Kraken Pay: the new service for instant payments in cryptocurrencies

The criptovalute are becoming increasingly everyday payment tools, and Kraken has decided to push this transformation even further with Kraken Pay. 

The new service allows you to send money to anyone, anywhere, and at any time, using hundreds of digital assets and fiat currencies, all without long waits or hidden fees.

A leap into the future of payments with Kraken Pay

Anyone who has tried to transfer money internationally knows how slow and expensive the process can be. With Kraken Pay, the solution seems within reach: instant transactions in over 300 currencies, including euros, Bitcoin, and Ethereum, make cryptocurrency payments finally practical for everyday use.

But the real strength lies in the ease of use: Kraken automatically manages the conversion of assets and the transfer of the balance, reducing the complexities that often hinder the adoption of cryptocurrencies.

Kraken Pay introduces the paylink, a secure URL that can be shared on any messaging app, from WhatsApp to SMS, to send funds in seconds. The recipient doesn’t even need a Kraken account: just click on the link to accept the payment.

According to Mark Greenberg, Global Head of Consumer at Kraken, the new service aims to bring cryptocurrencies closer to the general public:

“Cryptos are no longer an experiment for the few: with Kraken Pay, sending money is as easy as sending a message. We are breaking down the barriers of traditional systems and offering a fast and accessible alternative.”

Is Kraken Pay changing the rules of the game?

With the introduction of @kraktag, a unique identifier that facilitates payments, Kraken aims to make cryptocurrency transactions accessible to everyone. An intuitive system that could drive more and more users towards digital solutions, leaving behind traditional banking circuits.

The service is already available for Kraken clients, ready to be tested with the latest version of the mobile app.

The adoption of cryptocurrencies in the real world has always struggled to take off, but Kraken seems convinced it can make a difference. 

Instant payments, zero bureaucracy, and the reliability of a consolidated platform could be the right ingredients to make crypto more accessible than ever.

If this will truly be the revolution of digital payments, we will find out in the coming months. But one thing is certain: the sector is changing, and Kraken Pay could be one of the bull actors in this transformation.