We are proud to announce the launch of a new segregated storage facility for gold and silver coins and bars, now accessible through the Kinesis Mint. This means that users can now bring their eligible* coins and bars into secure, segregated storage within the Kinesis vaults, through the Exchange Physical for Digital (EPD) process. The expansion of the existing EPD program to incorporate gold and silver coins and bars, allows collectors worldwide to convert the fine weight of their holdings into Kinesis gold (KAU) and silver (KAG), and access all the benefits of the Kinesis Monetary System. Industry-first In a first for the precious metals industry, coin and bar holders are now able to bring real-world value to their collections. With users able to spend their KAU or KAG balance earned from the EPD (coins and bars), providing they maintain a ⅔ balance, at the end of each calendar month. Additionally, through EPD (coins and bars), holders can benefit from the security and access of Kinesis’ segregated vaulting, while earning a yield on their holdings, paid monthly in KAU and KAG. Ground-breaking liquidity Previously, if a coin or bar holder wished to gain liquidity on their collection, they would have no choice but to go through the drawn-out and irrevocable process of selling their holdings. Through Kinesis’ new segregated facility, once deposited, users are able to access instant liquidity on their coin or bar holdings, while maintaining the right to redeem those same coins or bars deposited, at any time. Can I redeem my coins and bars? In terms of redemption, the depositor holds the exclusive right to redeem their segregated coin and bar holdings and can do so, at any time, with the applicable redemption fees applied. How does segregated storage work? The coins and bars will be segregated within the ABX cage at the participating vaulting provider, with depositor and inventory details being attached to the deposit record.In circumstances where the coin or bar deposit is below the fineness of .9999 for gold and .999 for silver, Kinesis has implemented strict rules to ensure that 1 KAU remains based on an exact 1:1 allocation of 1 gram of .9999 fine physical gold bullion and 1 KAG remains based on an exact 1:1 allocation of 1 oz of .999 fine silver, and the integrity of the Kinesis Monetary System is preserved, at all times. How does it work? Kinesis users wishing to deposit coins or bars will need to have their coin and/or bar collection assayed at their expense with a service provider of Kinesis’ choosing. The assayer will provide Kinesis with details of the fine weight of the gold or silver contained in each submitted coin and/or bar. Kinesis will only recognise the fine weight of the metal that each coin contains. The fine weight of the gold or silver contained in the coins and bars will then be emitted as KAU or KAG into the depositor’s account. Tried & tested The segregated facility program has already been beta tested and is in use with an anchor investor depositing approximately 1,600 gold coins into the system, with each and every coin being catalogued and photographed. These coins will be represented and publicly available in the next Kinesis audit. Furthermore, we have already received significant interest from major private collectors, as well as other larger entities within the precious metals sphere. In enabling users to digitalise their gold and silver coins and bars, Kinesis is offering users a service unique within the precious metals industry. The new segregated facility opens up the liquidity, security and value of the Kinesis Money platform to an entirely new section of the precious metals market. Find out how to digitalise your coins and bars today. EXPLORE *Click here to see EPD (coins and bars) requirements. *Click here to see fees.
We are pleased to announce that Bitcoin Cash is now tradeable on the Kinesis Exchange. This important addition to the Kinesis Monetary system allows Kinesis users to benefit from the broadening range of carefully selected and the most sought-after currencies on the crypto market. Bitcoin Cash (BCH) is one of the most popular cryptocurrencies available today, currently ranked among the top 15 of all cryptocurrencies, based on its market capitalisation. How does Bitcoin Cash benefit Kinesis users? Bitcoin Cash was created in 2017 as an alternative to Bitcoin with improved scalability and increased block size, which allows for better transaction processing and equips it with a powerful capacity for trading. Bitcoin’s forking into Bitcoin Cash was a result of a drive to move the cryptocurrency into the future, anticipating increasing capacity demands for higher and faster rates of transaction. Bitcoin Cash is often dubbed as fulfilling Satoshi Nakamoto’s real vision of Bitcoin. Designed as an improved medium for daily transactions and multinational transfers, Bitcoin Cash is recognised as a truly borderless currency, with a growing global community of active users. With leading marketplaces now accepting Bitcoin Cash as the standard method of payment, BCH makes a competitive addition to investors’ portfolios, particularly for those making frequent global transactions using crypto. Trading Bitcoin Cash on Kinesis Exchange Kinesis users can now trade Bitcoin Cash with a range of selected fiat pairs, as well as Kinesis native currencies KAU and KAG. Bitcoin Cash market pairs now available on the Kinesis Exchange: More Trading Pairs to Come Kinesis offers traders the ability to incorporate competitive cryptocurrencies into their portfolio, enabling diversification with a focus on selecting the most tradable currencies on the market. Following today’s Bitcoin Cash listing, Kinesis will continue to expand the range of cryptocurrencies available on the Exchange even further. Start trading Bitcoin Cash today. LOG IN
In our latest update, CEO and founder of Kinesis, Thomas Coughlin, would like to share with you the historic achievements of the Kinesis Monetary System in the second quarter of the year and provide further insight into Q3 2021 and beyond. Yield engine launch and Minter’s yield payments distributed With the much-anticipated launch of the Kinesis yield engine in Q2, Kinesis paid out a non-debt based yield on gold and silver for the first time in economic history. On 7th July 2021, Kinesis distributed 14,052 grams of gold (KAU) and 1,686 ounces of silver (KAG) back to the minters of the Kinesis Monetary System. To supplement the engine launch, the Interactive Yield Dashboard was integrated into the Kinesis Money platform interface. The intuitive Yield section introduces the Master Fee Pool chart and the yield dashboard presenting a clear breakdown of circulation, allowing for transparent tracking of all 5 yields that Kinesis system participants will receive monthly. Please note, the Yield Dashboard will be continually enhanced with charts, daily updates then real-time updates being implemented over the remainder of the year. The Kinesis community, as well as the wider precious metals community, look forward to the rollout of the remaining 4 Kinesis yields throughout the year, starting with the Holder’s yield. Indonesia The resurgence of COVID-19 within Indonesia has caused country-wide lockdowns, 100% work from home mandates and the banning of any public events, which has resulted in delays in the wide-scale roll-out plan for PosGO Syariah. Unfortunately, these are events and third-parties that we have little control over. It has been both the PT POS and the Indonesian government’s goal to launch PosGO Syariah to the widest possible audience at the start, to generate momentum and thus account take-up. Once the current health crisis facing Indonesia has been curtailed (not eliminated), the PT POS and Government plan for PosGO Syariah will be initiated. That said, there is a small silver lining to this delay: During this period of pre-countrywide launch, Kinesis has expanded our operation in Jakarta including the addition of a highly experienced IT development team and a head of Indonesia business development. The Kinesis Jakarta team, in conjunction with Kinesis head office, have been active in adding additional features and services to the PosGO Syariah app that will significantly enhance the product offering and thus, adoption. Such additions include the integration on to the PosGo Syariah app of other major local banks (including BCA and OCBC), as well as integrations with multiple large Indonesian e-wallet and payment companies, such as OVO (owned by Grab), Gopay (owned by GoJek), E2Pay and Linkja. At least one or more of these e-wallet payment services are accepted by 80+% of all brick and mortar and online merchants across all of Indonesia. Once we have a more firm timeline for the country-wide launch of PosGO Syariah, we will update the community. On a final note, all of the products and services on PosGO Syariah have been replicated for the other major roll-outs: NUGold, JFXGrit, etc. and a sequenced launch of these will follow close behind PosGO Syariah. All-New Kinesis website Over the last five months, the Kinesis team has focused on rebuilding the company website. The result of the combined effort of the design, content and development teams provides a new segmented site structure, tailored to the vertices we are targeting: personal finance, investing and trading. Following consultation from a high-profile external UX agency, the information architecture and user experience of the new site has been carefully constructed to make Kinesis accessible to each of our target markets. The complete redesign of the website breaks down every aspect and product of the Kinesis system, providing a smoother access point for new users to explore the Kinesis offering. The new site is currently in its final stages of performance testing, and with excitement mounting around the launch of the Kinesis yield engine, the release will provide the perfect platform to introduce new users to the Kinesis Monetary System. Recruiting and hiring We have dedicated significant time and resources to restructuring and building out our team to handle significant future scaling in the Kinesis operation. This has included heavy recruitment across our Customer Support, Account Executive, Marketing and Technology functions. The Kinesis team has increased in size significantly this year in line with the exponential growth we have been experiencing, with noteworthy additions across most departments. Both the Customer Service and Account Executive team numbers have been bolstered, with a total of 10 Customer Service Agents and 10 Account Executives spread across the globe to assist and act as a personal point of contact for our global user base. New recruits will continue to join and undertake training in the coming months. We have also appointed a Head of Sales, who is responsible for the coordination of efforts of the Account Executive teams to keep the Kinesis Community well briefed and supported across all things Kinesis. Welcome appointment of Chief Technical Officer. One particularly noteworthy addition to the Kinesis team comes in the form of our new Chief Technical Officer, Jason Noorman. Jason Noorman joins us with a wealth of experience, having previously worked in fintech, telecommunications, insurance and most recently as CTO for The Pepperstone Group, a leading retail forex and CFD broker. Kinesis UK & EU Debit card program update Due to a delayed regulatory process largely resulting from the COVID-19 pandemic and related government shutdowns and restrictions, this card program will not initially be operated from Kinesis in Liechtenstein, with the new EEA entity established to launch this program in partnership with Contis. Kinesis Monetary system expansion and upgrades LTC Kinesis once again expanded its range of cryptocurrencies, with the addition of Litecoin (LTC) made available for trading on the Kinesis Exchange. The leading crypto asset offers a choice investment, and widens the range of trading pairs available to Kinesis users, enabling the trade of Litecoin with a range of fiat pairs and crypto assets, as well as Kinesis gold and silver-based digital currencies, KAU and KAG. CSV Alongside the launch of Litecoin onto the Exchange, we recognise that successful investing entails accurate, transparent record keeping. In order to simplify this process, Kinesis integrated CSV transaction statement functionality, viewable through the Accounts tab or from the Kinesis Exchange itself. CSV (comma-separated values) file statements are a reliable choice of integration for Kinesis members for accessing downloadable trade data for tax purposes. Multi-currency deposits In an important update for the global Kinesis community, the introduction of multi-currency deposits, allows Kinesis users to deposit in an additional 9 major currencies. The new deposit feature enables users to deposit in 9 native currencies, with their deposit automatically converted to USD at a favourable exchange rate. The update brings greater access and value to Kinesis users worldwide, enabling them to deposit funds in their preferred currencies. Exchange Listings Kinesis was proud this quarter to announce its listing on the BHEX Exchange, meaning that users can buy, sell or trade Kinesis native currencies KAU and KAG gold outside of the Kinesis Monetary system. As our first official external listing on a leading, technology-driven exchange platform, this marks a mammoth step forwards in the international adoption of the Kinesis Monetary System. Looking ahead to Q3 EPD (coins and bars) – Segregated Facility We are proud to announce the launch of a new segregated storage facility for gold and silver coins and bars, enabling users to bring their eligible* coins and bars into secure, segregated storage within the Kinesis vaults, through the Exchange Physical for Digital (EPD) process. The expansion of the existing EPD program to incorporate gold coins and bars, allows collectors worldwide to convert the fine weight of their holdings into Kinesis gold (KAU) and silver (KAG), and access all the benefits of the Kinesis Monetary System. What are the benefits? Through EPD (coins and bars), coin holders can benefit from the security of Kinesis’ segregated vaulting, while earning a yield on their holdings, paid monthly in KAU and KAG. How does segregated storage work? The coins and bars will be segregated within the ABX cage at the participating vaulting provider, with depositor and inventory details being attached to the deposit record. In circumstances where the coin or bar deposit is below the fineness of .9999 for gold and .999 for silver, Kinesis has implemented strict rules to ensure that 1 KAU remains based on an exact 1:1 allocation of 1 gram of .9999 fine physical gold bullion and 1 KAG remains based on an exact 1:1 allocation of 1 ozt of .999 fine silver, and the integrity of the Kinesis Monetary System is preserved, at all times. Can I redeem my coins? In terms of redemption, the depositor holds the exclusive right to redeem their segregated gold coin and bar holdings and can do so, at any time, with the applicable redemption fees applied. A full breakdown of the new segregated storage facility can be found on our new EPD page – here. How does it work? Kinesis users wishing to deposit coins or bars will need to have their coin and/or bar collection assayed at their expense with a service provider of Kinesis’ choosing. The assayer will provide Kinesis with details of the fine weight of the gold or silver contained in each submitted coin and/or bar. Kinesis will only recognise the fine weight of the metal that each coin contains. The fine weight of the gold or silver contained in the coins and bars will then be emitted as KAU or KAG into the depositor’s account. Yields With the successful distribution of the Minter’s yield behind us, the remaining Kinesis yields will be brought online and paid out throughout the year. As it stands, the total amount designated for all 5 Kinesis yields is made up of 147,549 grams of gold (KAU) and 17,706 ounces of silver (KAG). The next yield to come online will be the Holder’s yield, which will see our users receive a passive yield paid on every single gram of gold and silver held with Kinesis. Currently, the Holder’s fee pool contains 42,156 grams of gold (KAU) and 5,059 ounces of silver (KAG), with a dollar value of $2.58 million, at the time of writing, all waiting to be distributed back to the holders of the Kinesis Monetary system. The payout of $2.58 million dollars worth of gold and silver back to our users, simply for holding their precious metals with Kinesis, free of charge, stands to act as a powerful catalyst for the growth of the Kinesis system. Following the Holder’s Yield and also coming in Q4 will be the Referrer’s Yield. The current value of this yield to be distributed back to referrers is 21,078 grams of gold (KAU) and 2,529 ounces of silver (KAG) with a combined dollar value of $1.29 million, at the time of writing. This yield combined with the scheduled release of new functionality will allow existing users to send KAU, KAG and other cryptos to non-users via email and later SMS will incentivize and supercharge the phased organic expansion of the Kinesis Monetary System. Whitelabel Services Over the course of Q3 and Q4, we are driving forward with our Whitelabel application development and are set to deliver a Whitelabel model to partners over this year and into 2022. Kinesis will deliver gold savings, trading and banking services to a wide array of our partners, with several contracts already in place for these services in various regions. Although we are unable to reveal details at this time, we look forward to sharing these exciting partnerships with the Kinesis community in due course. Further exchange listings Following our first successful listing, we will celebrate the integration of Kinesis native currency onto Emirex and P2PB2B exchange platforms. With these future listings, we will continue to establish the growing global presence of Kinesis digitalised physical gold and silver, by augmenting its trade capacity, both inside and outside the Kinesis Exchange. Audit update At present, the COVID-19 restrictions enforced within Australia are still preventing the independent third-party auditors engaged by Kinesis from conducting audits of the Kinesis’ vaults located in Australia. As soon as restrictions are lifted, we will be able to provide an updated time frame for Kinesis’ biannual independent audit. New Product & Program Development We wish to advise that we continue to work on new products and programs within KMS, all of which are exciting and compelling. All current product and program works will be released throughout the course of this calendar year with a number of releases during Q3. Details will be forthcoming at the time of release. New roadmap Alongside the launch of our new website, we are proud to publish the updated Kinesis roadmap, which maps out the milestones that will mark our progression throughout the rest of the year. Summary With Q3 underway, it’s important to reflect on what has been a historic year for Kinesis, thus far. In paying out a yield on gold and silver, we’ve achieved what thousands of years of economic history could not. The yields sitting in the accounts of Kinesis minters, serve as proof that our ambitious vision of a fair monetary system, rewarding all who participate, is well on course to being fully realised. We must all pause to consider that Kinesis’ already impressive growth has taken place without the key feature of Kinesis, the yields, being online. Further, in understanding high-level commercial strategy and potential, Kinesis at this time has only opened itself up to the precious metals investment community. This market is unfortunately a relatively small market in comparison to the greater investment, payment & banking and crypto markets, which we will be sequentially targeting with compelling differentiated value throughout this year and next as we release new services. The Kinesis team has been restructured and we have been aggressively recruiting to be able to rapidly scale our operations in other markets as other core services come online. Our strategy and corporate positioning will also become apparent as we roll-out across different markets across the globe. We have kept our powder dry to date, but positioned ourselves well to capitalise on macro trends and events. As the remaining yields are brought online, we will begin ramping up our marketing and commercialization efforts. Over the course of 2021, we anticipate a significant influx of new users, as awareness of the unique opportunity, Kinesis presents grows within the precious metals space and beyond. As we venture into the year ahead, make sure to take a glance at the new roadmap that details what you can expect from Kinesis in Q3 and Q4. Best regards, Thomas Coughlin
In a monumental step forward for the Kinesis Monetary system, we are delighted to announce that the Kinesis yield engine is now online. The yield engine launch represents a historic moment for both Kinesis and the precious metals industry as a whole, offering a yield on precious metals for the first time in economic history. Industry-first yield on gold and silver Historically, one of the most significant stumbling blocks in precious metals investment has been the lack of yield. This, coupled with costly storage fees, with banks charging as much as 1.5% annually, has hindered investment in some of the most reliable stores of value in economic history - gold and silver. In an industry first, Kinesis now proudly provides a reliable and perpetual yield on fully allocated precious metals, which are securely held within world-class vaults, without charge. This allows Kinesis system participants to not only earn a yield on their gold and silver, but also avoid the usual charges associated with owning and investing in them. This represents a true paradigm shift in the traditional economic model for precious metals and an evolutionary step for Kinesis currencies. How is this possible? Kinesis set out to revolutionise the industry and the launch of the yield engine represents the culmination of years of hard work and technological innovation, with Kinesis now perfectly poised to usher in a new era in precious metals. Traditionally, the profit model used by bullion dealers relies heavily on spread mark-up, along with bullion storage and insurance fees. Kinesis uses the transaction fees from every single transaction in the system to pay for the vaulting and security infrastructure for all Kinesis Monetary System participants. We are able to offer Kinesis users chargeless storage on their precious metal holdings, by utilising the robust vaulting network of its parent company, ABX. Additionally, a share of Kinesis global transaction fee revenue is allocated to cover vaulting costs. Simply using the Kinesis system effectuates free storage for all system participants, removing barriers from entry in precious metals holdings. Kinesis believes in an ethical, honest system, which rewards users by giving back over half of its transaction fee revenue. This covers the costs for our community whilst also providing a significant yield; supporting a viable alternative to fiat as an everyday currency. Through sharing our profits, we have been able to create an incentive to transact gold and silver, crucial for realising our vision of bringing back the use of precious metals as currency in the global economy. The first aspect of the historic yield engine to be brought online is the Minter’s yield. The Minter’s yield The Minter’s yield rewards Kinesis users for minting and using KAU and KAG. As the currency created travels through the Kinesis system, minters are paid a monthly yield in gold and silver - forever. This will represent a payout for the 70,000+ users who have supported the Kinesis Monetary System with their engagement and participation over the past few years. The Minter’s yield is based on the velocity of Kinesis currencies, KAU and KAG. Velocity simply means the transaction fees that are accumulated from the sending, spending, and trading of KAU and KAG. All the fees are accumulated and redistributed back to the users, where the higher volume of transactions is equal to higher yields for the minters. This highly incentivizes the use of the currency. You can discover more about the power of minting, here. What happens next? Now that the yield engine dashboard component is live, we will begin a week-long period allowing for any remaining wallet address linking. Once this is completed on 7th July, the first Minter's yield will be paid to all eligible minters for all retroactive minting between April 2019 and the 30th of June 2021, in a single payment. Address Linking If you have only ever minted to the Kinesis Money platform via the Mint, your account should automatically be linked and no further action would be required. Although the vast majority of Kinesis users will be required to take no action, we still urge all participants to check that all addresses previously minted to are listed in the address linking widget on the platform. Those who have previously minted to an external wallet, such as a Kinesis wallet or CoolWallet, will be required to prove ownership of that wallet by linking it. We would like to emphasise that all unlisted addresses will not receive a yield. This is why it is imperative that all users follow the steps to ensure all addresses previously minted to are linked and listed. A comprehensive linking guide can be found here. User Interface From July 1st, the all-new yields tab will allow system participants to keep track of their yield eligibility, as well as monitor the total KAU and KAG in circulation and total Master Fee Pool amassed across the entire Kinesis system. Currently, the ‘Master Fee Pool’ chart on the Yields dashboard displays the fee pool allocated for all 5 Kinesis yields up until May 30th, with the figures for the month of June to be updated tomorrow, 1st July. On July 7th, when the Minter’s yield is paid out, Kinesis users will be able to receive and track their Minter’s yield payments, paid monthly in gold and silver, through the Kinesis Money platform. On this date, the main section of the Yields tab will display ‘Total yields received to date’, individually and accumulatively, as well as a more detailed graphic breakdown of the Minter’s yield. As the remaining yield payments go live, the respective graphic displays will be brought online for each yield. This yield dashboard feature, currently available on the Kinesis Money platform, is only the first iteration, with more exciting and extensive features set to be added in coming updates throughout the year. How does the Minter’s Yield Work? The Minter’s yield is based on the velocity of the currency and derived from a perpetual share of transaction fees from the KAU or KAG the minter created in proportion to all KAU and KAG in existence. Because a minter converts another currency into digitalised physical bullion, that minter has brought KAU and KAG into existence for the first time. Once that user then sends, spends or trades them, they have now contributed KAU and KAG currencies into the Kinesis Monetary System. They are rewarded with a 5% share of all Kinesis transaction fees proportional to the amount they have minted and spent compared with the total KAU and KAG in existence. The more currency that is minted and sent into the system by the minter, the greater the recurring financial reward will be. 5% of the Kinesis Master Fee pool is allocated to the Minter’s Yield fee pool. This 5% is then distributed among all users who are eligible for the Minter’s yield. Read here for an in depth breakdown of how the yield is calculated. Am I eligible for the Minter’s yield? Minting is an active yield, meaning for minted currency to be eligible to receive a yield it must be transacted (either by sending, spending, or trading). See our helpful step-by-step guide - here. What’s next for the Kinesis users? The new Kinesis website has been developed over the course of the last 3 months and will be launched tomorrow in-line with the roadmap set out earlier in the year. The top-to-bottom website redesign and restructuring, positions our brand tailored towards our core target segments and enables a far greater assimilation of the Kinesis Monetary System. Extensive research and development has gone into the UX (user experience) flow which has been incorporated into all design considerations in order to provide a seamless and engaging user experience. Now that the first yield engine has been released, we will monitor progress to ensure a smooth launch and provide support to eligible minters. Subsequent yields will be brought online and rolled out throughout the year, starting with the Holder’s yield. The Holder’s yield offers users a passive yield on every single gram of gold and silver held with Kinesis. The yield is paid monthly in gold (KAU) and silver (KAG) for as long as users hold their precious metals with us. A purely passive yield, the Holder’s yield has been designed to compete with bank deposits, stock dividend yields and rental property returns. Kinesis holders simply enjoy the benefits of the economic activity of the system, while holding their precious metals in our secure vaults, with no storage fees. Keep an eye on your inbox for more upcoming news about what is set to be a historic year for Kinesis and all system participants. Find out everything you need to know about receiving your Minter’s yield. VIEW MINTER’S YIELD
Kinesis has introduced an additional 9 fiat currency deposit options, available on the Kinesis Platform from today. We have extended our current fiat deposit options, which now include a wider range of major currencies. In addition to our existing US Dollar, British Pound Sterling and Euro options, Kinesis platform users will now be able to make USD deposits using 9 additional native currencies that will be automatically converted and added to your USD balance. You can currently access Multi-Currency deposits through the Kinesis Money desktop interface, with the Kinesis mobile app adding the functionality at the beginning of July. For the time being, app users can simply access the multi-currency deposit via the desktop deposit function. Now accepting 12 Foreign Currencies for USD deposits: How does it work and what are the key differences? The 3 fiat currencies that are used on the Kinesis Exchange marketplace are GBP, EUR and USD, with the US Dollar as the default option. Kinesis users can still deposit their money EUR-to-EUR and GBP-to-GBP, with the process for depositing British Pound and Euro remaining unchanged. Kinesis system participants, wishing to make a deposit using one of the above native currencies can do so and will have their money automatically converted into US Dollars. A favourable mid-market rate will be applied with our foreign exchange banking partners OCBC Indonesia, and the funds then added to your USD balance. The depositing dropdown menu is now accessible through the ‘Deposit’ icon within the Kinesis Money desktop interface. How do Multi-Currency deposits benefit Kinesis users? The Multi-Currency integration delivers greater accessibility and simplicity for Kinesis users, who can now experience the benefits of depositing their money in a more streamlined, efficient and cost-effective manner. By offering a wider array of depositing options to choose from, Kinesis localises the customer experience and enhances the convenience level for existing platform users, by allowing them to choose their local currency at the point of deposit. Importantly, the latest platform update brings greater access and value to Kinesis users globally, enabling them to deposit money in their preferred currencies. View our new currency range and make a deposit today.
We are excited to announce that Litecoin and CSV trade transaction statement exports are now available on the Kinesis Exchange. In another important expansion of the Kinesis trading ecosystem, Litecoin (LTC) is now tradeable on the Kinesis Exchange. Additionally, we have introduced the CSV transaction statement export functionality enabling Kinesis users to easily download a report of their trade transaction history for tax purposes. Litecoin The leading crypto asset makes a valuable addition to the ever-widening range of trading pairs available to Kinesis users. Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software, which, at the time of writing, boasts the 15th largest market cap of all crypto assets. Kinesis users are now able to trade Litecoin with a range of fiat pairs and crypto assets, as well as Kinesis gold and silver-based digital currencies, KAU and KAG. The LTC market pairs now available on the exchange: CSV Export Functionality In an important update for Kinesis users, CSV transaction statement export functionality is now available on the Kinesis exchange, enabling all system participants to export a statement showing all of their trade transactions, for tax purposes. How does it work? Kinesis users can simply download their trade data, within a specified period, from the Recent Transactions in the Accounts tab or from the Kinesis Exchange interface itself. The tax data is available for download in both spreadsheet or PDF format. Kinesis will provide users with the additional components of this release in the coming months, including export functionality for holding statements, debit card transaction statements, as well as account balance statements, detailing deposits and withdrawals for all assets. Looking ahead, we are working in the background to enable API integration for more seamless tax integration. Following on from the recent addition of GBP trading pairs and today’s Litecoin listing, Kinesis will continue to expand the range of trading pairs available to Kinesis users. Start trading Litecoin today. LOG IN
We are proud to announce that Kinesis Money has successfully listed Kinesis digitalised physical gold (KAU) on the world-renowned BlueHelix cryptocurrency exchange. Kinesis KAU has officially launched on BHEX today, facilitating the seamless integration of Kinesis digitalised gold into the BlueHelix trading system. The inclusion of Kinesis currency on BHEX enables unrestricted access to KAU globally and allows users to buy, sell and trade KAU pairs outside of the Kinesis Monetary platform. Kinesis digitalised physical silver (KAG) will follow closely behind and its upcoming listing on BHEX is planned in the near future. What does it mean for Kinesis users? We wanted to update the community on this accomplishment, as these listings are a significant milestone for Kinesis and a pivotal step in broadening the adoption of the Kinesis Monetary System on a global scale. Enabling KAU and KAG transactions outside the Kinesis Exchange will further build the reputation of our digital assets within the global crypto community as well as bolster our trade volume considerably. The BlueHelix Exchange Trading Platform The BlueHelix Exchange (BHEX) is the leading technology-driven cryptocurrency trading platform, backed by 58 first-class institutional investors, including such giants as Huobi and OKEx - the most widely used crypto exchange platforms within the Chinese crypto community. Launched in December 2018, BHEX is currently placing itself among the top 15 cryptocurrency exchanges in the world by transaction volume. BHEX offers crypto to crypto trading, providing customers with spot, contract, OTC, options and staking products and services in a decentralised and minimally regulated environment. What’s next for the Kinesis digital assets expansion? The addition of KAU to the BlueHelix Exchange is a significant step in the global expansion process of Kinesis. The momentous widening circulation range of Kinesis-native digital assets indicates marked progression and has beneficial implications for all participating in the Kinesis Monetary system. As a monetary system, Kinesis has forged ahead towards a stable monetary future, delivering a universally applicable and intrinsically valuable asset to a wider public. A digital currency tethered to gold (as opposed to fiat, eg. US dollar), which guarantees a timeless and reliable store of value is of immeasurable importance in these unprecedented times of instability. Crucially, digitalised physical gold (KAU) is equipped with the borderless value and efficiency of cryptocurrency, but none of its inherent volatility. The Blue Helix Exchange is just the first of a number of trading platforms, on which our native currencies will soon be listed. Our team is currently working on incorporating Kinesis gold (KAU) and silver (KAG) into several carefully selected crypto and precious metals exchanges, offering the best quality reassurance on the financial market. Keep an eye on your inbox, as we will be updating our system participants on the upcoming exchange listings in the near future.
As CTO, Jason Noorman brings a rich blend of industry know-how and innovative leadership. The new Chief Technology Officer comes with a wealth of experience, having previously worked in fintech, telecommunications, insurance and most recently as CTO for The Pepperstone Group, a leading retail forex and CFD broker. The significant appointment is emblematic of the exponential growth Kinesis is currently undergoing. Mr. Noorman joins Kinesis at a crucial stage in the expansion of the company, whose ambitions stretch beyond the purely monetary. At the beginning of April, Kinesis successfully launched a government-backed project in Indonesia, in one of the largest public-private partnerships in economic history. The PosGO Syariah Ecosystem is designed to leverage economic benefits to the financially underserved nation of Indonesia, and revolutionises the entire nation’s access to financial services. Crucially, this project shows how the Kinesis technology can be applied on a global scale, with more national-level projects underway. How will Noorman add to the value of Kinesis? Noorman has demonstrated success in delivering large business technology and transformation programs. The experienced CTO is a technology leader with a track record of bringing clarity and direction to strategic business decisions, enabling immediate savings and assuring future, profitable business growth. What’s next for Noorman and Kinesis? 2021 is set to be a year of exponential developmental and commercial growth for Kinesis. With the impressive roadmap going forward and the well-awaited UK & European card launch coming in Q2 this year, Kinesis is ready for the next phase in the company's commercialization. Kinesis Money CCO Jai Bifulco said“We are looking forward to working with Jason as our new CTO as we continue to lay the foundations of sustainable success across the globe. Jason Noorman’s valuable experience in digital transformation and technology development will bring additional robust management procedures into the company and take the Kinesis system to the next level.” Kinesis Money CEO Thomas Coughlin said “We are delighted to have such an acclaimed specialist joining Kinesis. We believe that with his assistance we'll be able to positively surprise our community with our progress and innovation we can bring to the market.”
Kinesis introduces British pound (GBP) trading pairs, available on the Kinesis Exchange from today. As well as trading GBP pairs on the exchange, Kinesis users are now able to simply buy or sell gold, silver and crypto in pound sterling via the Kinesis Money dashboard. The exciting addition of the pound (£), delivers greater access, value and simplicity for Kinesis users holding the British currency. Welcome news for the many UK-based Kinesis users, the inclusion of the pound marks another step in the progression of the Kinesis Money (KM) platform. With the addition of Pound sterling, UK-based traders and investors are now able to experience the benefits of the KM platform in their everyday, local currency. For the rest of the global Kinesis community, the availability of the pound presents trading opportunities across a wider variety of pairs. Additionally, Kinesis users from the UK now have the advantageous option of depositing and withdrawing funds in Pound sterling, without the need for conversion. What can I trade on the Kinesis Exchange? The latest addition to the platform means Kinesis users now have the ability to trade Pound sterling against all other assets on the Kinesis Exchange, including Kinesis gold and silver-based digital currencies, KAU (Gold) and KAG (Silver). The Kinesis Exchange provides simple, convenient and low-cost trading between: Pound sterling (GBP)Kinesis gold (KAU)Kinesis silver (KAG)Bitcoin (BTC)Ethereum (ETH) Following on from the addition of Bitcoin and Tether last year, Kinesis will continue to diversify our trading ecosystem. More news for UK-based Kinesis users In another important announcement for our UK users, Kinesis is launching the UK & European physical Kinesis Visa Card program in Q2 2021. The physical Kinesis VISA card enables cardholders to instantly liquidate and spend their physical precious metals or cryptocurrency, anywhere in the world VISA is accepted. With high limits and global cash withdrawals, the physical card connects Kinesis currencies with everyday banking. The addition of GBP trading pairs represents another important milestone in the progression and global accessibility of the Kinesis Money (KM) platform. Kinesis will continue to establish the Kinesis Exchange as a borderless trading hub and the premier platform for trading digitalised physical precious metals and cryptocurrency globally. View our new pairs and make a deposit today. LOG IN
In partnership with ABX and PT Bullion Ecosystem International, Kinesis has launched the first government-backed, sharia-compliant, gold-based financial infrastructure ever created. Jakarta, London, 16th April 2021: Kinesis is happy to announce the soft launch of PT Pos Indonesia’s physical gold-based digital Sharia product, PosGO Syariah. PosGo Syariah is the first Islamic mobile ecosystem business in Indonesia, as supported by the Sharia Supervisory Board formed by the National Sharia Council. With full backing from the Government, the Sharia-compliant platform enables Indonesia’s predominantly Islamic population to manage their wealth, trade, save and transact in the debt and interest-free gold bullion via mobile device. The nationwide reach of the government-run postal service, PT Pos, opens up the shariah-compliant, economic stability of physical gold to the entire population of Indonesia, including unbanked and underbanked communities. As the largest non-bank institution in Indonesia, PT Pos is positioned to offer the Indonesian population financial access through 24,000 physical service locations across the country. Through integrating the Kinesis technology and monetary system, the PosGO Syariah app provides Indonesian citizens with ‘PosGold”, a digitalised physical gold trading platform and ‘Switch’ for real-time peer-to-peer transfers of both gold and fiat balances. The platform also offers ‘Pos Pay’ a payment gateway and E-Wallet service and ‘Gold To Mecca’ a gold-based community savings program for Hajj and Umrah pilgrimage trips. This partnership between PT Pos, Kinesis, ABX, ICDX and PT Bullion Ecosystem International is one of the largest public-private partnerships in economic history. The platform is live and being rolled out firstly to PT POS’s 45,000 employees. In subsequent months, the platform will be rolled out nationwide across Indonesia. Key representatives, including the President Director of PT POS and top government officials, will present the mobile application along with the vision for Indonesian financial services at a press conference on May 21st 2021. PT POS Corporate Spokesman said: "PosGo Syariah is a large ecosystem that integrates many parties to be able to actively conduct trade, business, service, utility, financial transactions as well as an ecosystem that integrates the supervisory work processes of all regulatory agencies in Indonesia with the aim of improving the quality of protection for the community as consumers and forming a systematic solution ecosystem for a better community life." Thomas Coughlin, Chief Executive Officer of Kinesis, said: “This a pivotal moment in the Kinesis journey. We are proud to be working with the Indonesian national government and all the partners involved in this momentous project. People are increasingly moving away from traditional currencies and I am humbled to present Kinesis as a robust and scalable solution for digitalised and mobilised gold as a currency. “Crucially, this project shows just how the Kinesis technology can be applied in the real world at a national level. Through public-private partnerships, which are a core part of our DNA and driver for innovation, we will continue to work with nations across the world to deliver viable solutions for the transformation of an outdated monetary system.”