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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.
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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The aim is to replace outdated banking systems and create a faster, more open financial world, said Kraken's co-CEO Arjun Sethi.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."
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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
