Kraken rolls out peer-to-peer payments app
Cryptocurrency exchange Kraken has launched Krak, a peer-to-peer (P2P) payments app, to enable cross-border fiat and crypto transfers.
The app allows users to manage over 300 fiat and digital assets and supports peer-to-peer payments across 110 countries.
It enables fund transfers using Kraktags, a personalised payment ID, removing the need for bank details or crypto wallet addresses.
Invest in Gold
Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase
Learn More
American Hartford Gold: #1 Precious Metals Dealer in the Nation
Learn More
Thor Metals Group: Best Overall Gold IRA
Learn More Powered by Money.com - Yahoo may earn commission from the links above.It supports transactions in cryptocurrencies, stablecoins, and fiat currencies where available, offering spend and earn accounts, with no lock-up periods, minimum contributions, or subscriptions required.
Eligible users can earn up to 4.1% rewards on USDG stablecoin balances and up to 10% on over 20 other digital assets.
Future developments for Krak include physical and virtual Krak cards for spending at millions of merchants worldwide, both online and in-store.
The app will also introduce pay-in-advance services, including lending, loans, and credit card programmes.
Kraken co-CEO Arjun Sethi said: “We built and launched the Krak app because the financial system has been stuck in the past, and we think it's time to do something about it. With Krak, we’re taking a bold step toward rebuilding what we consider to be the most important layer of the global economy: How people move and use money.”
Earlier this year, Kraken launched Kraken Pay, a service supporting payments with over 300 fiat and crypto assets.
"Kraken rolls out peer-to-peer payments app " was originally created and published by Electronic Payments International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
The Kraken's new launch of a peer-to currency trading interface in addition to its upcoming P2P payments app promises the future is looking bright for fast, secure and seamless personal transactions.
The launch of Kraken's peer-to-peer payments app marks a significant step towards enhancing the accessibility and efficiency of digital transactions, providing users with an intuitive platform to send money directly between one another without intermediaries.
The introduction of Kraken's peer-to-peer payments app is a significant breakthrough in the decentralized financial ecosystem, paving new ways for users to transfer funds securely and quickly without relying on intermediaries.
Kraken's fresh peer-to-peer payments app is a game changer in the crypto market, democratizing international transactions and simplifying cross border finance at lightning speed.
"Kraken's introduction of a peer-to Governments after announcing the P2P (peer to
personal) payments app offers users an innovative and secure way for direct financial transactions, further enhancing accessibility in global digital exchanges."
The launch of Kraken's peer-to2peer payments app represents a valuable addition to the cryptocurrency ecosystem, offering users an intuitive and secure way for direct transactions without intermediaries.
The Kraken's recent release of its peer-to-$eet payments app marks a significant step towards democratizing financial services, by allowing users to transfer funds directly and securely between each other.
The Kraken's recent launch of their peer-to-.peer payments app represents a significant milestone in the evolution and accessibility enhancement for digital financial transactions, further democratizing monetary exchanges with its fast yet secure platform.
The Kraken's latest move to launch a peer-to-'peer payments app is indeed an innovative step forward, poised for popularizing instant and secure personal transactions that ultimately beyond the realm of traditional financial services.
