Latest news with #Kraktags
Yahoo
7 hours ago
- Business
- Yahoo
Kraken launches Krak App to blend crypto payments and real-time finance
Kraken launches Krak App to blend crypto payments and real-time finance originally appeared on TheStreet. Kraken has launched a new all-in-one global money app called Krak, aiming to make managing money faster, cheaper, and more flexible for users worldwide. Announced on June 26 from Cheyenne, Wyoming, the Krak app combines the benefits of crypto with traditional finance. Users can send money across 110 countries, manage over 300 fiat and digital assets, and earn rewards on their balances — all in one app. Peer-to-peer payments are made easy with "Kraktags," personalized IDs that let people transfer funds without needing bank account numbers or wallet addresses. Join the discussion with Altcoin Daily At launch, the app will offer spend-and-earn accounts with no subscription or lock-in periods. Users holding the USDG stablecoin can earn up to 4.1% in rewards, and over 20 other digital assets offer earning rates of up to 10%. The aim is to replace outdated banking systems and create a faster, more open financial world, said Kraken's co-CEO Arjun Sethi. "We built and launched the Krak app because the financial system has been stuck in the past, and we think it's time to do something about it. With Krak, we're taking a bold step toward rebuilding what we consider to be the most important layer of the global economy: How people move and use money."Looking down the road, Krak intends to offer both physical and virtual cards to millions of merchants and to expand into consumer lending, credit cards, and other financial services. The Krak app is now available for download on Android and iOS and is poised to position itself as the must-have tool for the digital-first generation that wants complete control over their money, their way. Kraken launches Krak App to blend crypto payments and real-time finance first appeared on TheStreet on Jun 26, 2025 This story was originally reported by TheStreet on Jun 26, 2025, where it first appeared. Sign in to access your portfolio
Finextra
14 hours ago
- Business
- Finextra
Kraken launches all-in-one global money app
Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, today unveils the launch of Krak: a next generation, all-in-one global money app. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The Krak app reimagines what constitutes money and value, empowering users to instantly transact across borders for almost no cost, while also earning competitive rewards on their account balances. Built for a global, digital-first generation, the Krak app blends the freedom of crypto with the familiarity of everyday finance. Users can seamlessly manage over 300 different fiat and digital assets, making Krak app the ultimate portable financial command center built for the modern era. 'We built and launched the Krak app because the financial system has been stuck in the past, and we think it's time to do something about it. With Krak, we're taking a bold step toward rebuilding what we consider to be the most important layer of the global economy: How people move and use money,' said Arjun Sethi, Kraken's co-CEO. Powered by crypto innovation and strengthened by Kraken's trusted network of banking relationships and payment partnerships, Krak challenges the outdated norms of legacy finance. Whether sending money to family abroad, growing balances, or managing spending on everyday purchases, users can rely on the Krak app as a seamless, all-in-one financial hub – giving them control of their assets, on their terms. The Krak app at launch will feature: • Peer-to-peer payments: Instantly and affordably send funds to other Krak app users across 110 different countries. Using Kraktags, a personalized payment ID, app users can seamlessly send and request payments across 300+ assets spanning crypto, stablecoins and fiat currencies (where available) without inserting bank details or crypto wallet addresses. • Dedicated spend and earn accounts: Seamlessly make payments and earn rewards with no lock-up periods, no minimum contributions, or subscriptions needed. At launch, eligible users can earn up to 4.1% rewards on USDG stablecoin balances, as well as additional earning opportunities across 20+ digital assets up to 10%. • What the future holds for Krak: o The release of physical and virtual Krak cards, unlocking seamless spending at millions of merchants worldwide, both online and in-store, using fiat currencies and cryptoassets in the Krak app. o A range of pay-in-advance services, ranging from lending to loans and credit card programs. Sethi added: 'We believe that basic financial services should be as universal and available as clean water. And that money should move as easily as information does. Krak is just the beginning. We see it as a foundation. A core building block for how people everywhere will manage their money in the future.'
