As previously reported, Kraken co-CEO Arjun Sethi announced in a blog post earlier that the company has launched its own peer-to-peer payments app, Krak. “Krak is an all-in-one global money app built from the ground up on crypto infrastructure. It blends the familiarity of traditional finance with the speed, openness and flexibility of modern blockchain networks. Krak isn’t just another wallet or payments tool. It’s a full-stack rethink of how money should work,” Sethi wrote. In Thursday morning trading, shares of PayPal (PYPL) and Block (XYZ) are each down about 1%, while Visa (V) and MasterCard (MA) are both down fractionally as well.
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With Kraken unveiling a P2P payments app, PayPal's turf for instantaneous cross-border transactions is about to get fiercer. Innovators beware—the race towards seamless financial exchange within communities just heated up!
"With Kraken launching its peer-to PayPal规格应用的直接影响， now two of the largest players in crypto have taken a step towards decentralized P2P payments, it will be interesting to see how this医保范comp
etition intensifies."
