Wed. Feb 12th, 2025

With Kraken Pay, users can now send payments in cryptocurrencies and fiat currencies worldwide—completely free of charge. This feature allows money to be sent via a simple “Paylink” URL, similar to sending an SMS or WhatsApp message. Recipients only need to click the link to accept the payment.

Kraken Pay: The Crypto Payment Game-Changer
Kraken Pay: The Crypto Payment Game-Changer

Kraken Pay: The Future of Free Crypto Payments?

Kraken Pay supports over 300 digital and traditional currencies, including Bitcoin, Ethereum, Dogecoin, Euros, US dollars, and Swiss francs. An automatic currency conversion feature makes transactions particularly convenient: a sender can transfer Bitcoin, while the recipient receives the amount directly in euros or yen—without any extra steps.

Another standout feature is the @Kraktag—a personalized ID that makes sending and receiving payments even easier, eliminating the need to enter complex wallet addresses.

However, there is a catch: Kraken Pay is only available to existing Kraken customers. Those without an account must sign up to receive payments. Additionally, geographical restrictions and potential fees for currency conversions may apply.

Whether Kraken Pay truly revolutionizes payments remains to be seen. But with its ease of use, wide range of supported currencies, and free transactions, it presents a serious challenge to traditional financial systems.

By BNA

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