Kraken partners with Mastercard to launch cashback debit card

Odaily Planet Daily reports that Kraken has announced the launch of its Krak app as a Mastercard debit card in the UK and Europe, supporting real-time payments across multiple assets. It has also launched "Vaults," a platform connecting to DeFi protocols, and a direct salary deposit feature supporting IBANs. Kraken emphasizes that Krak is not a bank and does not offer FSCS or FDIC insurance, but promises 1:1 fiat currency custody and leverages its licensed operations under the EU's MiCA regulatory framework to expand related services. (The Block)