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Kraken Takes on Cash App with 'Krak'

The mobile payments app will allow users to send each other cash and a variety of crypto tokens.
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Jun 26, 2025 • 1 min read

Kraken has launched 'Krak,' a global money app allowing low-cost borderless transfers in over 300 assets, alongside opportunities for earning rewards.

What’s the Scoop?

  • Global Reach: The Krak app enables peer-to-peer transactions across 110 countries using over 300 assets, including cryptocurrencies, stablecoins, and fiat.
  • Earning Opportunities: Users can earn up to 4.1% on stablecoin balances and yield rewards of up to 10% across 20+ digital assets.
  • Innovative Approach: Krak merges crypto technology with traditional banking partnerships to streamline money transfers and eliminate inefficiencies in legacy finance.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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