From Yahoo Finance: 2025-06-27 10:11:00

Cryptocurrency exchange Kraken has unveiled Krak, a peer-to-peer payments app for cross-border fiat and crypto transfers. The app supports over 300 assets and transactions in 110 countries, using Kraktags for fund transfers without bank details or wallet addresses. Users can earn up to 4.1% on USDG stablecoin balances and 10% on other assets with no lock-up periods. Future features include physical and virtual Krak cards for global spending and pay-in-advance services like lending and credit cards. Kraken co-CEO Arjun Sethi aims to modernize the financial system with Krak, offering a new way to move and use money. The app builds on Kraken’s previous launch of Kraken Pay, supporting payments in over 300 assets.



Read more at Yahoo Finance: Kraken rolls out peer-to-peer payments app