, or 20,000 plasma:native , Platinum needs 100,000 XPL lock
. Tria: Virtual $25, Signature $109, Premium $220/yr
. KAST: Standard $0, Premium $1,000/yr, Private $10,000/yr
On rewards:
. Plasma One goes up to 4% cashback on Platinum
. Tria offers 1.5% / 4.5% / 6% flat tiers
. KAST gives 1.5% / 2% / 3% USD*
On utility:
. Plasma One adds AI cashback on higher tiers
. Tria includes airline cashback and global eSIM
. KAST feels more focused on premium positioning and lounge access
My read:
this is not just a card war
it’s a battle between:
. mass-market incentive design
. simple tiered fintech
. high-end crypto lifestyle product
The real winner will not be the one with the best card on paper.
It will be the one that makes people actually keep using it.
what matters more to you:
cashback, FX, or premium perks?