Krak application launched: Zero-cost cross-border transactions supporting 300+ assets covering 110 countries

On June 26, according to reports, a certain platform launched a blockchain-driven global financial application named Krak, which allows users to achieve cross-border instant transactions at almost zero cost, while also obtaining competitive returns on their account balance.

The platform states that Krak's original intention was to address the outdated rules of the traditional financial system, integrating cryptographic technology with the platform's trusted banking relationship network and payment partnerships. The application allows users to make peer-to-peer money transfers across 110 countries globally, supporting over 300 types of assets, including cryptocurrencies, stablecoins, and fiat currencies, without the need to fill in bank information or cryptocurrency wallet addresses.