Kraken launches integrated global financial app "Krak"

ChainCatcher news, according to CoinDesk, the cryptocurrency exchange platform Kraken has launched a blockchain-driven global financial application called Krak, which allows users to make cross-border instant transactions at almost no cost while earning competitive returns on their account balances.

Kraken stated that Krak is designed to address the outdated rules of the traditional financial system, integrating cryptocurrency technology with Kraken's trusted banking relationships and payment partnerships. The application allows users to make peer-to-peer money transfers across 110 countries worldwide, supporting over 300 assets, including cryptocurrencies, stablecoins, and fiat currencies, without the need to fill out bank information or cryptocurrency wallet addresses.