Kraken has launched Krak, a no-fee, all-in-one global money app that allows users to spend, send, and save across over 300 fiat and digital assets, including Bitcoin.
The Krak app aims to merge the best of banking, payments, and crypto into a single user experience, redefining how people manage value in Bitcoin and beyond.
Users of Krak can send instant peer-to-peer payments to over 110 countries with personalized Kraktags, manage over 300 assets in one place, and earn rewards on balances without subscriptions or lockups.
Kraken's Krak app plans to introduce physical and virtual debit cards for spending at merchants, expand into lending and credit tools, and deepen its footprint in Euro-denominated Bitcoin markets across the 30 European Economic Area countries.