In a bold foray into the TradFi space, crypto trading platform Kraken has launched a peer-to-peer payments app, reviving interest in wallet-related tokens like Best Wallet Token.
“We’re able to move money across borders right off the bat, because that’s what we do from a trading perspective in our venues,” says Kraken co-CEO Arjun Sethi in an interview with Reuters.
Funds are safeguarded by top-tier security standards and backed by verifiable Proof-of-Reserves.
Most transfers through Krak are free, but for those that are not, the relevant fees will be displayed upfront for full transparency and no surprises.
Future Krak offerings will include physical and digital payment cards and upfront payment solutions such as lending services.
Platforms like Kraken, Binance, and Coinbase are steadily broadening their horizons beyond their crypto-trading roots.
Savings tools, debit cards, stock trading, and lending solutions are among the more traditional services crypto platforms are now bringing to the table. It’s a shift that reflects the growing demand for all-in-one financial tools that merge crypto with traditional finance.
Aside from buying, selling, and holding crypto, it allows for staking, DeFi, fiat on-ramping, cross-chain swaps, portfolio management, and Web3 access.
$BEST holders also get lower transaction fees, and higher staking rewards through a built-in staking aggregator. You’ll also have a say in the project’s direction through community governance rights.
The Best Wallet Token’s tokenomics make sense for a project in accelerated development. Of the 10B total token supply, 2.5B is allocated to development, and 3.5B to marketing. Those are both vital to the Best Wallet app reaching its target of 40% market domination.
So if you’re on the lookout for the top presale of the year, $BEST is well worth checking out. Currently, 1 $BEST costs $0.025245, and you can stake it for 102% APY. Being a presale, though, staking rewards are dynamic, and the price will increase in stages.
