Kraken Krak is launched: a new encryption payment application from counterpart to counter star-news.press/wp

On Thursday, Crypto Exchange Kaken launched a counterpart payment application to analogy, enabling users to send money and receive them in both cryptocurrencies and fate currencies across more than a hundred countries.

This step aims to expand Kraken’s services beyond the basic digital asset trading operations, and to place the company to compete directly with players such as PayPal, Venmo and Block’s Cashapp.

Kraken plans material and virtual cards

The newly -made application, named KRAK, provides users with an account for spending and the ability to send and request payments immediately in 300 different assets, including encrypted currencies and local currencies.

Unlike traditional cash transfers, which often depend on external banking systems, Kraken will use its own internal infrastructure of these transactions, with the aim of enhancing efficiency and speed.

in interview With Reuters, Ergon Sethi, a co -co -Karaken, confirmed the company’s ability to facilitate cross -border transactions. “We are able to transfer money across the border directly from the bats, because this is what we do from a commercial perspective,” he pointed out.

The most prominent Sethi is that Kraken has spent more than a decade in building a “strong system” to comply with money sedative licenses across various judicial states. He pointed out that customers are eager for new options to manage their money, which prompted Kraken to expand its scope Offers.

Looking at the future, Kraken has ambitious plans for KRAK, with future developments including the introduction of material and virtual cards, as well as advanced services such as payment loans.

Mika guaranteed license

This expansion follows another important advertisement From The Exchange, who recently obtained a license under the European Union markets in regulating encrypted assets (MICA) from the Central Bank in Ireland (CBI).

Sethi noted the importance of this license, saying: “Securing a license from the Central Bank in Ireland is not only related to compliance; it is a strong indication of Kraken’s commitment to expanding the ecosystems for encryption through responsible innovation.”

The Executive Authority indicated that being the first global encryption platform to receive a CBI, indicating Kraken’s dedication to long -term construction. “Confidence is the most valuable currency in encryption, and this is something you gain,” he added.

It is worth noting that Kraken’s organizational progress is worth noting, as the stock exchange already carries virtual asset service records (VASP) in the main European countries, including Ireland, Belgium, France, Italy, the Netherlands, Poland and Spain.

With a strong foundation in Trading presented the euroKraken presented the first BTC/EUR trading pair in 2013 and has since become one of the most traded platforms.

With the MICA license now, along with the current MIFID and EMI licenses, it is said that the stock exchange is preparing to expand its organized offers to millions of customers throughout the European Union.

Distinctive image from Dall-E, Chart from TradingView.com

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