Kraken Introduces Crypto Payments Service

Crypto exchange Kraken has launched Kraken Pay, a new payments service that allows users to send over 300 fiat and digital currencies instantly and for free. The service enables seamless transfers, letting users send anything from DOGE to dollars worldwide. Kraken Pay also supports automatic currency conversion, allowing transactions like Bitcoin to Swiss francs.

Each user receives a unique @Kraktag, which simplifies payments by eliminating the need for traditional bank details. Transactions are completed using a paylink URL, which can be shared via SMS, WhatsApp, or other messaging apps. Recipients can accept payments instantly, though those without a Kraken account must create one.

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