Kraken has launched a new Bitcoin Rewards Debit Mastercard, expanding its consumer product offering. The launch comes as the exchange continues to prepare for a planned Initial Public Offering (IPO). The card is designed to integrate crypto usage into daily spending, allowing users to earn rewards. It links directly to Kraken's peer-to-peer payments application, 'Krak', facilitating a bridge between traditional finance and cryptocurrency utility. This move aims to compete with other crypto-native cards by leveraging Kraken's existing user base and payment infrastructure. [Update 1] New sources have confirmed the launch of the Mastercard, specifically highlighting its integration with the 'Krak' payments app as a key feature to incentivize crypto-based spending.