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Kraken App Now Automatically Connects With Existing Apple Pay and Google Pay Accounts

bitcoinexchangeguide.com 21 September 2021 16:30, UTC
Reading time: ~2 m

Cryptocurrency exchange Kraken announced on Tuesday that it now supports Apple Pay and Google Pay in the Kraken App. The Kraken App available in the Apple App Store or Google Play Store will automatically connect with the existing Apple Pay and Google Pay accounts. Once connected, in order to purchase crypto, the user has to simply select “Buy” in the Kraken app and choose the preferred cryptocurrency. Once the amount of crypto to be purchased is entered, you have to select the ‘Pay With’ option to select Apple Pay or Google Pay. From there, just review and confirm the crypto purchase. There is currently a minimum purchase limit of $10 and $7,500 maximum during a seven-day rolling period. With this latest addition, the exchange said it is taking “yet another step forward making it easier to make crypto part of your daily experience.” Earlier this month, during the last crypto sell-off, much like other exchanges Coinbase, Gemini, Binance, and others, Kraken also experienced web and mobile connectivity issues and reported that logins, trading, and funding operations were “unavailable intermittently.” Valued at $10 billion, Kraken is currently “working on a license in an EU country,” and is planning to go public via IPO later this year. Rival Coinbase went public in April through direct listing at a valuation that briefly went past $100 billion. In its latest report, Kraken Intelligence noted that Bitcoin’s upcoming Taproot upgrade in November is “one for the ages.” This upgrade that will improve user privacy and network scalability is “arguably the most significant Bitcoin upgrade to date, setting the stage for massive innovation and adoption,” it said.

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