Latifa Alkhanjary

Latifa Alkhanjary

In-house Journalist

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About Latifa

As an in-house journalist and content producer, Latifa maintains an agile sociological understanding of monetary policy, which follows from a deep-seated intrigue into the dynamic concepts of money, currency and their global impact.


Having undertaken extended policy research, her interest in improving market access for unbanked communities in emerging economies, as well as innovative blockchain solutions are communicated through historical, literary-focused articles.


In recent uploads, Latifa has unpacked the significance of the Bretton Woods Agreement, detailing the inverse relation between gold and the dollar. She explores the speculative, yet eventual, fall of fiat currencies.

Referrer’s Yield Launches on Kinesis Platform

Kinesis is proud to announce the launch of the Referrer’s Yield with the first retroactive yield payment successfully distributed to all Kinesis referees. The Referrer’s yield will reward Kinesis users who successfully introduce their friends, family or followers to the Kinesis platform. What is the Referrer’s yield? The Referrer’s yield rewards system participants for referring new users to the Kinesis Money platform with a passive monthly yield, paid out in Kinesis gold (KAU) and silver (KAG).  The launch of the referrers yield today the 23rd of December 2021 was retroactive, accounting for the total Referrer yield accumulated from 4th April 2019 to the 30th November 2021. A total of 25,043 KAU (25kg of physical gold) and 3624 ounces of Silver, with a total value of 1.54 million USD has been distributed to referrers. Moving forward the Referrer’s yield will be paid out on a monthly basis, alongside all other active Kinesis yields, incorporating all transaction fees of referees registered from the past month end every month thereafter. Referrer yield qualifies participants to earn a 7.5% share of all their referees’ transaction fees, gathered through their activity on the Kinesis platform.  An image of 25kg of gold for visual representation. Actual Kinesis 1 kilogram bars shot from our vaults in Liechtenstein used. How does the Referrer’s yield work? A Kinesis user becomes an eligible referrer when a new system participant opens a Kinesis account through their referral link and completes the KYC verification process. This enables the referrers to start earning a yield every time their referees mint Kinesis currencies, trade on the Kinesis Exchange, or spend on their Kinesis debit card.  The Referrer’s yield is calculated from the total transaction fees, for any given month, accumulated by all system participants registered as referees. This includes fees generated from their Kinesis Money accounts, as well as any external, standalone wallets that they have linked to their Kinesis Money accounts. The first yield payout on the 23rd of December 2021 was retroactive, accounting for the total Referrer yield accumulated from 4th April 2019 and the 30th November 2021. From January 2022 onwards, the Referrer’s yield will be paid out on a monthly basis, incorporating all transaction fees of referees registered from the past month. Please find a more detailed breakdown here. Depositing and Sending Currencies via Email New system participants can set up their Kinesis account free of charge and are not required to make an initial deposit upon joining.  System users who sent digital assets via the ‘send to email’ functionality and whose recipients signed up to Kinesis with the emailed referral link are also eligible to receive the Referral yield.  The sending of any digital assets, such as Kinesis KAU, KAG, or currencies listed on the Kinesis Exchange - can act as a user’s first deposit, which will count towards a Referrer’s yield for the sender.  Importantly, Kinesis referrers can still earn a yield on their recipient’s transaction fees, even if they themselves have not generated any transaction fees. Thanks to Kinesis’ usage-based model, the increased overall transaction velocity among onboarded users will enable all system participants to generate a higher yield. The New Referrer’s Dashboard & Kinesis Rewards Coming soon, the new Referrer dashboard, launching in the new year, will introduce a gamification element to the referral process and the Kinesis monetary system as a whole.  The interactive dashboard is set to reward system users for their engagement across the entire Kinesis Money platform, referring others to the platform being just one example. With a milestone-structured activity tracker, Kinesis users can expect to receive tangible rewards as they progress through the stages set up to encourage usage of the Kinesis platform to its fullest potential. Introduce Family & Friends to Kinesis Explore Referrer's Yield

Latifa Alkhanjary
Latifa Alkhanjary

22/12/2021

Major, Minor and Exotic Currency Pairs - How are they Shaping the Future of Money?

To understand the importance of currency exchange and the cryptocurrency revolution as it currently stands, we must begin with a deep dive into the origins of currency. What is a Currency? Money has been said to serve three basic functions: a unit of account, a medium of exchange, and a store of value. A currency, more specifically, is money in any form when utilised in circulation, as a medium of exchange. This means that it can be used in financial transactions, including the buying of goods and services.  Looking beyond the world currencies we recognise today, notable examples are the metal coins and polymer banknotes that we handle frequently in our everyday transactions - or are hidden, to the best of our knowledge, down the back of the sofa.  Before the existence of money, commodities considered to hold intrinsic value were deemed as money. Interestingly, ancient China elected to trade with the cowry shell in the 11th century, whereas the Aztec empire pronounced the copper tajadero (or chopping knife) as their preferred currency.  In the modern world, the United Nations (UN) now recognises 180 world currencies as legal tender, which circulate on the foreign exchange market (Forex), leveraging a daily turnover of at least $5 trillion dollars.  Consequently, Forex is a major source of revenue and speculation for central banks, institutions and investors, as they seek to observe the projected success or failure of global currencies. By adding cryptocurrency to the mix with El Salvador’s consolidation of Bitcoin as legal tender, it is important to understand the future of currencies, and more so, cryptocurrencies.  What are the Major World Currencies? The major world currencies can be defined by the height and frequency of their trading volume. Those with the highest average trade volume are widely accepted as the major world currencies.  According to the foreign exchange market (Forex), the US dollar has the highest trading volume of all currencies and is involved in over 80% of all foreign exchange transactions. In 2020, the Euro and Japanese Yen ranked behind the dollar in their foreign transaction volume, contributing to at least 33% (JPY) and 23% (EUR) of Forex transactions.  The foreign exchange market indicated the world’s major currencies are the: US dollar (USD)Euro (EUR)British Pound (GBP)Japanese Yen (JPY)Swiss Franc (CHF) Canadian Dollar (CAD) Australian and New Zealand Dollar (AUD), (NZD) What are Major Currency Pairs? While there are at least 8 major currencies in the world, there are only 7 major currency pairings that are traded on the foreign exchange market. This is because a major currency must involve the dollar as the base, or counter currency, in the trade - and of course, the dollar cannot be traded with itself (USD/USD).  There is some debate about which pairings should be considered as major currency pairs since the concept can be understood both from an economic (trading volume) and speculative standpoint.  As it currently stands, the major pairs are displayed on the table below: What are Minors and Exotics? Minor trading pairs occur when a major currency is traded with another, such as the Swiss Franc and the Euro. Without the appearance of the US dollar, the currency pair in question is defined as a minor currency pair. Popular examples of Forex minor currency pairs are displayed in the table below: An exotic currency pair is a term used to describe the trading of a developing economy’s currency - as either the base/counter currency - with another major currency.  Often when trading with exotic currencies, traders must be diligent and experienced in the field and account for destabilising factors that affect currency value. In the case of exotic currencies, these factors can be the political or economic agenda of the country that increase volatility and trigger extreme movements or wild swings within the exotic trading pairs.  Why is the US Dollar so important? The prevalence of the US dollar in the foreign exchange market can be attributed to a pivotal point in history: The Bretton Woods Agreement of 1944. The intention was to create an efficient foreign exchange system that would promote economic growth on an international scale, and utilise economic competition to safeguard against the extreme devaluation of currencies. Despite the eventual fall of the Bretton Woods system in 1971, the value of the US dollar continues to prevail. As of the agreement, participating countries concurred that their respective currency would be pegged to the fluctuating value of the dollar. However, at the time of the system, the currency valuation of the US dollar had a basis in allocated gold, due to the abundant stores of the American reserves. Now, this is no longer the case.  In 1971, when the US gold supply was considered insufficient to cover the number of dollars in circulation, president Nixon famously devalued the USD when he suspended the ability for citizens to convert their dollars into gold. With gold quite literally out of the trading equation, countries that participated in the agreement suddenly had more autonomy over their currency exchange agreements, making them free-floating.  The Future of Currency When considering the volatility of exotic currencies, it is significant to witness nations such as El Salvador shaking up the financial market by making Bitcoin legal tender. As an emerging market economy (EME), reliance on Bitcoin, and further broadening country-wide use of cryptocurrency, has produced a considerable response from Salvadorians.  As the first country to utilise virtual currency as legal tender, many have opposed the introduction of Bitcoin due to fears surrounding its instability. This anxiety was coincidentally proven to be true on the first day Bitcoin was introduced as legal tender when the cryptocurrency fell by 20% of its value.  It seems that currency, or more widely money, must act as a medium of exchange in addition to a store of value. Currencies exchanged on the Forex market are known as fiat currencies and, even in the case of the US dollar, have depreciated in value over time. El Salvador is just one example of a country adopting alternatives to fiat currency. More widely, emerging economies are desperately seeking new currencies that are not susceptible to the depleting effect of inflation. In light of this, we should question whether Bitcoin and other cryptocurrencies more generally, are the right option for emerging markets? The recent crash seen for Bitcoin in the past week suggests otherwise, with its inherent volatility now taking its toll.  Could the implementation of gold as currency once again, perhaps, be the solution for countries looking to elevate the stability and prosperity of their economy? What if this gold was digitalised, made portable through a mobile phone and underpinned by the efficient, peer-to-peer, blockchain technology, much the same as Bitcoin operates on?  Kinesis has already rolled out public-private partnership projects in Indonesia, to create a stable foundation for emerging economies, bringing forward a system that enables the spending, trading and storing of gold as currency. By making KAU - Kinesis’ native gold-backed currency - legal tender,  could developing nations establish a new monetary path that introduces, anew, the enduring value of gold seen in the Bretton Woods era? It seems that only time will tell. Find out more about the Kinesis offering today Learn More

Latifa Alkhanjary
Latifa Alkhanjary

19/11/2021

How is FinTech shaping the Remittance Industry?

In a globalised world, money is rapidly becoming borderless. Heightened migration and commercial expansion on an international level have triggered a stark increase in remittance payments being sent, globally. Reports show that the bulk of remittance payments are being directed at developing countries by migrant workers. These payments ranked higher in their contribution to the recipient country’s economy than foreign aid.  In 2018, The World Bank reported that remittance sent to low and middle-income countries reached a record high of $529 billion. Although the Covid-19 pandemic initially triggered a dip in remittance payments being made, trends show that they are, once again, on the rise. While the reliance on remittance is not the all-purpose built solution for emerging economies, remitted payments have drastically increased the GDP of these countries.  What is a Remittance? When money is sent to another party, this is referred to as a remittance or a remittance payment. Now that currency can be transacted, transferred, or sent via email, the term foreign remittance is more often invoked to describe the process of sending money to someone who resides in another county. When transacting money, we expect that a fraction of that sum will be lost to the central banks or the institutions we are transferring money to. However, the fees incurred from remittance payments are notoriously high, as many will have noticed when trying to take out money from an ATM abroad.  The World Bank reported that in 2021, an average cost of 6.38% was deducted from a sum of money sent as a remittance. Hence, banks and Money Transfer Operators (MTOs) make a significant profit on the exchange rate used to convert one currency to another.  Whether you are a company owner or a migrant worker, fair remittance payments are crucial; not only will that increase the recipient’s fiscal spending power, but it will often serve as an emergency response fund for individuals experiencing a natural disaster or political conflict.  Fair remittance means that money can flow directly from the remitter to the recipient family member or friends, as opposed to foreign aid, which may never reach the parties in need of it.  Types of Remittance When discussing remittance, there are two types to be aware of: Inward Remittance: when funds are sent domestically, from one person to another within the same country. Outward Remittance: when funds are sent to a bank account in another country. Right now, outward remittance is skewed towards exploitative rates. This means that individuals sending money from their host country to the recipient’s face a transaction fee, a loss of value due to the exchange rate, and a fee relative to the speed of the transfer. This can take anywhere from under an hour to more than six days.  Remittance as Industry Competitors in the remittance industry that can offer high-speed transfers and limits, favourable rates and no hidden fees are starting to have an edge over the renowned market-dominant, Western Union. Notably, the impact of blockchain on the remittance industry is also having a major impact.  Digital currencies like Dash, Cardano, and of course, Bitcoin, can be sent abroad for a fraction of the cost and time that traditional outlets offer. In fact, blockchain enables these transactions to happen in a peer-to-peer manner, such that intermediaries are no longer involved nor needed.  The great diaspora remitting payments to their countries of origin are likely fulfilling families or individuals in developing countries who are considered to be underbanked. Moreover, remittance payments can function as an alternative financial solution for often the poorest segments of society.  Underbanked, Underserved In 2017, 1.7 billion people were classifiable as ‘unbanked’ in emerging economies. This means that these individuals lack access to banking infrastructure, a mobile phone or the required government-issued ID to open a bank account.  A lack of financial inclusivity is no good for the underbanked individual nor the country’s economic system as a whole. Those who remain under or unbanked, tend to develop a general distrust of banking systems and further, a lack of participation in the country’s economy.  The Importance of Remittance Remittance payments are, for many developing nations, a significant contributor to the economy. A staple report demonstrated that remittances equate to over 10% of the GDP of developing economies over the course of a year. These payments are highly important, not just for the country’s internal economic growth, but for global economic development as a whole.  In certain cases, remittance payments that flow directly to citizens in developing countries can function as business start-up capital. This enables the injection of funds into business infrastructure that will eventually act as a catalyst for employment opportunities, innovation, and stirred competition.  The result of start-up capital is plain to see, from the tech giants dominating Silicon Valley to the dramatic impact of Alibaba on Hangzhou, the domino effect of enterprise transforms the operation of cities. Remitted payments can therefore provide financial leverage for start-ups, paving the way for financial success.  Looking Ahead Understanding the importance of remittance payments, mega-corporations should take care to manage the extent they are capitalising on an individual’s hard-earned cash. Coincidentally, the recent partnership of Monzo and Wise is indicative of fintech start-ups seeking to benefit from the explosive capital opportunity presented by the remittance industry.  Thankfully, there is a much safer, efficient and transparent alternative to this. System participants are able to send fiat currencies or digital cryptocurrency assets via the Kinesis Monetary system for an extremely low fee, with the transaction executed in seconds. What’s more, the ecosystem offers users the option to purchase physical gold and silver currencies, KAU and KAG, which are backed 1:1 by the respective precious metals. In turbulent times of high-level inflation and economic instability, money parked in precious metals is becoming increasingly more appealing for those in emerging markets. As for the remittance industry as a whole, the diversification of providers can be a positive aspect for individuals. More competition means that companies will have no choice but to do better in regard to their services, rates, and product offerings. It may be this rivalry that leads, eventually, to fair remittance policies for all. 

Latifa Alkhanjary
Latifa Alkhanjary

04/11/2021

Kinesis Partners with Panama-based Provider Atlas Vaults

Kinesis is pleased to announce a new partnership with Atlas Vaults and Atlas Brokers, expanding the global Kinesis Vaulting Network into Latin America. By joining forces with the leading Panama-based vaulting provider, broker and trading hub, Kinesis is introducing the Atlas Group’s considerable client base to the Kinesis Monetary system. The partnership is set to bring superior value and returns to Atlas Vaults and Kinesis clients, as well as citizens across South and Central America. Central to the partnership, Kinesis is introducing the 13th storage facility into its global vaulting network, which now spans 9 countries. New Global Trading Hub Through the new Panama-based trading hub, Kinesis users globally will benefit from enhanced bullion pricing and spreads. The price of Kinesis gold and silver will now be aggregated across a wider range of trading hubs within the Kinesis network, enabling Kinesis to continue to deliver global investors the best aggregated pricing and spreads in the precious metals industry.Additionally, the Panama storage facility becomes an approved vault within the global vaulting and trading network of Kinesis’ core partner, Allocated Bullion Exchange (ABX), as well as a member of the ABX Quality Assurance Framework (QAF).  Redemption and Deposit The location and proximity of the vaulting facility will enable Latin American citizens to face significantly reduced delivery costs, when depositing or redeeming bullion. This gives local investors a feasible option between chargeless storage in Kinesis vaulted facilities, or redemption of their precious metals, if they should so choose.  In addition, Kinesis’ redemption fees and minimum withdrawal requirements are amongst some of the lowest redemption fees globally, giving system users greater access to their physical bullion.  Kinesis in Latin America With a history of episodic hyperinflation and current, prolonged inflation in the LatAm region, the Kinesis ecosystem will reduce barriers of entry for those wishing to experience the stability and safety of precious metals investment.  Through the partnership, citizens can easily utilise precious metals as a hedge against the steep inflation rates seen in many countries across Latin America, which reached 10.25%* in Brazil - a recent report has shown. In times of high inflation, capital investments that gain proven returns are desirable across the board. Intrinsic to this partnership, Atlas Vaults and Atlas Brokers will introduce their significant client base to the Kinesis Money platform, enabling them to generate a passive yield on their precious metals holdings.By storing precious metals with Kinesis, holders will have instantaneous access to the usage-based yield model that offers a return for simply holding precious metals, with all storage and insurance costs covered. With the October Holder’s Yield payout reaching a total of $2.84 million, investors can generate a proven debt-free, passive return on their bullion investments.  With local currencies continuing to experience the corrosive effects of inflation, Latin American investors are now provided with an alternative investment solution to enhance their portfolios. The Kinesis Monetary system enables LatAm citizens to benefit from easy access to yield-bearing gold and silver, which sits protected in our vaulted, non-banking facility.   As part of Kinesis’ provision for Latin American users, the soon-to-launch Spanish version of the Kinesis Money site will introduce the entire Kinesis product suite in their native language. The expected influx of Latin American clients is set to trigger an increase in global transactional activity within the Kinesis Monetary System, contributing to the yields of all Kinesis users globally.  Remember, transaction volume will be further strengthened by the upcoming launch of the Kinesis Velocity Yield, which rewards users for trading and spending with Kinesis. Future Projects  Following the launch of the Atlas Vault and Atlas Brokers partnership, Kinesis looks to continue to broaden its vaulting network throughout selected regions globally. *Source: Rosati, A. (2021) 'Latin America’s Surging Prices Spell Hard Work for Central Banks'. Bloomberg.

Latifa Alkhanjary
Latifa Alkhanjary

26/10/2021

Send Gold, Silver and Crypto with the Tap of a Button

*** OFFICIAL *** The ‘send-to-email’ payment feature enables Kinesis Money users to send digital assets, with only the email address of the recipient required.  30th September, London: Today, Kinesis Money, the monetary system backed 1:1 by precious metals, welcomes the ‘send-to-email’ function to its platform, facilitating the ease of rapid, secure, and easy gold and crypto payments globally. Importantly, this feature update will reduce any barriers to entry to the crypto and gold investment markets.  With a rapid onboarding of new users to the platform, more will encounter the visibility and relevance of crypto and gold currencies in their everyday lives, opening the door for people to pay anybody in the world for their services, with the click of a button.  Until now, sending crypto payments required information from two parties: a sender and a receiver, to exchange a private key, meaning ‘send-to-email’ will reduce any previous barriers for newcomers to crypto. The function allows instantaneous interaction with a user’s private crypto key via email, eliminating the need to exchange information, thereby making the sending of funds easier than ever.   Thomas Coughlin, CEO of Kinesis, says:  “We wanted to make the Kinesis platform more accessible than ever, eliminating any and all barriers to entry, with a feature that’s going to transform the way crypto payments happen on a global scale. It’s clear that users want the crypto sending process to be both practical and efficient so that digital assets become vital to our transactional lives.” In addition, through the ‘send-to-email’ feature, existing system participants have the opportunity to invite non-users onto the Kinesis Money platform, automatically qualifying them to receive the Referrer’s yield. The Referrer’s yield, launching next quarter, qualifies Kinesis participants for a 7.5% share of every single one of their referee’s Kinesis transaction fees, for life. The ‘send-to-email’ function launches in advance of the retroactive Referrer’s yield, built to trigger a large-scale adoption of the Kinesis Money platform. As the Kinesis system continues its global expansion, this feature will equip senders with a powerful means of entry into the world of digital gold currencies and crypto.

Latifa Alkhanjary
Latifa Alkhanjary

30/09/2021

Kinesis introduces 'Send-to-Email' payment functionality

We are pleased to introduce the ‘send-to-email’ payment feature, which enables Kinesis users to send digital assets to current and prospective users, with only the email address of the recipient required.  The exciting new functionality allows system participants to transfer digital assets, including Kinesis gold (KAU) and Kinesis silver (KAG), as well as Kinesis Velocity Token (KVT), to friends, family or business associates outside of the Kinesis Monetary System. Accessible on Kinesis desktop and mobile applications, the ‘send-to-email’ feature provides a streamlined payment option for all Kinesis users. Importantly, through the ‘send-to-email’ feature, the existing system participants will be able to invite new, potential users onto the Kinesis Money platform, automatically qualifying the sender to receive the Referrer’s yield. Among its many benefits, the new functionality opens up the door for Kinesis users to pay non-users for their services in gold and silver. For those who wish to send funds via email to existing account holders, the new payment preference provides the advantage of selecting your recipient without requesting their wallet address.  Which Crypto Coins Can be Sent by Email? Kinesis account holders can transfer any crypto currently held in their account via the ‘send-to-email‘ process, including: Digital currencies that can be sent via email through the Kinesis Money platform. As Kinesis continues to expand its crypto pairs available, all additions to the platform will also be compatible with this functionality.  What are the Benefits of the Send-to-Email Feature?  The ‘send-to-email’ function provides an opportunity to easily invite friends, family and people you know into the Kinesis Monetary System, enabling the referer to receive a share of every fee taken on every single transaction made – for life. All the sender needs to do to qualify is ensure the recipient has created an account and verified their email address. Remember, the Referrer’s yield entitles a user to a 7.5% share of every single one of their referee’s Kinesis transaction fees. https://youtu.be/PCisZZV_Yu0 How Do I Send Crypto via Email? Both desktop and mobile users who wish to send funds via email can simply follow the usual flow to send digital assets, only choosing the ‘Email’ option when selecting a recipient. The widget provides the opportunity to include a short message in the email to personalise the message or inform the recipient of the reason for payment.  Find a detailed run-through of the process in our user guides here. How Do Non-users Receive Funds Via Email? When a Kinesis account holder is sending crypto to a potential Kinesis user, the recipient will be sent an email with instructions prompting them on how to receive their funds. The recipient of the email will then need to sign up for a Kinesis account and verify their email address, in order to accept their payment. This will ensure that only the person linked to the respective email address will receive funds that are being delivered to them. If the recipient does not accept funds within a 48-hour window, the transaction will expire and funds will be returned to the sender.  How Do Kinesis Money Users Receive Funds Via Email? When a Kinesis user is receiving crypto from another user via email, the funds will automatically be deposited into the recipient's account. The new payment feature is an effective onboarding mechanism, reducing barriers to entry for new users. ‘Send-to-email’ functionality will serve as a powerful catalyst for the adoption of the Kinesis Monetary System, ahead of the release of the Referrer’s yield and the powerful, new referral dashboard, later this year. 

Latifa Alkhanjary
Latifa Alkhanjary

30/09/2021

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