TechFlow News, June 26 — According to CoinDesk, cryptocurrency exchange Kraken has launched "Krak," a blockchain-powered global financial application enabling users to conduct cross-border instant transactions at nearly zero cost while earning competitive yields on account balances. The app covers 110 countries and supports over 300 assets, including cryptocurrencies, stablecoins, and fiat currencies, allowing peer-to-peer transfers without requiring bank details or wallet addresses. Kraken stated that Krak aims to address outdated rules in the traditional financial system by combining cryptographic technology with Kraken's banking network and payment partnerships.
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