The Stack Card earns 1.5% USD cashback on a Visa debit card with no annual fee, available in 35+ countries (MENA focus).
Stack is the consumer brand of Hawala Technologies, Inc. (Delaware File Number 10219604), a cross-border payments company founded in January 2025 by Omar Hamade that gives users USD and EUR account details, a Visa card, and remittance payouts, with balances held in dollar stablecoins. The company raised a $3 million seed round announced October 30, 2025, led by Pharsalus Capital with Alumni Ventures, alongside angels including Naguib Sawiris, Hany Rashwan (21.co), Arnold Lee (Sphere Labs), and Carl Lin (Solana). It targets emerging markets across MENA, with Egypt as its priority launch market.
The Stack Card is a crypto debit card offered by Stack, available in 35+ countries (MENA focus). It offers 1.5% USD cashback rewards on purchases. There is no annual fee to hold this card.
Note that the card is virtual only. It runs on the Visa network and requires full identity verification.
New to crypto cards? Read our complete buyer's guide to understand fees, rewards, and how to choose. Concerned about privacy? See our KYC vs non-KYC comparison. Browse all our regional card guides. See where it ranks among the best crypto debit cards.
| Tier | Rate | Requirement |
|---|---|---|
| Standard | 1.5% | Flat 1.5% cash back in dollars on every eligible purchase, no tiers and no monthly fee (stack.one/card, read 2026-10-11) |
Stack advertises 'real' US dollar and euro account details in the user's own name, described on its Egypt guide as usable for ACH, wire, and SEPA payments from clients and platforms such as Upwork and Fiverr, which confirms third-party inbound. The IBAN's issuing country is not published, and outbound SEPA to arbitrary third parties is not documented separately from the app's remittance payout rails.
Compare IBAN and transfer capability across cards in our crypto cards with IBAN guide.
On $500/mo spend, the estimated monthly cost breakdown for Stack Card is: gas $0.00, conversion spread $0.00, flat transaction fees $0.00, and amortised card/tier fee $0.00, for a total drag of 0% of spend. After $8.00/mo cashback that nets a gain of about $8.00/mo ($96.00/yr). Stack Card tops up from a centralized balance, so there is no on-chain gas cost regardless of how often you reload. Figures are conservative estimates and vary with conditions.
Note: Rebrand in progress: the same product is served as 'Stack' at stack.one and as 'Hawala' at usehawala.com, and stack.one's canonical tag still points to usehawala.com. Both app stores still list it as 'Hawala - Global USD Account' as of 2026-08-09, so app-store searches need the old name. Virtual card only today: Stack's own FAQ says the card 'lives in the app' via Apple Pay and Google Pay, with a physical card and ATM access 'coming soon', still described that way on both brands' card pages, so the Visa ATM access described in press coverage is not yet live. Balances are held as dollar stablecoins with what Stack calls regulated, audited partners, named on its Egypt comparison page as USDC, USDT, PYUSD, and EURC; the two brands disclose different amounts: stack.one's footer says only that cards and custody are 'provided by licensed partners', while the Hawala terms name Noah US, Inc. (NMLS #2696057) for the USD and EUR accounts and the Hawala card page states 'Cards are issued by Rain, a Visa Principal Member, pursuant to a license from Visa.' Stack's international card terms (stack.one/card-terms/international) define the Issuer as Third National, the same issuer named by other Rain-programme cards, so Third National is recorded as the bank. The same terms describe the card account as a secured account, with the linked wallet providing the collateral for card charges, and the US agreement is titled a Cardholder Agreement for a set line of credit. Funding is fiat-rails only in all public documentation (ACH, wire, SEPA into USD/EUR account details): no crypto deposit or withdrawal is documented, so the stablecoin layer is backing rather than a user-facing crypto feature. Country coverage is inconsistent across the company's own sources: Google Play says Egypt, Saudi Arabia, UAE, US, UK, Europe and 35+ countries, the App Store says Indonesia, Saudi Arabia, Philippines, Egypt, Kenya and 100+ more, and its funding announcement claims users in more than 200 countries; the conservative 35+ figure is recorded here. REWARDS (2026-10-11): stack.one/card advertises a flat 1.5% cash back in dollars on every eligible purchase with no monthly fees, and the membership page that published the Standard 1%, Gold 2% and Platinum 3% ladder (usehawala.com/membership, also stack.one/membership) now returns 404, so the flat rate is recorded and the paid tiers are dropped. The international card terms list a foreign exchange fee of up to 3% on non-USD purchases plus a cross-border fee of up to 3%, while the US terms list a 1% international transaction fee; no ATM fee is published, and Stack states 'no hidden charges on dollar spending'. Rewards pay out as points at 100 points to $1. The operative property is usehawala.com, which holds the legal pages, newsroom and Arabic localisation; stack.one is a thinner marketing shell.
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The Stack Card is a crypto debit card offered by Stack. It is available in 35+ countries (MENA focus) and allows users to spend cryptocurrency at merchants worldwide.
The Stack Card offers 1.5% USD cashback.
The Stack Card has an annual fee of $0. Additional fees: Conversion fee: 0% on USD spending; FX fee: Up to 3% FX fee on non-USD plus up to 3% cross-border fee (international card terms); 1% international transaction fee on the US card.
Top-up methods include Bank transfer (ACH, wire, SEPA) into USD/EUR account details.
Yes. The Stack Card requires full identity verification (KYC): expect to submit a government-issued ID, and often proof of address, before the card is issued.
The Stack Card is available in 35+ countries (MENA focus).
The Stack Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Yes, the Stack Card supports Apple Pay and Google Pay for contactless payments.
The Stack Card is issued by Third National.
Yes, the Stack platform provides a personal IBAN in the user's name. Capabilities: receiving third-party transfers: yes. Stack advertises 'real' US dollar and euro account details in the user's own name, described on its Egypt guide as usable for ACH, wire, and SEPA payments from clients and platforms such as Upwork and Fiverr, which confirms third-party inbound. The IBAN's issuing country is not published, and outbound SEPA to arbitrary third parties is not documented separately from the app's remittance payout rails.
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