Crypto exchange Kraken has launched a new payments service, allowing users to send over 300 different fiat and digital currencies to friends and family worldwide.
Kraken Pay enables users to transfer currencies, ranging from DOGE to dollars, from their Kraken account in seconds and without any fees. It also offers asset conversion, such as changing Bitcoin to Swiss francs.
To use the service, users receive a unique identifier, @Kraktag, which senders can input instead of bank account details. Payments are sent through a paylink URL that can be shared via messaging platforms like SMS and WhatsApp. The recipient simply clicks on the paylink to accept the payment; however, those without a Kraken account will need to create one to complete the transaction.