Calling all crypto-heads! Last week, crypto exchange operator Kraken announced the Krak Card, a debit instrument that provides cashback in either traditional U.S. dollars or cryptocurrency.
This isn't the first crypto cashback plastic on the scene and, given the recent upswing in digital coinage, probably not the last. Here's a brief look at the card and this interesting new niche of the payment card market.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Kraken, which isn't publicly traded but has filed the regulatory documentation necessary for an IPO, announced the Krak Card last week. The cashback feature returns from 0% to 2% (depending on the user's total holdings across the Kraken network) on every purchase. It's affected by either greenbacks or Bitcoin (CRYPTO: BTC).
The company's timing was fortuitous. The day after it formally announced its product, Treasury Secretary Scott Bessent said the Treasury would, at a minimum, double its regular repurchases of relatively long-term government debt securities.
#last #cashback #treasury
This isn't the first crypto cashback plastic on the scene and, given the recent upswing in digital coinage, probably not the last. Here's a brief look at the card and this interesting new niche of the payment card market.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Kraken, which isn't publicly traded but has filed the regulatory documentation necessary for an IPO, announced the Krak Card last week. The cashback feature returns from 0% to 2% (depending on the user's total holdings across the Kraken network) on every purchase. It's affected by either greenbacks or Bitcoin (CRYPTO: BTC).
The company's timing was fortuitous. The day after it formally announced its product, Treasury Secretary Scott Bessent said the Treasury would, at a minimum, double its regular repurchases of relatively long-term government debt securities.
#last #cashback #treasury
2 months ago
