Arjun Sethi, Kraken Co-CEO stated that Krak is built on permissionless blockchain infrastructure, enabling real-time global settlement, lower fees, and greater access by removing intermediaries and unifying crypto and fiat transactions

Quotes that support claims

We built this on permissionless infrastructure. Public blockchains settle transactions globally, in real time. Assets are portable, interoperable and under your control," Kraken co-CEO Arjun Sethi wrote in a statement. "There are no intermediaries inserting friction or cost. That means faster settlement, lower fees and more access.

We believe moving money should be as simple and borderless as sending a message,. With Krak, we’re offering a next-generation tool that challenges outdated financial rails and brings crypto and fiat into a single experience.