The cryptocurrency exchange Kraken has released a new app called Krak, designed for seamless global transactions across borders. This app not only facilitates instant transfers with minimal costs, but also rewards users for maintaining account balances.

Key Features:

• Cross-Border Transactions: Users can conduct peer-to-peer transactions in over 110 countries while utilizing more than 300 different assets, encompassing cryptocurrencies, stablecoins, and fiat currencies, all without the need for bank account or crypto wallet details.
• Rewards Programs: The Krak app will provide specialized spending and earning accounts, allowing qualified users to earn up to 4.1% in rewards from USDG stablecoin holdings and additional earning potential across various digital assets yielding up to 10%.

Mark Greenberg, Kraken’s global head of consumer product, expressed optimism regarding the app, stating that traditional banking methods are outdated and overly complicated.

“Look, banking sucks; maybe that’s the simplest way to say it. I spent my whole career in banking and tried many different ways over the years to try to make it better… And crypto has always been a big part of the answer.”
“银行真的很糟；或许这就是最简单的说法。我在银行工作了很多年，都尝试过不同的方式来改进这一切……而加密货币一直是一个很重要的解决方案。”

For further insights into Krak and its impact on the financial landscape, you may refer to the linked resource on Kraken’s MiCA License acquisition in Ireland.