In brief
- Crypto exchange has debuted a new payments app.
- Users can send crypto and fiat currencies to over 110 countries.
- The product is the San Francisco, California company’s latest move into traditional financial products.
Crypto exchange Kraken has debuted a peer-to-peer payments app to compete with the likes of CashApp and Vemno.
The San Francisco, California-based company released Krak on Thursday, allowing users to send and receive payments in more than 300 currencies—including crypto—to over 110 countries.
Kraken’s main platform allows users to buy, sell and bet on the future price of hundreds of digital coins and tokens.
Kraken co-CEO Arjun Sethi said that the app was built to compete with a financial system “stuck in…
Jun 27 2025
