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Kraken Disrupts Payments: New ’Krak’ App Launches Borderless Crypto-Fiat Transfers
Kraken Disrupts Payments: New ’Krak’ App Launches Borderless Crypto-Fiat Transfers
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Kraken just fired the starting gun in the payments race—and traditional finance didn't even hear the shot.
The exchange's new 'Krak' app slashes through banking red tape, letting users shuttle crypto and fiat globally with fewer roadblocks than a Swiss bank account. No more waiting for legacy systems to 'settle'—transfers now move at blockchain speed.
While Wall Street still charges $30 wire fees for 3-day transfers, Kraken's play could make cross-border payments as obsolete as fax machines. The twist? Banks will probably lobby against it by lunchtime tomorrow.
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