Kraken Debuts Krak Crypto and Fiat Payments App Across 110 Countries

Crypto Exchange Kraken made his debut an app to pay for Peer-to-PEER to compete with Cashapp and a vem.

The company based in San Francisco, California, posted a arm on Thursday, allowing users to send and receive payments in more than 300 currency-ukiptovalutes over 110 countries.

Kraken’s main platform allows users to buy, sell and bet on a future price of hundreds of digital coins and token.

Kraken Su-CEO Arjun Sethi said the application was built to compete with the financial system “stuck in the past”.

“With a arm, a bold step towards the renovation of what we consider to be the most important layer of global economy: how people are moving and using money,” he added.

Decipher Came to Kraken for an additional comment.

In the announcement, he announced that sending payment with FIAT money – US dollars, pounds or euros – to work internally without users to register a bank account. Clients instead have a username called “Kractag”, similar to payment apps such as Cash App, Wise and Paypal.

Users can also earn a contribution with the USDG Stablecoin by offering, the exchange added.

The debut comes as Kraken, one of the largest crypto stock exchanges in the world, offers new products, including shares and trading funds in certain US countries.

Kraken also in March announced She bought a futures trading platform ninjatrader for $ 1.5 billion.

Kraken is required to expand because it comes out of regulatory winds. In March, the US Securities and Exchange Commission agreed to dismiss a lawsuit against Kraken, which he claimed to act as an exchange of securities.

Sethhi said at the time that, although “traditional markets started on the 1950s banking systems,” today’s acquisition was the beginning of Kraken’s move to become a “institutional class trade platform where any assets can be traded, at any time.”

The company has confirmed to Decipher that he plans to go public.