Kraken launches Krak, a blockchain-powered global money app

Cryptocurrency exchange Kraken has launched Krak, a blockchain-powered global money app allowing users to send funds peer-to-peer across 110 countries without needing bank details or wallet addresses, CoinDesk reported. Krak supports over 300 assets, including crypto, stablecoins and fiat currencies. The app also offers up to 4.1% rewards on USDG stablecoin balances and up to 10% yield on over 20 digital assets.