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.

Kinesis launches new multi-send feature

Kinesis launches the multi-send feature, enabling users to send multiple gold and silver payments at once, within the all-new Payments tab. The new ‘multi-send’ feature enables Kinesis Monetary System participants to instantly send Kinesis gold (KAU) and silver (KAG) to multiple recipients at once, both within and outside the Kinesis system.With several exciting features introduced to the Kinesis platform, the all-new Payments tab enables Kinesis users to manage their personal or business transactions in gold and silver more efficiently. Send money to multiple recipients at once The all-new muti-send feature allows Kinesis account holders to instantly send multiple payments to a number of recipients with one simple click. This advantageous Desktop functionality supports sending Kinesis gold and silver to up to 50 payees simultaneously. Additionally, the unique design of the revamped payments infrastructure allows Kinesis account holders to input the amount of KAU or KAG they wish to send in any fiat currency available on the platform, saving both time and effort. This means that users can set up a payment of KAU or KAG equalling the specified value in their chosen fiat currency, to a number of payees. The multi-send feature allows the sender to input the pre-specified amount in all 8 fiat currencies available on the platform, which Kinesis completes and settles in gold or silver on the user’s behalf. For more information on the new feature, see our multi-send guide. Earn as you refer new users to Kinesis The multiple payments feature allows users to earn a monthly return in gold and silver, through our innovative revenue-sharing model. Sending KAU and KAG to new, prospective users - or even entire businesses - makes senders eligible for the Referrer’s Yield - rewarding them for successfully inviting new system participants to Kinesis. Additionally, users who participate in the Referral Silver Rewards program can earn an ounce of silver, shared between the referrer and each new user that is successfully invited to Kinesis. What’s more, users can choose to send payments to multiple recipients outside of the Kinesis system using only their email address, which automatically qualifies the sender for the Referrer’s yield. The recipient just has to accept the funds by clicking the ‘Sign Up’ button in the email and creating a Kinesis account. The send-to-email functionality automatically enrols both the sender and the recipient into the Kinesis Silver Referral Rewards, rewarding users with free silver upon meeting the program's conditions. More exciting payment features to come The release of the Payment tab is just the first step in facilitating the vast range of personal and business payment features. Kinesis will continue to enhance its payment functionality so that both individuals and businesses can benefit from integration with the Kinesis system. The continuing improvements to the platform’s monetary infrastructure are set to enable both small and large-scale business entities to fully utilise the system’s offering while securing their wealth in precious metals. With more people switching to gold and silver every single day, restoring their financial freedom, the Kinesis system grows stronger as a viable alternative to traditional banking. Customise your gold and silver payments with Kinesis Log in

Natalie Laz
Natalie Laz

25/08/2022

Kinesis’ third independent metals audit results now available

After completing the third independent precious metals audit in June 2022, Kinesis publishes the latest audit documentation provided by leading global audit and inspection specialist, Inspectorate International.  The documentation supplied from Inspectorate International with the full results is now available to view on our website. Inspectorate International On the 20th of June 2022, the Allocated Bullion Exchange produced an inventory report of all metals attributed to Kinesis Cayman. This report was presented to Inspectorate International to conduct an independent audit, which was undertaken over the 21st, 22nd, and 23rd June 2022. For the few locations that Inspectorate could not audit (due to facility security policies), letters of verification were ordered on 20th June 2022. The audit provides verification that all Kinesis gold and silver currencies are backed by a 1:1 allocation of gold and silver bullion within the Kinesis Monetary system. Inspectorate International’s report shows that Kinesis passed all criteria of the inspection. Delivering on trust We place a great emphasis on trust and security when it comes to the ownership of physically allocated precious metals. With that said, Kinesis will continue to deliver on independently conducted, biannual audits to provide our community with the transparency they deserve.  View our latest audit here See Audit

Latifa Alkhanjary
Latifa Alkhanjary

12/08/2022

Q2-Q3 – Quarterly Update

In our latest update from the Kinesis CEO and founder, Thomas Coughlin reviews the milestones completed in Q2 and provides further insight into the upcoming developments in Q3 2022. Q2 Snapshot Virtual Card Launch We were proud to announce the launch of the Kinesis Virtual Card in the second quarter of this year. The launch was a monumental success for all members of the Kinesis team who saw the card through to its delivery. In July, the initial closed group testing period was completed in accordance with our card provider’s launch policy and we are now well underway with expanding the testing program to include wider community members. Kinesis is carrying out this extensive testing process in order to ensure the product experience of the Kinesis Virtual Card is as smooth and streamlined as possible upon its global public release. In advance of this, we would like to make the community aware that the card will initially be available with Google Pay only. We are currently subject to a mandatory waiting period with Apple Pay, however, this feature will be available shortly. As the first of many in our global card program, the Kinesis Virtual Card represents a crucial milestone for the company in bringing forward a truly global card. Working closely with our partner, Baanx, the global rollout will be staggered by country, with the initial release focusing on the regions of Europe, the UK, Canada, Australia and LatAm which are currently pending compliance sign-off. Although it was previously announced that the US would be included in this initial release, we have taken the decision to bring clients online in a partially later phase, due to program-specific enhancements required for the region. The US will come online as part of the global rollout phase and is expected to come online later in Q3. Stay tuned for further updates in the coming weeks on the public launch. 2022 Global Audit The global audit was successfully conducted across all vaulting locations last quarter. All audit reports have been received from the auditors, with the exception of one which has been delayed due to circumstances that are outside the control of Kinesis. We expect the final report to be delivered to us any day now, and on receipt, all reports will be compiled and published for the Kinesis community to review. Kinesis API This quarter, we were pleased to make our API available to the public, which allows clients to programmatically interact with the Kinesis Exchange and Kinesis platform. This easy-to-use API opens up the potential for complete automation of users’ trading activities, such as buying, selling and holding digital gold (KAU), silver (KAG), and cryptocurrencies.Now everyone, from individual developers to business leaders, has the ability to tap into the very same technology that powers the exchange and leverage their own trading experience. Kinesis is proud to support innovation on every level, which is reflected by our continuously expanding tech offering. By making this technology public, we have provided the means for developers worldwide to interact with Kinesis Exchange technology and payment infrastructure to create innovative solutions.  An API key can be requested through the Kinesis platform, in the setting tab, here. Stellar Lumens (XLM) on Kinesis Exchange The range of digital assets available on the platform was expanded to include Stellar Lumens (XLM) this quarter. Stellar is now tradeable against all 8 fiat currencies listed on the Kinesis Exchange, as well as Kinesis’ native currencies, KAU and KAG. This represents an important addition to the Kinesis ecosystem, as XLM runs on the Stellar blockchain, strategically chosen to power Kinesis’ native gold and silver assets, KAU and KAG, due to its robust infrastructure and high level of interoperability. You can trade Stellar Lumens (XLM) on the Kinesis Exchange here. Kinesis system expansions & upgrades Whilst our technology teams are busy delivering on the big projects, we are constantly improving the Kinesis Money System based on client feedback and usage data. We are always looking for ways to improve the client experience and deliver a leading complete monetary system. Over the last quarter, we have focused on performance improvements for the exchange to enable faster pricing updates globally, particularly as we add more tradable pairs. We have also added a ‘market’ section to the exchange that allows you to see the market prices, your holdings per pair and quickly buy and sell. Additionally, we have added a toggle that allows you to choose if the exchange fees are included or excluded from the transaction amount on the exchange and market pages. This will be further rolled out across all sections and platforms to give you more control over your transactions. And, of course, we augmented our referrers page by adding the ability for you to see an animation of referral network graph - we thought it was a nice visual enhancement for our referrers. Upgraded KAU and KAG Mainnet Over the last quarter, we have successfully upgraded both our KAU and KAG mainnets to the latest version of the Stellar blockchain. This allows us to more easily integrate with external services and adds the latest operational and security features. This upgrade was quite significant as we upgraded our Stellar core (the network nodes and peer-to-peer infrastructure) and Stellar Horizon (the client facing API for the Stellar ecosystem) that we use to manage our tokens. We will continue to update and maintain our blockchains, with our blockchain explorer next in line to undergo enhancement. Exchange Order Management In the coming quarter we will release a significant improvement to the exchange order processing service. We have redesigned the way the market makers interact with the exchange to enable the market maker to amend orders rather than cancel and replace. The benefit of this change is market orders are more likely to be filled at the best rate and avoid the scenarios where an order may be placed and filled at exactly the same time as the market maker was updating their price. We still strongly recommend that our traders use limit orders to manage slippage or sudden changes in price. Looking Ahead to Q3 and beyond Indonesia The roll-out sequence of KAU on PosPay Gold and JFX Goldex beyond the small regulatory required internal “soft-launch” has now been coordinated and jointly set. From 1-18 August, the platforms will ramp up to 1000 accounts and on 19 August, they will be completely open to the public at large. A full Grand Launch event will be held on that day, with the Minister of Commerce presiding. This plan was designed to coincide with the Indonesia Independence Day holiday celebrations commencing 17 August. While everything is subject to change and is entirely up to the Indonesian government and stakeholders, we expect this to be the advent of the push to bring gold savings, payments and financing in the form of KAU to the nation. The first platform use-cases, as contemplated and relayed previously, will be gold trading, savings, pay bills and the “Gold to Mecca” applications. In the past months, the joint business development teams have kept busy with discussions with commercial and national partners to augment and expand the use cases of the platforms. Looking forward, then, there have already been discussions for several initiatives and use cases that would look to be added, including: First migrant worker remittance corridor facilityPlatform integrated banks providing shariah-compliant pawning and financing of KAU gold holdingsNational airline accepting redemption of award miles into KAU and onwards to platform products and servicesGovernment employee pension fund allocating a percentage of current fund holdings in KAU, and going forward, a percentage of government employee’s monthly contributions to be converted to KAU President of JFX, Mr. Paulus showcasing KAU integration at internal launch and testing in July 2022 Kinesis Pay Next quarter, we are working towards delivering a new payment method, ‘Kinesis Pay’, that enables merchants to accept payments in KAU and KAG. The merchant or business owner can simply install the Kinesis Pay SDK plug-in to the checkout of their website, allowing Kinesis users to make instant purchases and pay with their Kinesis gold and silver holdings. Each time a customer selects Kinesis Pay as a payment method on the merchant’s checkout page, they simply have to scan the QR code to instantly approve the payment. As well as representing an innovative step forward, Kinesis Pay will introduce a new stream of transactional velocity to the Kinesis Monetary System, contributing to the yields of users. US Cashback Payment Program Set to launch before year’s end, the cashback feature will enable US users to save 3% on in-app KAU and KAG purchases made at retailers across North America - with all cashback instantly paid back in gold and silver. The in-app feature enables US-based Kinesis users to instantly earn precious metals on in-store or online purchases at over 200+ major retailers, including Airbnb, Applebee’s, GAP, NFLshop.com, Uber, Google Play, Uber Eats, NBA Store, BurgerKing, Ray-Ban, Chipotle, Sephora and Domino’s Pizza.Before paying in a participating store, users simply enter the purchase total and create an in-app voucher to pay with. As soon as the user makes a purchase, we’ll instantly deposit 3% cashback in KAU or KAG into your Kinesis account.The US cashback program makes it simple for Kinesis users to make instant, substantial savings on everyday purchases, all the while earning gold and silver. Bullion store This quarter will see the launch of the Kinesis Bullion store, showcasing original artwork on our minted physical coins and bars, produced out of our Kinesis Mint facility. With tonnes of wholesale orders already placed, the Kinesis Bullion store will further enhance the visibility of the Kinesis brand within the precious metals space, and give community members the chance to add signature Kinesis bullion to their physical metals collection. Everything is now in line for a US launch, and users will soon be able to purchase all-new, bespoke bullion designs from the store, accepting payments in Fiat, Crypto and Kinesis gold and silver currencies. The initial US launch will be silver bullion products only, with more products to follow. Kinesis Shop Merchandise & Products We have now enhanced our e-commerce suite by expanding the range of products available to our community. The new and improved Kinesis shop will house a selection of Kinesis branded apparel and merchandise, such as polo shirts and baseball caps, in addition to the Kinesis hardware wallet, giving both long-time users and new joiners the opportunity to support Kinesis. As part of the new shop’s launch, Kinesis has set up a new fulfilment centre in Indonesia to manage the smooth distribution of the featured products. We will continue adding to the selection of products available in due course. Physical card Program Following the launch of the global virtual card, Kinesis is set to launch the regional physical card program for US, UK & EU users. The regional physical card programs will offer Kinesis users the ability to use their gold and silver as money, boasting a competitive fee structure. With high limits and cash withdrawals, the physical card stands to connect Kinesis gold and silver with everyday banking. These programs have been worked on in the background with development starting in Q3 and are scheduled to ramp up post virtual card public release. Global Corporate Structure Roll-Out Behind the scenes a silent yet monumental effort was initiated in building out our global corporate structure with all requisite regulatory licensing. For obvious corporate sensitivity reasons, there has been little to no mention of this to date. As of this writing, the Kinesis Global Group has 23 member companies across the globe being prepared for a global commercialisation. It is planned for some of these companies to become user-facing for different activities between now and the end of year. Local Banking integrations, UK and EU As previously mentioned regulated companies play a critical role in commercialisation as well as banking. We have been working in the background with new jurisdictions that will enable local payment options for EUR and GBP. This quarter we start the process with selected banking partners for SEPA (EUR) and Faster Payments (UK), this means users in these locations will be able to deposit using local currency for instant crediting to their Kinesis accounts via a local bank transfer. Additionally, this will also enable us to offer the ability to process debit card payments. This process has begun and is being worked on across the board to improve banking on/off ramps across the world using our corporate networks. We are dependent on processing and compliance timeframes but are working hard to bring online faster, cheaper deposit options. Institutional and Government Partnerships As the Indonesian project of national importance begins to substantially launch and scale up to millions of users through a range of important public and privately owned national organisations within the country, it is worthwhile advising that we also have other exciting government projects underway. We expect one particularly exciting government project to be announced this quarter, which we are convinced will make Kinesis a leader in the DeFi Public Private Partnership sphere. This will set a strong precedent to proactively push out globally to the nations of the world in need of modernised alternative banking, payment and collateral custodial solutions. When it comes to government partnerships, precious metals are an increasingly important component which puts Kinesis above competitors in the DeFi space. In amongst the heavy release schedule before year end, we also plan to begin releasing further information and making announcements connected to a range of institutional partnerships. Of these deals, some are connected to government partnerships while others are completely independent. We look forward to sharing these partnerships with you. Universal Gold & Silver Currencies Since last year we have been planning the launch of universal gold and silver decentralised currencies which will be suitable for inter-bank and institutional utilisation globally. Leveraging partnerships across our group, we are in a unique position to be the authority to launch the universal institutional gold and silver currencies in the DeFi space and as such we will. This serves as a little teaser which we cannot elaborate on at this time, but to simply advise that they are coming. Kinesis Commercial Centre Kinesis has begun the initial scoping of the Kinesis Commercial Centre, a concept outlined in the original Kinesis Blueprint. A global online marketplace, the Kinesis Commercial Centre will give people everywhere access to operate businesses in KAU and KAG and take advantage of the instant, low-cost payments the Kinesis system offers. The platform allows those without access to merchant banking to avoid high fees and operate their businesses through the immutability of the blockchain. The project is in the early strategising stages with project scoping currently underway. As the year progresses, the Kinesis team will continue to advance the Kinesis Commercial Centre, in the background. Kinesis Pro In advance of the launch later this year, the development and bespoke design of our native cryptocurrency exchange platform, Kinesis Pro, is well underway. The Pro trader platform will serve users with a market-leading cryptocurrency trading experience, listing a wide range of cryptocurrency assets and pairs on a high-speed, high liquidity platform. The exchange will form an imperative part of Kinesis’ growth strategy and expand on our commitments to offer a fair, open and more honest platform for traders to trade and invest in cryptocurrencies and physical metals. Stay tuned for the official launch of Kinesis Pro planned for later this year. Kinesis Mint (physical) The Kinesis Mint, located in Istanbul, has now reached maximum capacity with the facility completely fitted out with equipment and the team working 2 shifts per day, 6 days per week. This demand came from a very soft launch to a handful of close partners. With expansive sales distribution and physical product sourcing currently being established, the decision was made in Q2 to expand the facility. I am now pleased to announce to you that Kinesis is now in the process of building a new state-of-the-art Refinery, Vault and Mint across a 6,500sqm facility in Istanbul. This facility will have the capacity to become one of the country's largest and most important refining and minting operations. This project continues to reinforce the importance of marrying together the physical and digital spaces and will become a showcase of the power of achieving this effectively. Other Projects set to be Released in Q3 Bulk PaymentsAccounting System IntegrationsAdditional crypto wallets & pairsExchange listingsCoinMarketCap & CoinGecko listings In Summary As the test-transactions continue to trickle into the fee pool, the Kinesis Virtual Card closes the loop on Kinesis’ vision of an end-to-end monetary system based 1:1 on gold and silver. With Q3 in full swing, more pivotal milestones lie ahead. The Indonesian government’s launch of PosPay Gold and JFX Goldex will see years of planning, development and collaboration come to fruition, and mark a watershed moment for the Kinesis Monetary System. In delivering monetary access to gold and silver to the nation of Indonesia, the integrations have the potential to stimulate unprecedented transactional activity from millions of users, directly benefiting the Kinesis community. Once more, Kinesis refuses to shy away from innovation, embarking on ambitious new projects and delivering customer-focused integrations, while never neglecting the core focus of our mission: providing the people of the world with a fair, honest and sustainable monetary system. As ever, we thank the Kinesis community for your support and participation, and we look forward to sharing our progress as we plough forward into the remainder of 2022. Best regards, Thomas Coughlin

Thomas Coughlin
Thomas Coughlin

01/08/2022

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? 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 is spendable via the Kinesis Virtual Card and allows 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 availablehere.

Natalie Laz
Natalie Laz

29/06/2022