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Kraken Launches KRAK App: A Global PayPal-Killer for Crypto and Fiat Payments

  • Kraken has launched the KRAK App, a peer-to-peer payments app allowing users to send and receive over 300 assets instantly, including local currencies and cryptocurrencies.
  • Key features of the KRAK App include instant 24/7 payments, global accessibility in 100+ countries, support for 300+ assets, free or low fees for transfers, and the ability to earn yield.
  • The app is built on Kraken's compliance infrastructure and offers both virtual and physical cards soon for spending. Users can earn $10 by completing their first transaction using a referral link.
  • KRAK represents Kraken's shift towards becoming a financial super app, providing a crypto-native way for global money movement in a world where crypto, fintech, and banking intersect.

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