As they announce on their blog, the State of Wyoming has approved Kraken's request to form the world's first Special Purpose Depository Institution (SPDI).
Kraken Financial will be the first regulated U.S. bank to provide deposit-taking, custody and other services for digital assets
From now you can literally paying bill and receive salary in cryptocurrency!
This is a clever move that will help Kraken to gain autority and reliability, and effectively attack the growing monopoly of the transaction volume of Binance.
In fact, on their blog they state:
Kraken’s vision is to become the world’s trusted bridge between the crypto economy of the future and today’s existing financial ecosystem.