US EditionCrypto exchange Kraken debuts peer-to-peer payments app Krak
- Cryptocurrency exchange Kraken unveiled a peer-to-peer payments app called Krak on Thursday, enabling individuals in 110 countries to transfer money globally using more than 300 different assets, including both cryptocurrencies and traditional fiat currencies.
- Kraken developed Krak to expand beyond digital asset trading and address customers' demand for more versatile financial services, leveraging over 10 years building a system for cross-border money transmitter licenses.
- The Krak app provides dedicated spend and earnings accounts that offer yields reaching up to 10% across a variety of digital assets, and enables instant transfers without requiring bank information or wallet addresses, positioning it as a competitor to apps like Cash App and Venmo.
- Kraken's revenue reached $1.5 billion in 2024 amidst a booming crypto market, with co-CEO Arjun Sethi highlighting that traditional financial systems are outdated and stressing the importance of making fundamental financial services accessible to everyone.
- This launch signals Kraken's strategic shift to broaden its financial services ahead of a potential IPO depending on regulatory clarity, and plans include future products like physical cards and pay-in-advance loans through Krak.
19 Articles
19 Articles
Crypto exchange Kraken debuts Krak, an all-in-one global money app
WASHINGTON - Cryptocurrency exchange Kraken on Thursday launched a peer-to-peer payments app that enables users to send and receive funds - in both cryptocurrency and fiat currency - across more than a hundred countries.
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ZawyaCrypto exchange Kraken debuts peer-to-peer payments app Krak
Crypto exchange Kraken on Thursday launched a peer-to-peer payments app that enables users to send and receive funds - in both cryptocurrency and fiat currency - across more than a hundred countries.The move is a bid to expand Kraken's offerings beyond its digital asset trading business, and puts the firm in
While it has just obtained a MiCA license in Europe, the Kraken crypto exchange has just unveiled its new payment application... L的article The Kraken crypto exchange has unveiled its new Krak payment application has appeared first on TipsCrypto.com.
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Crypto exchange Kraken debuts peer-to-peer payments app Krak From Reuters: Crypto exchange Kraken on Thursday launched a peer-to-peer payments app that enables users to send and receive funds - in both cryptocurrency and fiat currency - across more than a hundred countries. The move is a bid to ... Article link
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