Company News

Take a look at our most recent company updates, announcements, as well as projects and milestones of the Kinesis Monetary system and Kinesis native gold and silver-based currencies, KAU and KAG. Keep track of the latest Kinesis audits and learn about new functionalities, system enhancements and cryptocurrency additions to the Kinesis Exchange. Find out all about the bespoke Kinesis Yield system and how to start earning a yield on gold and silver.

Stellar Lumens (XLM) is now available to trade on the Kinesis Exchange

Kinesis is pleased to announce that Stellar Lumens (XLM) is now available to trade on the Kinesis Exchange. In line with Kinesis’ continued mission to expand its range of digital assets available to users, Stellar’s addition will further broaden the choice of leading cryptocurrencies tradeable on the platform. Stellar, which is a top 25 cryptocurrency by market capitalisation, is one of the more popular assets available today thanks to its development of a decentralised, cross-border payments network and esteemed market reputation. What does Stellar do? Stellar (XLM) is a cross-border payments platform aiming to better connect the financial ecosystem through faster, cheaper payments and transfers. Founded by the Stellar Development Foundation, Stellar aims to facilitate transactions using digital versions of leading currencies like the US Dollar and Bitcoin on a blockchain network used globally by financial entities and merchants. Being a fully decentralised network, it can operate without an intermediary - meaning that no entity can stop transactions and value transfers from being completed. Trading and Spending Stellar (XLM) With Kinesis Kinesis users can now trade Stellar (XLM) on the Kinesis Exchange against our entire range of fiat pairs, including USD and GBP alongside Kinesis’ native currencies, KAU and KAG. In addition, XLM will become spendable via the Kinesis Virtual Card upon launch and allow users to spend their cryptocurrencies, gold or silver in real-time, globally. Kinesis and Stellar technology Kinesis leverages Stellar’s blockchain technology to provide robust, reliable infrastructure and interoperability for our global community. Kinesis uses Stellar to deliver faster, cheaper global remittances and instant payments in gold and silver via the Kinesis platform. The addition of Stellar (XLM) further secures our commitment to the use of pioneering technologies, such as blockchains and cryptocurrencies, to benefit our global userbase. Start Trading Stellar on the Kinesis Exchange TRADE STELLAR

Sean Dickens
Sean Dickens

01/07/2022

Introducing the Kinesis Virtual Card

We are beyond excited to announce the rollout of the Kinesis Virtual Card, which will enable users to spend their gold and silver in real-time, anywhere in the world. Development is now complete and the card will initially be made available to a closed group of Kinesis users for two to three weeks in accordance with our card provider’s launch policies. This initial group has been selected and will gradually expand to other community members during and after the mandatory rollout period. Shortly thereafter, the card will be scaled up to wider users across the United States, United Kingdom, Europe, Australia and Canada, before being released to the entire global community. The Kinesis Virtual Card lets the global community protect their wealth in gold and silver - or hold crypto - instantly converting their assets at the exact moment of purchase. Accessible via mobile device, the card will enable system users to truly use their gold, silver and crypto as money, without the need to manually top-up. Features of the Kinesis Virtual Card include: Spend assets in real-time with instant conversionHigh daily spend limit - $/£/€15,000Spend assets globallyEarn gold and silver as you spendHold and spend: USD, GBP, EUR, AUD, CAD.Transact with MastercardNo monthly or sign-up feeSpend currencies in your preferred orderCompatible with Google Pay Earn gold and silver as you spend Whenever cardholders spend their KAU and KAG, they receive a reward in physical gold and silver, at the end of the month. Differing from a cashback offering, the Velocity yield enables spenders to earn a proportionate 10% share of all global transaction fees, simply for choosing gold and silver as currency. As the system continues to grow, gold and silver spenders share in our growth, each month. A true multi-currency card Through the Kinesis platform, users can easily toggle between spending precious metals, crypto or traditional currency. For added convenience, users are able to preselect the order they wish to spend their currencies, whether that be gold (KAU), silver (KAG), Bitcoin, Ethereum or one of 5 major supported fiat currencies: US dollar, British Pound, Euro, Canadian dollar and Australian dollar.  In this way, users are even able to complete a single transaction with multiple currencies. For example, if a user had set their currency order preference to: (1) KAU, (2) KAG - and they made a $1000 dollar transaction, they might complete the payment with $500 of their available KAU balance, with the remaining $500 taken from their KAG balance. Powered by Baanx The Kinesis virtual Card will be powered by our new card provider Baanx, as part of a strategic partnership that will initially focus on card programs globally, facilitating digital asset spending. As a partner, Baanx makes an excellent addition to the Kinesis ecosystem and is geared towards expanding Kinesis into other areas of Fin-Tech and banking integrations, further enhancing the Kinesis offering. We give our fees back Whereas other providers in the space would seek to maximise profits, Kinesis has opted to pay back 100% of Kinesis’ share of the 1.95% transaction fee (0.95%) into the Kinesis yield pool, which will be distributed back to users in gold and silver, each month. The remaining share of the transaction fee is a card provider fee and is not shared with Kinesis. Whenever users spend KAU or KAG or cryptocurrencies, an 0.22% trade execution fee will be charged, for the instant conversion of cardholders’ digital assets at the exact moment of sale, which will also contribute to the yield pool. The launch of the card is expected to significantly accelerate the velocity of transactions on the Kinesis platform, and in doing so, increase the universal contribution to the yield pool as a result. Please stay tuned over the next few weeks as we make all of our new web pages and materials available to the public.

Sam Briggs
Sam Briggs

30/06/2022

Kinesis completes third independent metals audit

Kinesis announces the completion of its first independent audit of 2022. The third independent audit and verification of the gold and silver bullion, underpinning all Kinesis gold and silver-backed currencies, has been completed. As we’re still awaiting documentation from Inspectorate International, the full results will be available on our website once documents are supplied. How exactly does the audit work? Independent officers from Inspectorate International entered all Kinesis vaulting facilities across the world and physically tallied the quantity of gold and silver, comparing it against the quantity stated by Kinesis in an inventory report supplied to the auditor. The weight of the metals reported on is then compared to a snapshot of the Kinesis currencies in circulation, taken at the same time that the physical metals reports were generated. How do I know my gold is safe? The physical bullion behind Kinesis gold and silver-backed currencies sits in independently audited and insured state-of-the-art vaulting facilities.The legal title to the physical gold and silver bullion, represented by Kinesis digital gold and silver-backed currencies, always remains with the holder.The independently-conducted third-party verification provides assurance to all current and future Kinesis system users. Transparency and Trust Kinesis understands the total transparency required for users to feel their precious metals are in safe hands. We place great value on preserving the trust of our users, which is why we are committed to ensuring that all our audits meet the highest standards of integrity, accuracy and verifiability. Pandemic-related restrictions - which had rendered a global physical audit impossible - have now been eased. Resultantly, auditing specialists have been permitted access to all locations of Kinesis vaulting infrastructure, at the first available opportunity. As an integral part of Kinesis’ vision, we will continue to deliver independently conducted, biannual audits to provide you with the transparency you deserve. Once published, the full documentation will be made available here.

Natalie Laz
Natalie Laz

29/06/2022

Kinesis Exchange API Now Available

We are pleased to announce that Kinesis has made available an API that allows clients to programmatically interact with the Kinesis Exchange and Kinesis Money platform. Our easy-to-use API allows users the ability to automate their trading activities, such as buying, selling and holding digital gold (KAU), silver (KAG), and cryptocurrencies.  Everyone, from smaller-scale developers and platform providers to larger businesses, can now utilise the very same technology that powers the Exchange, to leverage their own trading experience. Features of the Kinesis API By providing access to Kinesis Exchange technology, we are extending the opportunity for third parties to automate trading on the Kinesis platform, as well as create their own use-cases and applications. This technology brings with it the endless possibility for developer customisation, contributing to the overall improvement and evolution of trading on the Kinesis platform.  As an example, our CTO Jason Noorman has demonstrated an app that allows the reality of an entirely hands-free experience in our latest walkthrough, where clients can request their available balance, find out the price of popular crypto assets, or check on their open orders, simply by asking Alexa. Our API allows for automation of common exchange workflows, such as: Getting current symbol pricing, market depth and historical dataGetting account balances and asset holdingsPlacing and managing buy and sell orders on the Exchange A full list of features and sample applications can be found on our Github repository page, here. How Does it Work? To access the API, you require a set of API keys that can be generated from the settings page, where documentation is included and ready for implementation. We have provided API examples in many popular coding languages. As we increase the availability of Kinesis API technology, we maintain the highest industry-leading security and best practices. When transactions are processed via the Exchange they are uniquely signed using easy to implement cryptographic methods using the private key of the account holder to make the request. An API key can be requested through the Kinesis platform, in the setting tab, here. Supporting Innovation Kinesis is continually expanding on its tech offering so that developers at every level can interact with the Kinesis Exchange in new and unforeseen ways, to create their own innovative solutions. We are proud to embrace further development of Kinesis’ technology, as well as its interaction with more ecosystems, enabling clients to complete access to the proven value and efficiency of our Exchange technology, and payment infrastructure.

Latifa Alkhanjary
Latifa Alkhanjary

05/05/2022

Q1 – Quarterly Update – Ecosystem Expansion.

In our latest update from Kinesis CEO and Founder, Thomas Coughlin reviews the milestones of the Kinesis Monetary system in Q1 2022 and provides a glimpse into the developments to come for Q2 2022. Snapshot The Kinesis Card The Kinesis Card will be released in Q2 and is in the final stages of assurance, with the program first to be rolled out in the United States, Europe, Australia, Canada and the United Kingdom. Closely following this, the card will be made available to clients on a global scale, one month after its initial release.  Once signed up and verified, cardholders will have complete access to their own virtual Kinesis card, as an integrated part of the Kinesis mobile app, with the physical card option for users to follow shortly. The multi-currency and storage preference functionality will allow users to store up to five digital assets on their card for instant conversion at the point of sale - including gold, silver, crypto or fiat - with a competitively high daily spend limit of £15,000. The oncoming card represents a crucial milestone for the Kinesis system, positioned as a major catalyst for the use of Kinesis gold and silver currencies outside the system. The strategic partner selected for the Kinesis Card launch is just one of several partnerships set to facilitate the use of gold and silver as spendable assets, with localised card programs tailored to specific regions coming soon. More program-specific details will be released closer to launch. Silver Referral Rewards Program We were proud to announce the Silver Referral Rewards program this quarter, as an exciting opportunity for Kinesis users, ambassadors and influencers to give and earn tangible rewards in precious metals for welcoming their community to the platform. The Silver Rewards program means that Kinesis platform users can earn a share of 1oz of Kinesis silver - or 0.5 KAG between themselves and their invitee - by referring their friends and family to the platform. With no upper limit to the tangible silver rewards that can be earned through the program, the act of referring is awarded a highly valuable incentive. The Referral Rewards program comes as an additional feature to the Referrer’s yield, which is paid out monthly to users who have onboarded and contributed to the exponential growth of the platform over the years. Audits With the easing of Covid restrictions across the globe, Kinesis is pleased to advise that the delayed audit is to be scheduled to occur in Q2 2022. We expect the independent audit to be completed and released to the community during this time, with regular scheduling to resume thereafter. We are working diligently to coordinate and lock in the audit date with all global vaulting providers and auditors within the coming two months ahead. Indonesia Update The march forward to implement the nationwide access and roll-out of KAU in Indonesia continues. As relayed previously, the standalone app PosGold Syariah is now PosPay Gold on the PT POS PosPay App. Both the legal transformation and the technical integration for this are now complete, giving the KAU product and application available to the already 1 million-plus accounts on PosPay. The JFX application, JFX GoldEx, incorporating KAU, has soft-launched. Up to now, for both PosPay Gold and JFX GoldEx, the “soft launch”, by government regulation, has been limited to a small user sub-set of internal and non-retail account users. We are pleased to announce that recently, with the assistance of our local Kinesis Indonesia team and partners, the Government Regulator (Bappebti) has been given a full demo and end-to-end testing of the platforms resulting in the approval to move out of the soft launch phase and into the full launch sequence. While the roll-out to their respective existing and future target markets is up to PT Pos and JFX, we have been working closely with them on this plan. We expect both products and applications to go full live launch in Q2 2022. As the marketing plans and outreach programs for these products get enacted and operational, we will keep the Kinesis community apprised of all the details. 5 New Fiat Currencies and increased deposit options This quarter, Kinesis has significantly expanded its system offering with an additional 5 fiat currencies listed on the Kinesis Exchange, increasing the number of currency pairs available to trade to 87 in total. As important inclusions to the Kinesis’ trading ecosystem, the Australian dollar (AUD), Canadian dollar (CAD), Singaporean dollar (SGD), Swiss franc (CHF) and the United Arab Emirates dirham (AED) were added for all Kinesis users to trade on the Kinesis Exchange. Kinesis is reducing barriers to entry for its global client base, allowing an even greater number of users to trade and deposit their funds on the platform, this proceeds to the next phase of delivering better banking and deposit solutions for FIAT users. Improved Onramping Solutions We are developing improved on-ramping solutions for our global client base, designed to ease the process of onboarding funds into Kinesis accounts. At present, a series of banking and payment services relationships are being finalised that will strategically position a number of banking deposit locations across the globe. Earlier this month, Kinesis launched an improved deposit interface on our web-based platform giving users the ability to choose between multiple banking options by location. As part of this update, Kinesis added ACH, SWIFT, and domestic wire transfer deposit options for all USD depositors. Additionally, Australian users have the ability to deposit their native currency (AUD) into a local bank account, via local BSB and account number or via SWIFT - ready to trade on the exchange. As the year progresses, Kinesis will be bringing users more fiat on-ramping solutions, with enhanced deposit options for British Pound (GBP) and Euro (EUR) to follow shortly. Business Accounts In addition to the Individual account, Kinesis has now introduced the Kinesis Business Account option, as a highly scalable offering for professionals wanting to register and verify as Business, Trust Fund or Retirement Fund account holders. Over the course of the year, the Business accounts offering will continue to expand, with multi-account options and bulk sending features already in the works. These functionalities will enable Business account owners to serve multiple clients and send debit payments in gold and silver to multiple recipients in a single action. Velocity Yield To start the second quarter of this year, we were pleased to launch the Velocity yield on the Kinesis platform. Kinesis users were rewarded with a yield in physical gold and silver as a result of their spending and trading of precious metals (KAU and KAG) currencies with Kinesis. On the 19th of April 2022, eligible users received a total of $1.3 million dollars worth of fully allocated gold and silver based on their transactional activity on the platform to date. Going forward, the Velocity yield, reflecting a 10% allocation of the total Kinesis fee pool, will be delivered straight into Kinesis users’ accounts, every month. As the fourth launch in the Kinesis yield engine, users can earn a significant and tangible reward for the active use of Kinesis currencies as spendable, tradable assets. Kinesis Monetary System expansion & upgrades All-New Referral Hub In another important upgrade this quarter, the all-new Kinesis Referral Hub has been introduced to our platform users, making it even easier to invite friends, family and business partners to Kinesis. The optimised functionality and interactive design of the Referral hub allow users to keep better track of their referral progress, as well as their monthly Referrer's yield, earned through onboarding new users to Kinesis. Kinesis Exchange upgrade and redevelopment The Kinesis Exchange web interface has successfully undergone a full redesign, with the trading interface now aligned with the overall look and feel of the Kinesis Money platform. The upgrade brings a series of technical and design enhancements to the user experience of the Kinesis Exchange. In order to finetune the trading experience for system users, Kinesis has optimised responsiveness across the exchange to better utilise mobiles, tablets and desktop devices. These updates deliver fully responsive charting, resulting in a smooth trading experience from analysis through to trade execution. Looking ahead to Q2 Kinesis Pro Trader Platform In another milestone expansion to the Kinesis monetary system, we are now entering the development stage of the all-new Kinesis-Pro cryptocurrency exchange platform. The Kinesis Pro exchange will be offering a broad variety of cryptocurrency coins and trading pairs, providing a secure and convenient environment with high liquidity for hundreds of tradeable digital assets that will be made available to our users. The official launch of the pro-trader crypto exchange is planned for later this year. Kinesis API We are pleased to announce that, after several weeks of beta field testing, we will move our Kinesis API to “General Available” this month. The Kinesis API provides account holders with programmatic access to their Kinesis account allowing them to securely get account balances, get up to date pricing and OHLCV data, get statements, place orders to buy and sell and leverage our send-to-friend and send-to-email functions. To access the API, clients can request a set of developer API keys from the settings page, where we have included the API documentation and examples in many popular programming languages. We are really looking forward to seeing how developers use our API’s to create new and innovative solutions that we would like to highlight and potentially share in a marketplace. Upgrading the Kinesis blockchain In Q2, Kinesis will upgrade our underlying blockchain technology and migrate to the latest Stellar Foundation core and horizon that is in the final stages of development. With the technology underpinning the blockchain constantly evolving, it is important that Kinesis remains state of the art and leverages the best enhancements as they become available. This was a major upgrade that facilitates faster and easier integrations with partner exchanges and various other blockchain partners. Additionally, the latest update opens up the doors of innovation by enabling the Kinesis blockchain team to explore the latest Stellar enhancements and technologies that are now available. This latest upgrade is the catalyst that has now kick-started exchange listings and subsequent CoinMarketCap and CoinGecko listings, which have been otherwise delayed. Kinesis has made the Kinesis-core and Kinesis-horizon repos publicly available on Github to enable our partners and developers to integrate more rapidly. Wallet upgrades Starting in Q2, Kinesis is working to bring forward a complete insured custodial wallet solution to our client base, through a planned partnership with an institutional leader in the cryptocurrency and digital asset space. Set to launch later this year, Kinesis has strategically selected a trusted partner to leverage users' efficient management of their digital asset operation. Kinesis will continue to deliver the utmost value and security in digital portfolio management through this partnership, in order to serve Kinesis users with access to the latest in multi-layer security in the custody of their assets. Kinesis Bullion Store This quarter Kinesis will be launching the Kinesis Bullion store, showcasing original artwork on our physical coins and bars that have been minted in the newly formed Kinesis Mint, based out of our Istanbul facility. We will be launching a new bullion store website accepting payments in FIAT, Crypto and of course, KAU and KAG, meaning the Kinesis Bullion store can also be used to facilitate physical redemption. The addition of minted coins and bars allows Kinesis to expand into many new opportunities and partnerships within the physical space. Our coins and bullion will further expose Kinesis to the precious metals community, which is still, and will always remain, a core target market for Kinesis. We are currently further looking to integrate the bullion store into the KMS, allowing instant redemption or purchase using your KMS balance. More details around the Bullion, pricing, certifications and partners will be released along with the launch. In Summary Although we remain restrained with our commercialisation to date while our core foundations are built, Kinesis continues firmly on its path to global expansion, with a growing client base that now totals over 97,000 individual clients across more than 150 countries. We have balanced this heavy developmental period with continual stress testing and priming all aspects of our system and organisation for rapid scalability and mass adoption in the coming months and years. As the Decentralised Finance (DeFi) market grows and matures globally, trusted ecosystems have been forming at the institutional level. In many ways the Kinesis team has strategically secured primary roles in such ecosystems which have both government and private sector participation, to offer the true universal currencies (gold and silver) to the world. Expansion through trusted digital asset ecosystems and strategic partnerships will continue to serve global users with a monetary solution that is efficient, fair and rewarding. By driving towards increased interoperability of our native gold (KAU) and silver (KAG) currencies, we are tapping into even more ecosystems designed to further the utility of precious metals as money. With the global debit card alongside the continually expanding functionalities of the platform, Kinesis is delivering on its mission to serve all our clients, regardless of country or borders, with a means to operate and maintain full control of their financial lives. With countless projects still yet to be fully realised, I know that Q2 and the year ahead will be a defining one, in which the historically stable value of gold and silver will become more visible - and intentionally disruptive - through their utility as sound money. I’d like to take this opportunity to give thanks for your continued support on this journey. Best regards, Thomas Coughlin

Thomas Coughlin
Thomas Coughlin

26/04/2022

Kinesis Launches the Velocity Yield

We are pleased to announce the launch of the Velocity yield, allowing Kinesis users to earn a monthly yield for spending and trading Kinesis gold and silver currencies (KAU and KAG) on the platform. The Velocity yield incentivises clients’ active usage of physical gold and silver as spendable, tradable assets, with real-world utility. The Historic Velocity Yield Payout The initial yield payout, on the 18th of April 2022, has been retroactively applied to all Kinesis users’ previous transactional activity on the platform from the 4th of April 2019 to the 31st of March 2022. Rewarding Kinesis users for their spending and trading activity over the last two years, the yield launch sees 19.85 kilograms of gold and 3394 ounces of silver delivered into users’ accounts, with the first payout standing at a total value of $1.3 million. After the first payout, all forthcoming yield returns will be delivered on a monthly basis, continuing to reward participants for their spending and trading activities on any KAU and KAG pairs with a 10% allocation of all transaction fees gathered across the Kinesis Monetary System. How to Earn a Velocity Yield? The Velocity yield rewards all Kinesis users who spend their gold and silver with a Kinesis card, buy and sell any KAU and KAG pairs on the Kinesis Exchange or with the simple BUY/SELL widget on the Kinesis Dashboard. The Velocity yield represents 10% of the total fees collected within the Kinesis total fee pool, which is then distributed back to users proportionally to their transactional activity. Today’s payout will reflect the adjustment of the 10% fee pool allocation that was increased on the 1st of November 2021, with the previous fee pool allocation at 5% in place prior to this date. For a complete breakdown of the Velocity yield, click here. Global, Spendable Currency As the latest addition to the Kinesis Yield Engine, the Velocity yield is offered to our users as a rewarding incentive for the act of spending and trading in the historically safe, stable currency of precious metals. With the Kinesis card soon to be released, participants within the Kinesis Monetary System will have the means to utilise gold and silver as a viable alternative to fiat currency, as an end-to-end payment solution. With Kinesis’ easy-to-use platform as the foundation, transacting in gold and silver has never been easier. Explore Velocity Yield

Latifa Alkhanjary
Latifa Alkhanjary

20/04/2022