<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NGI4NTctNDk2NC03NjdjLWI0MWUtMzlmYmE0MDllNDgx.jpg" alt="Kraken debuts 'Krak' peer-to-peer payment system for crypto, fiat transactions"></p><p>Kraken’s new "Krak" system will compete against other money-transmitting apps such as Cash App and Venmo.</p>