Kraken Launches Peer-to-Peer Crypto Payments App — What Makes It Different?

Kraken developed and New Application Peer-to-Peer Payments Krak called and marked his last step towards expansion as a crypto trading and into common financial services.

The app, revealed on Thursday, allows users to immediately send and receive money in more than 160 countries and supports more than 300 assets, including Fiat, Stablecoins and cryptocurrency currencies.

With Krako, Kraken focuses on solving long -term inefficiency in the global payment system by offering faster, cheaper and more accessible transactions.

Krak focuses on PayPal with low charges of global transfers and built -in rewards

Unlike the key trading platform of Kraken, Krak is designed specifically for global payments. Restricts high trading fees by offering almost zero-to-peer transfers.

Let’s make a revelation to celebrate the launch @Krak

For next week ask $ 20 from @Krak Use the new application (yes – you can log in using existing information about the Kraken account).

We could intervene https://t.co/tx6pq0kzhu pic.twitter.com/lSybm4btjo

– Kraken Exchange (@krakenfx) June 26, 2025

This position Krak as a direct competitor for traditional payment applications such as PayPal and Cash App. Users can move money without the need for bank accounts or lengthy addresses, thanks to a simplified system using “Kractags”, which makes international transactions much more intuitive.

The application also supports a wide range of assets, from Fiat and Stablecoins to crypto, allowing users to choose how they send and receive value.

Another key differentiator is KAK earnings. Users can earn competitive returns such as 4.1% APR on USDG Holdings, and up to 10% on Crypto set, a function that is not preferred in the business application of Kraken.

From payments to loan Krak maps an ambitious trip in the finance crypto

“We built and launched the application of Krak because the financial system has been stuck in the past,” Kraken said in his statement. “Whether you send a few dollars to a friend or cable resources for continents, this process is slow, expensive and frustrated. This should not be in 2025.”

In the coming months, the company plans to introduce other products through Krak, including physical and virtual cards and increment services such as loans.

It also offers opportunities for revenue through stablecoins supported by reserves and possibilities on the basis of supported chips.

Kraken said that its aim is to remove friction from global financing by mixing the efficiency of blockchain technology with the confidence and simplicity of modern mobile banking. Since Stablecoins and Blockchain -based payment systems attract wider interest, Kraken’s pivot signals the belief that the future of money is global, digital and always on.

Contribution Kraken launches Peer-peer Crypto Payments App-What is different? He appeared for the first time Cryptonews.

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