On the 4th of June 2019, the 2nd Annual Blockchain for Impact Global Summit was held at the United Nations HQ in New York, with focus on Frontier Technologies Powering Blockchain. Hosted by the Blockchain Commission for Sustainable Development, the focuses were: Member States Leadership on Frontier Technologies for the SDG’s Women Powering Blockchain Blockchain and Africa: The Next Frontier Blockchain Platforms for Good Ocean Action and Stewardship Digital Identity and the Blockchain The themes were designed to deliver insightful and positive social and environmental impact around the world. The focus is designed to encourage more diversity, education, and government engagement and support in the blockchain sector to deliver profound and positive social and environmental impact around the world. The vision of the commission was for the deployment of drastically creative decentralized solutions over issues such as; conservation of natural resources, economic growth, empowerment of all communities, financial security and the protection of the integrity of democratic systems for the benefit of humanity. The Commission suggests that the transformative power of blockchain technology is not a threat to existing systems of governance, but rather, should be seen as an opportunity for national and international institutions to defend the rights of those they represent. Members of Blockchain for Impact were invited to participate in shaping the narrative, mission and mandate of blockchain technology to help embed solutions that are impact driven and socially conscious. Kinesis CEO Thomas Coughlin took to the stage to give a well-received speech at the panel for platforms disrupting the blockchain and activating impact at scale, inaugurated by Vice-Chair and Summit organizer, Sergio Fernandez de Cordova. In his speech, Thomas gave an overview of the Kinesis Monetary System, how both the public and private sectors, can come together and empower the average individual to have more control over their finances through the use of digital assets. “Financial inclusion plays a big role in advancing all SDG”, Stated Thomas Coughlin “in a digital economy people can access financial services with greater ease and have privacy and security over their money.” In addition to this, he used recent developments with the Indonesian government as a case study for how underdeveloped countries, not just people, can benefit from the utilisation of blockchain technology as a payment solution, based on how his technology currently works with physical gold and silver. When explaining the current state of the blockchain industry Thomas stated, “What I’m seeing at all levels of society is an awakening of the benefits, value and impact that blockchain can have, filtering through all of our societies, and how it’s changing the world. This is what we see ourselves doing here at Kinesis”. This statement resonated well with those in attendance at the Summit and the question was then raised as to how is blockchain technology impacting governments and citizens in developing countries and how the Kinesis platform will be impacting individuals in these societies. To which Thomas replied, “In developing nations, there’s a high degree of instability, inefficient practices and problems with financial literacy. In Indonesia Kinesis is developing a digital commodities exchange to create rules and mechanics that help eliminate corruption, provide transparency and increase tax revenues for the nation. Kinesis solves this in the space of 30 seconds, they could pay their bills from their mobile phone or send money abroad for a fraction of a percent making it a much more efficient payments system.” After the panel Thomas, and other members of the Kinesis team, received a large amount of interest from attendees, many of which converted to further meetings and potential partnerships could be formed in the near future. A link to watch the panel can be found here. For more information about the Kinesis system please visit Kinesis home page.
London 4th June, 2019: Today, Kinesis Money announces the initiation of its UK and EU debit card program with Contis Group, the award-winning platform as a service (PAAS) that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4. The release of these EUR and GBP-denominated debit cards will cement Kinesis’ position in the market as a formidable global fintech player. The Kinesis debit card will allow Kinesis’ clients in the UK and Europe to easily and efficiently use their Kinesis currencies to make purchases anywhere that has a merchant facility, as well as withdraw funds via global ATM networks. Kinesis is an evolutionary monetary system using the real assets of gold and silver as the basis for digital currencies. These currencies provide a 1:1 allocation of physical bullion, with the transaction fees accumulated whenever the currencies are sent, spent or traded and then proportionately redistributed to Kinesis currency and token holders as a velocity-based yield. These yields grow as the user base grows and recur forever, creating a monthly income for users, against everyday transactions and holdings. The new debit card is to be powered through a partnership between Kinesis Money and Contis which enables customers to leverage their extensive partner network. Contis Financial Services Ltd is authorised by the Financial Conduct Authority. The Kinesis debit card is set to be integrated into the highly anticipated Kinesis Monetary System, scheduled to launch in Q3 2019, providing seamless spending and management of the Kinesis, blockchain-based, gold and silver-based currencies. Thomas Coughlin, CEO of Kinesis Money, comments: “It’s a positive step for us, as this partnership with Contis represents an important step in the release of our pioneering Kinesis Monetary System. The global shift towards agile banking is picking up momentum, and Kinesis is setting a precedent in this banking evolution. The new Kinesis Monetary System and associated debit card aims to provide a stable, trustworthy platform based on physical gold and silver currencies that consumers are looking for.” Flavia Alzetta, CEO of Contis, comments: “Contis is excited to be moving forward with Kinesis Money who have an exciting potential and ambitious plans. As their partner for their card issuing and account, Contis’ highly configurable and reliable platform will enable Kinesis to scale as they grow. We look forward to partnering with them on that journey.”
Kinesis are proud to announce that as of today (17/05/19), we are now accepting ETH and BTC as part of the minting process on the Kinesis Mint1. By enabling Bitcoin and Ethereum payments those who are interested in taking part can now deposit their currency of choice, which we will then convert into $USD; ready for minting2. From here, you can proceed with the minting process as you would using fiat and receive your specified quantities of KAU and KAG. Those looking to keep up-to-date with the quantities minted, can do so via the Kinesis Explorer which tracks all minted-related transactions, including the exchanging physical metals for digital. 1 Minting is only available to current KVT holders. 2 Participants based in the United States, are required to be accredited investors.
"The success of Africa will not be determined by the success of her corporations, but rather by the success of her communities" - Kinesis Africa is a continent that has garnered a lot of attention and found itself in the blockchain spotlight. With a strong case for utility across a wide range of applications, the emerging market has seen increased popularity from international companies and local startups alike. The general consensus is not about using blockchain to do a patch job on the continent, and provide a quick fix, but by giving many African countries a real chance to fully embrace blockchain technology, to a degree even more so than their first world counterparts - with a real opportunity to become world leaders in this new space. With centralised banking in Africa being unreliable and in some cases, near non-existent, there is a great need for payment solutions that not only are trusted by the general population but also offer ease of use. This is where blockchain offers a low-cost, swift solution, negating expensive remittance fees and allowing money to change hands quickly, securely and with a level of transparency that the current system lacks. With over 16 million mobile payments taking place daily on one payment platform in Kenya alone, East Africa is already cementing itself as the lead in mobile money payments, not only within the continent but on a global stage. Amongst the most goods and services purchased, is mobile airtime - with contracts being expensive, people find themselves topping-up daily. However, blockchain aims to not only make these payments easier but also cost-efficient. This is especially prevalent in both developing and rural areas in Africa which lack access to financial services and institutions. This is an area in which blockchain payments really flourish, opening doors to the innovative solutions offered, such as Kinesis. Kinesis aims to not only be able to positively empower people through their ability to handle money with ease but also to contribute to socio-economic development, which is especially relevant across the African continent. By being able to give users the freedom to transact across borders, and rely on a stable currency backed 1:1 on allocated gold and silver, Kinesis’ goals to restore confidence in personal economic wealth is further bolstered by its unique yields; allowing you to receive a proportionate return from its overall fee pool. Introducing two key advisors for the East and West African regions We’re pleased to announce Kinesis is expanding into Africa to provide payment solutions for the vast unbanked and underbanked population. CEO, Thomas Coughlin and CMO, Jai Bifulco will be touring the African subcontinent with back-to-back events scheduled. The first stop will be in Kenya, Nairobi for the CIO East African Fintech Summit on May 22nd 2019. Mr. Bifulco will be contributing as a panellist and discuss the tokenisation of precious metals through progressive blockchain technology and how this can benefit the region. Following this event, the pair will be off to Lagos, Nigeria for the 2019 Blockchain, AI and Digital Assets Summit commencing on the 23rd of May 2019 where they are both scheduled to speak in an effort to encourage policymakers and government officials to see the huge potential Kinesis can offer. In addition to these events, there are a series of meetings with potential investors, government organisations and regulatory bodies to begin discussions around partnership and collaboration opportunities. In line with this recent development in Africa, Kinesis is proud to announce the appointment of two new advisors from the region: Chimezie Chuta Chimezie Chuta is the Founder of Blockchain Nigeria User Group, Africa Lead, Technology & Innovation at Blockspace Africa Technologies and CEO of both Techbuild Innovation Partners and Lagos DrupalVersity. With his involvement as a community lead organizer, he is involved in a number of industry-government projects working towards technology innovation. This includes being a member of Nigeria Capital Market, a roadmap Fintech Committee set up by SEC Nigeria. Member of Government Blockchain Association (GBA), member Blockchain Group, Africa Progress Group (APG), member Fintech Association of Nigeria. Chimezie is a regular speaker at various blockchain, cryptocurrency and technology conferences both locally and internationally. As a Certified Technology Innovation Expert, he plays a key role in organizing Nigeria's biggest Blockchain and Cryptocurrency events and his opinions are highly respected within the region. His appointment as an advisor is significant as he assists in bridging the gap between Kinesis and the African community and guiding the progression. Ali Hussein Kassim Ali is the CEO of FinteXX Technology Ltd, a Pan-African Fintech company that enables the financial ecosystem to utilize digital technologies towards enhancing efficiency, bring innovative financial solutions to the unbanked across the continent and create awareness towards the transformative nature of Financial Technologies. He is also Co-Founder of Demo Ventures, an early stage, smart capital fund, currently raising its inaugural fund, focused on digital innovation and digital transformation in selected sectors in Africa. In addition to this, Ali also is the principal of, AHK & Associates, a Digital Transformation Consultancy focused on enabling clients to leverage Digital Technologies to achieve Transformational Change in their organizations. His advisory experience and knowledge will be key for Kinesis expansion and initiation in the pan-African unbanked and underbanked populations to provide a suitable currency that is widely accepted. We are pleased to welcome both Chimezie and Ali to the Advisory Board as they will make great additions to the team. To see more details about our advisors, please visit the team section of our website.
Kinesis CEO, Thomas Coughlin, Chief Strategy Officer, Eric Maine and Chief Commercial Officer, Ryan Case, are all currently in New York attending the annual Consensus gathering of the cryptocurrency and blockchain technology world. Consensus attracts major companies, developers, founders and investors in both the cryptocurrency and blockchain from all corners of the globe. This annual discussion about the future of the industry is a key event and Kinesis is proud to be a part of it. Attracting speakers from the highest of calibres, Consensus represents diversity in the industry with attendees from technology, finance and blockchain industries. This year we will be standing next to industry leaders in the space for intense discussion and debate around this incredibly exciting industry as a whole. In addition to appearing at the Consensus event, the team are attending pre-arranged meetings with key industry leaders in order to develop some new potential partnerships and to finalise the terms of existing deals currently in play which we will update on in the next coming weeks. Be sure to follow our socials to notified on these announcements as they develop.
Kinesis is pleased to announce that ABX Non-Executive Board Director, David Charles, has joined the Executive Team in a full-time capacity in the role of Group Special Counsel. David has a long history as a Non-Executive Board Director and has been involved in the group since its inception. David’s intimate knowledge and experience of the company and the industry make him a valuable addition to the Executive Team. David is admitted to the Supreme Court of Queensland, Australia and is also registered as a Legal Consultant at the Ruler’s Court of Dubai, UAE. David has protected and advanced the interests of some of the largest and most prominent entities in the world, across four continents in both private practice and in-house environments. David’s experience spans corporate structuring, domestic and cross-border mergers & acquisitions, disputes, capital markets and private equity. Patrick Davis has departed Kinesis as General Counsel to pursue other opportunities within the legal industry. In the time Patrick was with us, his meticulous approach and industry expertise allowed Kinesis to gain significant momentum. We wish him all the best in his future pursuits. We thank Patrick for his time with us and welcome aboard David Charles.
Kinesis is pleased to announce North Block Capital as an investor in the Kinesis Velocity Token (KVT) and an advisor to the Kinesis Money project. North Block Capital is a London-based investment group for the digital token capital markets that delivers advisory, capital markets and asset management services. North Block Capital is a fund which principally invests in the highest quality, private sale ICOs. Historic investments include Enigma, Filecoin, Blockstack, Origin, Tari, SFox, Hashgraph and Republic. Kinesis has also been invited to present to North Block’s institutional and HNW investor network at the beginning of May where we are pleased to present not only the KVT offer, but to also have the opportunity to showcase our Kinesis Mint, which is now live and receiving good coverage within the precious metals and cryptocurrency markets. Ryan Case, CCO at Kinesis comments, “Having successfully completed our first technology release, the Kinesis Mint, we are pleased to be working closely with North Block Capital to further showcase Kinesis Money and the gold- and silver-based digital currencies we offer.” Simon Wajcenberg, CEO of North Block Capital comments, "We are delighted to be advisor and investor in Kinesis. The project is a valuable addition to our portfolio, we expect strong demand for the platform. We look forward to working with Kinesis to help them grow globally." For any questions or enquiries related to this announcement please contact firstname.lastname@example.org, for any press related enquiries please contact email@example.com
Kinesis currencies, KAU and KAG, receive Sharia law compliance allowing further global adoption from emerging markets. A review was conducted for the Kinesis Monetary System by the Amanah Finance Consultancy, the same panel behind the review for certifying the Stellar Blockchain Network and other blockchain based projects. Our blockchain consultancy partner, Blockchainology, a UK based consultancy specialising in crypto asset & blockchain advisory, have worked on the Kinesis Sharia review, in association with the leading Islamic scholar in the blockchain industry, Mufti Faraz Adam from Amanah Finance Consultancy. This review has resulted in Kinesis being awarded a Sharia-compliant certificate for the Kinesis Velocity Token (KVT), Kinesis currencies (KAU and KAG), the Kinesis Blockchain Network (KBN) and the Kinesis Mint. This marks a tremendous milestone for the Kinesis Monetary System as this validation only promotes the Kinesis vision to create a global system that is accessible to all, based on two of the most stable and trusted precious metals, gold and silver. Sharia-compliant blockchain projects enable Islamic investors to purchase, store and transact in crypto assets globally which opens up a whole new market for adoption of the Kinesis system and Kinesis currencies. The certificate endorses the mentioned product components only. Proper implementation thereof is the sole responsibility of the end-user.
We are proud to announce the launch of the Kinesis Mint, also known as the Kinesis Mint. A powerful platform allowing users to create (mint) Kinesis digital currencies; KAU & KAG. Features of the Kinesis Mint: Create new Kinesis currencies - Mint KAU (1 KAU = 1 gram gold) and KAG (1 KAG = 1 ounce silver) into existence; digital gold and silver. Store, send and receive Kinesis currencies - Transact between Kinesis eWallets instantly, enabling cross border transactions with low fees. Zero storage fees on gold and silver bullion - Kinesis rewards depositors with an additional KVT for transferring bullion holdings into the system.* Yield exposures - Kinesis Minters will receive ongoing minter yields for creating and using Kinesis currencies. We have created a series of videos and detailed step by step guides to assist you along the way as you begin minting your own digital currencies. *Subject to terms. Initial Minting Offer (IMO) Bonus Period The IMO period runs from 2nd April to 30th June, 2019. Take advantage of this limited time offer which provides a 3x multiplier effect to the Kinesis Currencies you mint when calculating your proportional entitlement to the 5% of transaction fees allocated to the Minter’s Yield pool. If you have existing bullion you are storing with another approved provider, we have you covered. If your costs of transfer are US$1,000 or more, provide us with the invoice and we will give you 1 KVT*. *Subject to terms. US Participation in Initial Minting Offer Kinesis engages with U.S. counsel on the classification and interpretation of all of its products and services. While we remain confident in our internal position that KAU and KAG fall outside of traditional financial securities legislation with the U.S., the blockchain and digital asset industries remain developing areas of law which warrant additional due diligence and research. To this end, we are awaiting final feedback from external counsel on this position and as a result, we have conservatively opted to temporarily delay the Initial Minting Offer to U.S. citizens and residents until such time as this feedback is received. Updates To Website We’ve built some exciting new web pages around the launch of the Kinesis Mint to help educate users on the minting process. Here are some useful links to help you navigate the recent changes to our site: Homepage What is minting? Minting Step by Step guide eWallet sign up page KVT Explained page Exchange Physical for Digital page Trust and security Remember, as the system grows and velocity is generated, your fee sharing yields stand to grow in line with Kinesis. We are excited to invite you to participate at the beginning, of what we hope will be an exciting evolution in how the world secures their wealth. Welcome to the future of money.