币界网报道：Kraken has unveiled its new mobile payment app "Krak" in select European countries, marking the crypto exchange's expansion into peer-to-peer (P2P) payments. The app allows users to send and receive euros instantly across borders without transaction fees, leveraging traditional banking rails rather than blockchain technology. Currently available in 35 countries including Spain, France, and Italy, Krak requires no minimum balance and supports contactless payments through virtual debit cards. While initially fiat-only, Kraken plans to integrate cryptocurrency functionality in future updates. The launch positions Kraken against competitors like Revolut and Wise in the digital payments space, though the company emphasizes its focus remains on serving crypto-native users. Krak's introduction follows Kraken's recent regulatory challenges, including a $30 million settlement with the SEC over its staking program earlier this year.