PANews reported on June 26 that according to CoinDesk , the cryptocurrency exchange Kraken has released a blockchain-driven global financial application, Krak . The application supports users to make instant and low-cost transfers between 110 countries using more than 300 cryptocurrencies, stablecoins and fiat currencies, and can earn up to 10% on account balances. Kraken said that Krak aims to break down the barriers of traditional finance and simplify the cross-border transfer process, without having to fill in bank information or wallet addresses to complete the operation.