Kraken, a leading cryptocurrency exchange, has unveiled Krak, a new blockchain-based global money transfer application. This innovative platform facilitates peer-to-peer (P2P) transfers of over 300 cryptocurrencies, stablecoins, and fiat currencies across 110 countries. Simplified Global Transfers with Krak Krak distinguishes itself by removing the need for traditional bank account details or complex cryptocurrency addresses, streamlining the remittance process. This makes it accessible to a broader audience, particularly those in regions with limited banking infrastructure. Earning Interest on Your Holdings Beyond simple transfers, Krak offers users the opportunity to earn interest on their holdings. USDG holders can earn an annual interest of 4.1%, while select cryptocurrencies offer yields of up to 10% annually. This feature adds an incentive for users to hold and utilize the Krak platform for their digital asset management. ```