Crypto Exchange Kraken Unveils ‘Krak:’ Its New All-in-One Global Money App
Cryptocurrency exchange giant Kraken introduced a blockchain-powered global money app called Krak that allows users to instantly transact across borders for almost no cost, while also earning competitive rewards on their account balances.
Krak is designed to fix the outdated norms of legacy finance, Kraken said, blending crypto technology with the exchange’s trusted network of banking relationships and payment partnerships. The app will allow users to send funds peer-to-peer across 110 countries and using 300-plus assets, spanning cryptocurrencies, stablecoins and fiat currencies without inserting bank details or crypto wallet addresses, according to a press release.
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