NiftyNoon: Can Crypto Payments Go Mainstream? Unleash the Krak-en! 🐙💸🌍
Kraken's new 'Krak' app enables global peer-to-peer payments in crypto and fiat, setting its sights on competing with Venmo and PayPal (June 27, 2025)
Nifty Thought:
Crypto exchange giant Kraken has officially entered the global payments arena with its new all-in-one money app, "Krak." The app is designed to allow users to instantly and seamlessly send and receive funds, including over 300 different cryptocurrencies, stablecoins, and fiat currencies, across 110 countries with minimal cost. By leveraging its existing network of banking relationships and crypto technology, Krak aims to fix the "outdated norms of legacy finance" by allowing peer-to-peer transactions without the need for complicated bank details or wallet addresses. Furthermore, the platform will feature "spend" and "earn" accounts, offering eligible users competitive rewards, such as up to 4.1% on USDG stablecoin balances and up to 10% on over 20 other digital assets.
This strategic launch positions Kraken to compete directly with established fintech players like PayPal, Venmo, and Block's Cash App, signaling a significant expansion beyond its core crypto trading business. The move is part of a broader trend where major crypto exchanges are building more comprehensive financial ecosystems, with Kraken also planning to introduce physical and virtual cards and loan services in the future. This development comes as Kraken reportedly eyes a potential initial public offering (IPO) in 2026, contingent on regulatory clarity. By branching into the massive global payments market, Kraken is not only diversifying its offerings but also pushing for wider adoption and utility of crypto-powered financial rails.
Highlighted News:
🦑 Introducing @Krak. The money app for people who want more:
https://x.com/krak/status/1938225001796108399?s=46&t=
🔵 US Perpetual-Style Futures. Coming July 21 on Coinbase:
https://x.com/coinbase/status/1938253844850348266
📜 @davidsacks47 Thanks Senate Banking Committee Chair @SenatorTimScott
and Digital Assets Subcommittee Chair @SenLummis for announcing a clear timeline and plan for comprehensive crypto market structure legislation:
https://x.com/davidsacks47/status/1938344533646872692
⛰️ Otherside Update:
https://x.com/othersidemeta/status/1938250911928791480?s=46
Project and Community News:
@SenLummis just said the Senate will have a bill draft for market structure that "we can hopefully put out before the August recess and then mark it up in = September": https://x.com/eleanorterrett/status/1938242481230905675?s=46
Circle Payments Network (CPN) - Partners Grow With Circle: https://x.com/circle/status/1937995764594348299?s=46
Bakkt Holdings Inc. files investment policy update saying it may buy $1 billion in Bitcoin: https://x.com/BitcoinMagazine/status/1938367145387479059
Solana-Focused Upexi to Tokenize Shares; Added 56K SOL to Holdings: https://x.com/upexitreasury/status/1938256680346603949?s=46
@solstrategies_ Announcing Strategic Ecosystem Reserve (SER) with the initial acquisition of 52,181 JTO tokens: https://x.com/solstrategies_/status/1938220759530271058
@RippleXDev partnering with @Wormhole to bring multichain interoperability to the XRPL and the upcoming XRPL EVM Sidechain: https://x.com/RippleXDev/status/1938220730417627559
1,500,000 USDT0 was transferred from ETH Mainnet to HyperEVM today – with no fees: https://x.com/USDT0_to/status/1938326414513864761
One of the Mexican banks sanctioned this week by @USTreasury for allegedly laundering cartel-linked funds has a U.S. subsidiary with a @federalreserve master account: https://x.com/EleanorTerrett/status/1938406520284450837
Introducing the Deep Face Mini App pilot - on the spot confirmation that the person you're speaking with is a real human, and not a deepfake: https://x.com/world_chain_/status/1938001529312841876
Galaxy Ventures Fund I (“GVF I”) has officially closed at over $175M, exceeding initial $150M target: https://x.com/galaxyhq/status/1938247976285073441
Unveiling the Zama Confidential Blockchain Protocol—and announcing $57 million Series B funding round at a valuation of over $1 billion: https://x.com/zama_fhe/status/1937919720046330130
$DOG @DogOfBitcoin will be available on Kraken tomorrow: https://x.com/krakenfx/status/1938255370008301842?s=46
Gauntlet USD Alpha is Live: https://x.com/gauntlet_xyz/status/1937514859018764763
What sets Upexi apart? CEO Allan Marshall nailed it on today’s livestream: https://x.com/upexitreasury/status/1938259488156664232?s=46
Introducing the Believe Builders Fund: https://x.com/believeapp/status/1938372084834390032
Quick Stats:
👾 Blur ETH Daily Volume: 293.21 ETH (▼ 13.12%)
🌊 OpenSea ETH Daily Volume: 618.84 ETH (▼ 33.12%)
🟠 BTC: $107,010.40 (▼ 0.29%)
🔷 ETH: $2,448.83 (▲ 0.15%)
🟣 Solana: $142.22 (▼ 1.08%)
🟪 Polygon: $0.17 (▼ 0.88%)
Top NFT Sales:
CryptoPunks #3843: 48.39 ETH
CryptoPunks #8215: 46.00 ETH
Grifters by XCOPY #576: 16.65 ETH
NFT Daily Winners:
🐱 Quantum Cats: 0.02 BTC (▲ 6.83%)
🧦 Bitcoin Puppets: 0.03 BTC (▲ 6.07%)
🧙♂️ Taproot Wizards: 0.18 BTC (► 0.00%)
👾 Tensorians: 2.49 SOL (► 0.00%)
🚬 CryptoPunks: 39.00 ETH (► 0.00%)
NFT Daily Losers:
🦧 Bored Ape Yacht Club: 11.12 ETH (▼ 0.27%)
👩🏻 Milady Maker: 2.08 ETH (▼ 0.71%)
🐧 Pudgy Penguins: 9.30 ETH (▼ 1.48%)
💼 Ordinal Maxi Biz: 0.02 BTC (▼ 1.72%)
😡 Mad Lads: 34.9 SOL (▼ 1.91%)
⛩ Azuki: 1.93 ETH (▼ 3.45%)
🏳🌈 Chromie Squiggles: 4.00 ETH (▼ 3.59%)
🍭 Mocaverse: 1.41 ETH (▼ 5.24%)
🏴☠ Captainz: 0.34 ETH (▼ 5.81%)
🐵 NodeMonkes: 0.02 BTC (▼ 7.29%)
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