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Financemagnates

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Kraken Now Offers Global Money Transfers via New Finance App

  • Kraken has launched a new global finance app called Krak for instant cross-border money transfers using over 300 assets.
  • Users can send money without bank account details, using crypto, stablecoins, and fiat currencies in over 110 countries.
  • Krak also provides users with yield opportunities, allowing them to earn up to 4.1% on USDG and up to 10% on 20 other digital assets.
  • The launch of Krak reflects Kraken's expansion beyond trading to compete with traditional financial institutions amid evolving regulatory conditions.

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