KRAKEN LAUNCHES KRAK TO RIVAL VENMO AND PAYPAL

Summary from the TLDR Crypto newsletter

Kraken has debuted Krak, a cross-border payments app that offers free local and global transactions in 160+ countries, aiming to rival Venmo, PayPal, and Cash App. Users earn 4.1% on Paxos-issued USDG stablecoin and up to 10% on staked assets, with upcoming features like crypto-backed credit lines, Krak cards, and ENS-style “Kraktags” for simplified payments.