Kinesis official press releases, statements and announcements about Kinesis written by and for Journalists, top websites and magazines in the precious metals and crypto market space. Discover company milestones, global and nationwide projects, high-profile partnerships, and important system enhancements, in the press. Learn what others in finance have to say about Kinesis.
*OFFICIAL* Kinesis Announces Plans to add XDC tokens to the Kinesis Exchange and as a leading partner for development for cross chain interoperability. 10th February, London – XinFin, creators of the XDC Network — a highly interoperable hybrid blockchain platform positioned to support global trade and finance — today announces a partnership with Kinesis Money, a global trading and utility platform catering to both precious metals and digital assets. As part of the proposed partnership, Kinesis will take a multifaceted approach towards extending its blockchain network to include additional blockchain protocols to operate its native KAU and KAG tokens. In line with this strategy, Kinesis will first list the XDC and XRC20 tokens on the Kinesis Exchange providing XDC holders the ability to trade against precious metals tokens KAU and KAG, which are fully allocated physical gold and silver backed tokens, which hold real world utility for saving, or spending as global currency. There are two separate phases which will develop the partnership. The first aims towards the enablement of minting Kinesis’ gold and silver-backed digital currencies (KAU and KAG respectively) on the XDC Network as XRC20 tokens, and integrating XRC20 KAU and XRC20 KAG tokens on the Kinesis Exchange platform for direct use and utility on the XRC20 protocol. Additionally, XinFin and Kinesis will explore the development of a bridge between the XDC Network blockchain and the Kinesis contract on the Stellar blockchain to allow seamless interchange of these assets. The integration comes at a time when many other Layer 2 projects are deploying on the XDC chain for its scalable, cost-efficient infrastructure and growing community. The XDC Network is recognized as a highly-accommodating Layer 1 Network, with inherent technological advantages and user-friendly mechanics, that complement the vision of the Kinesis ecosystem and partnership model. Thomas Coughlin, CEO at Kinesis, said: “The partnership with XinFin represents an opportunity to expand the utility of KAU and KAG into another trusted, sustainable and thriving digital asset ecosystem. We see many synergies and are eager to see where this partnership takes us.” The upcoming integration will see the creation of a cross-chain bridge allowing interoperability between Kinesis' monetary platform and the XDC Network — bringing added functionality and liquidity to both ecosystems. Billy Sebell, Head of Ecosystem Development at XinFin, said: “We’re thrilled Kinesis has seen the XDC Network as a valuable integration and welcome the opportunity to bridge the two ecosystems. It is a key first step towards a more robust integration between both networks, and it further demonstrates the strength of our ecosystems.” In addition to the bridge, Kinesis will add the XDC Network’s eponymous native token to its roster of assets, with the XDC token representing the next in a carefully devised list of select cryptocurrencies to be added to the Kinesis Money platform. With Kinesis’ oncoming debit card launch, the XDC token, like all cryptocurrencies on the platform, will gain a heightened liquidity as well as compatibility with Kinesis’ crypto overdraft and lending card features. Combining Kinesis’ leveraging of precious metals with XDC’s financial protocol and blockchain innovation stands to make for highly attractive investment vehicles in the very near future. XDC is a delegated proof-of-stake consensus network enabling hybrid relay bridges, instant block finality, and full compliance and interoperability with ISO 20022 financial messaging standards. The native token serves as a settlement mechanism for decentralized applications built on the network. Kinesis Money is a bespoke stellar consensus protocol based global trading and digital asset utility platform, which facilitates the trade, management, and everyday spending of native physical gold and silver-based digital assets and cryptocurrency. The integration comes as part of Kinesis' mission to provide global access to modern digital currencies. XDC Network (XDC) XDC Network is a hybrid blockchain with a public and private state. The network is designed to meet the needs of enterprises seeking to enhance their business infrastructure, reduce costs and improve visibility through blockchain technology. As an EVM-compatible and delegated proof-of-stake powered network, it is both developer-friendly and scalable. XDC Network offers compatibility with ISO 20022 financial messaging standards, interoperable smart contracts, near zero fee transactions, double validation and high security, which all power a wide range of novel blockchain use cases. For more information about XinFin and the XDC Network, please visit www.xinfin.org For more information on XDC, please contact: Leo Park, Cryptoland PR for XDC Network, XDC@cryptolandpr.com
*** OFFICIAL *** Kinesis’ usage-based model rewards participation and enables access to the fair, ethical solution of gold and silver-backed currency. 23rd December, London: Today, Kinesis Money, the monetary system based on 1:1 allocated gold and silver, launches its historic Referrer’s yield, paying out physical gold and silver, back to all referrers. Going forward, all system participants, whose referral activity contributed to the growth of the platform, will be rewarded with a recurring, monthly yield. Since the company’s inception in 2019, over 80,000 users have joined the Kinesis Money financial ecosystem, enabling the use of gold and silver as stable and spendable currencies. As Kinesis Money progressively broadens its global adoption, Kinesis users will continuously benefit from Kinesis’ innovative yields system, earning monthly returns, proportional to the transactional volume and number of users joining the Kinesis community. Thomas Coughlin, CEO of Kinesis says: “The Referrer’s yield comes at a pivotal time in the global expansion of the Kinesis Money ecosystem, as our offering acts as proof that the economic and social pitfalls of the current, global monetary model are solvable. The Referral programme will be inclusive of individuals, businesses and governments alike, and anyone seeking to benefit from the fair and ethical advantages of gold and silver-backed currencies”. With no upper limit to referees that can be introduced to the Kinesis system, the flat-rate referral programme simultaneously rewards those who catalysed the global adoption of the platform and incentivise further participation. The eligible referrers will receive a 7.5% share of all transaction fees generated by their successfully onboarded referees. The Referrer’s Yield is well positioned to welcome an inflow of new system users and integrate physical gold and silver as a vital element of their everyday banking needs.
*** OFFICIAL *** A pivotal step in further broadening the range of carefully selected and most sought-after digital currencies on the market. 2nd December, London: In a much-anticipated announcement, Kinesis Money, the monetary system based 1:1 on fully allocated physical gold and silver, introduces XRP coin (XRP) to the Kinesis Exchange, further enriching Kinesis’ selection of the most in-demand cryptocurrencies, globally. The highly competitive XRP coin, ranked among the top 10 cryptocurrencies based on market capitalisation, is designed to facilitate secure, instantaneous conversion between multiple currencies and networks. Distinguished by its exceptional scalability levels, XRP is focused on transforming global cross-border transactions, ensuring instant settlement, lower exchange fees and more efficient use of investors’ capital within the Kinesis Monetary system. Kinesis is already home to the world’s most traded allocated digitalised gold currency, with $10B traded in 2021 alone. The milestone addition of the XRP coin allows system users to further diversify their portfolios and optimise their crypto trading experience. Commenting on this milestone, Jai Bifulco, CCO of Kinesis, says: “The addition of XRP to the Kinesis Exchange marks another decisive step forward in the Kinesis Money offering, allowing users to connect their day-to-day banking with cryptocurrency and precious metals trading. As more digital coins get successively introduced to the Kinesis ecosystem, the platform’s unlimited potential as a highly specialised, yet easy to use, asset management tool, gets amplified. Kinesis’s vision is not just about enabling gold and silver as currencies, but providing our users with an alternative monetary solution that promotes their financial empowerment and protects their wealth.” Kinesis continues to drive rapid expansion on a global scale, with over 80,000 clients amassed across 151 countries. The powerful market response to the subsequent token listings on the Kinesis Exchange is not only encouraging but will also lead to further expansion of the ever-widening range of cryptocurrencies. Disclaimer: Any information written in this press release does not constitute investment advice. Kinesis Money does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. Kinesis Money is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.
*** OFFICIAL *** The partnership brings superior value and returns to citizens of Latin America, enabling them to earn a passive yield on their gold and silver. 26th October, London: Kinesis Money, the monetary system based on 1:1 allocated gold and silver, partners with major Panama-based vaulting provider, trading hub and broker, Atlas Vaults and Atlas Brokers, to bring superior value and returns to Atlas Vaults and Kinesis clients, and the wider South and Latin American region. Central to the partnership, Atlas Vaults and Atlas Brokers’ will introduce their vast Latin American client base to the Kinesis Money platform, enabling them to earn a passive yield on their precious metals holdings, with all storage and insurance costs covered. The anticipated influx of new users stands to further stimulate Kinesis’ global transactional activity, increasing the yields based on global transaction fee revenue distributed among clients monthly. Following Kinesis Money’s $2.84M October payout on gold and silver, the platform now makes its proven risk-free, usage-based yield on precious metals accessible to the Latin American region through a familiar provider. Pivotal to the partnership, Atlas Vaults’ Panama storage facility will become an approved vault within the global vaulting and trading network of Kinesis’ core partner, Allocated Bullion Exchange (ABX), as well as a member of the ABX Quality Assurance Framework (QAF). Kinesis will utilise the new vault, the 13th across 9 countries, to aggregate pricing and liquidity from a wider range of global trading hubs. In doing so, Kinesis can continue to deliver global investors the best-aggregated pricing and spreads in the precious metals industry. Thomas Coughlin, CEO of Kinesis Money comments: ”Through this newly formed Panama-based hub, Kinesis and Atlas Vaults and Brokers is gearing up to service the region with a top-to-bottom precious metals payment solution. Assisting everyday Latin American citizens in accessing true monetary value, by bringing utility to the most stable store of value in economic history.” The partnership with Atlas Vaults and Atlas Brokers will advance Kinesis’ progressive growth into Latin America. A continent with a long history of price instability and inflation shock, whose citizens will now be able to protect their wealth in assets based 1:1 on physical gold and silver. Alejandro Kapetanakis, CEO of Atlas Vaults & Atlas Brokers comments: "Atlas Vault was created to provide a highly secure and private place to store precious metals in Latin America, which would rival the best of the Swiss vaults. We believe that with Kinesis we can be part of a greater ecosystem that will provide people with an alternative to the economic chaos being caused by the Central banking system, which has destroyed the value and stability of world currencies” Kinesis Money -Kinesis Money is an end-to-end monetary system based 1:1 on physical gold and silver. Founded in 2017, Kinesis was born from Allocated Bullion Exchange, an institutional metals exchange trading globally for over a decade. In just four years, Kinesis has gone from capital raise to the world’s most traded allocated digital gold product, with $10B traded in 2021. Since its inception, Kinesis has driven rapid expansion on a global scale, with 80,000 clients amassed across 151 countries. Through robust vaulting infrastructure and innovative financial technology, Kinesis is reintroducing gold and silver as money. The platform enables citizens across the world to protect their wealth outside of the current broken monetary system. Atlas Group- Atlas Group is a major precious metal broker and vaulting operator offering specialist provision in the vaulting, broker and blockchain spaces, across all central, south and Latin America. Atlas Group comprises three core companies: Atlas International Vault HQ, Panamá; Atlas Broker HQ, Perú; and Sanctorum HQ, Costa Rica. Atlas International Vault HQ, Panamá, is a private vaulting service providing highly secure storage to its substantial LatAm client base. Atlas Broker HQ, Perú is a thriving gold and silver trading hub/broker catering to professional precious physical metals traders and wholesalers within the region. Sanctorum HQ, Costa Rica is an expert blockchain solutions consultant, with extensive experience in the application of financial technology.
*** OFFICIAL *** By distributing profits from transaction fees, Kinesis provides a genuine low-risk alternative to investors at a time of uncertainty and heightened risk among traditional investments 30th September, London: Today, Kinesis Money, the monetary system based on 1:1 allocated gold and silver, launches its Holder’s Yield, whereby a portion of the yield pool, currently valued at $17.5 million, will be distributed every month to people who hold gold and silver with Kinesis. Until now, revenue amassed from the trading or investment in gold was speculative and subject to market fluctuations. Kinesis offers a competitive alternative, with a yield-sharing model that allows participants to increase their holdings of gold and silver, by paying a yield of 15% of overall transaction costs back to them each month. This unique yield system makes Kinesis the only logical place to own gold, as Kinesis stores its metals in world-leading non-bank vaults and covers all storage and insurance costs on behalf of Kinesis users. Gold investors who switch to Kinesis can earn a yield on all gold holdings, as opposed to paying monthly fees like storage and insurance. The Holder’s Yield combines the stable, enduring value of physical gold with a revolutionary model wherein users can earn a risk-free yield based on the mutual sharing of transaction fees as well as get access to its native trading exchange for a complete metals portfolio management solution. Importantly, as inflation begins to soar globally, The Holder’s Yield, paid out monthly in gold and silver, offers a virtually inflation-proof model for the creation of a fortified digital asset portfolio, designed for inherent growth and persistent value – an unmatched way of safeguarding wealth in today’s unpredictable economic climate. Marking a pivotal turning-point for the precious metals industry, gold has never been more accessible than at this very moment; Kinesis has taken gold, one of the most stable stores of value, and transformed the banking infrastructure surrounding the once hoarded, impracticable asset, so that it can be transacted like any other currency intended for mainstream uptake. Cementing what is an industry first, the Holder’s Yield is just the second of five yields that Kinesis will be bringing online over the course of 2021/2022, making Kinesis gold and silver one of the most exciting investments in the precious metals space in the last decade. Thomas Coughlin, CEO of Kinesis, says: “We’re calling on gold investors to make the switch to Kinesis. The Holder’s Yield is not just an industry first, it’s an economic first that renders traditional methods of storing gold obsolete. The yield that we distribute is based purely on transaction fees, meaning it can only generate a positive return – and with our growth, this will only keep growing. By turning the economic model on its head, and distributing some of our profits, we are creating a fairer and more ethical environment for our users to promote and encourage the use of digital gold.” Andrew Maguire, Director of Kinesis, says: “What we’re witnessing here is truly revolutionary for the precious metals industry. It’s unheard of; a yield system based on usage and transaction fee sharing is the solution to risky trading strategies and debt-based loan systems where people’s investments are at risk. And guess what? It’s just the beginning.”
*** OFFICIAL *** The ‘send-to-email’ payment feature enables Kinesis Money users to send digital assets, with only the email address of the recipient required. 30th September, London: Today, Kinesis Money, the monetary system backed 1:1 by precious metals, welcomes the ‘send-to-email’ function to its platform, facilitating the ease of rapid, secure, and easy gold and crypto payments globally. Importantly, this feature update will reduce any barriers to entry to the crypto and gold investment markets. With a rapid onboarding of new users to the platform, more will encounter the visibility and relevance of crypto and gold currencies in their everyday lives, opening the door for people to pay anybody in the world for their services, with the click of a button. Until now, sending crypto payments required information from two parties: a sender and a receiver, to exchange a private key, meaning ‘send-to-email’ will reduce any previous barriers for newcomers to crypto. The function allows instantaneous interaction with a user’s private crypto key via email, eliminating the need to exchange information, thereby making the sending of funds easier than ever. Thomas Coughlin, CEO of Kinesis, says: “We wanted to make the Kinesis platform more accessible than ever, eliminating any and all barriers to entry, with a feature that’s going to transform the way crypto payments happen on a global scale. It’s clear that users want the crypto sending process to be both practical and efficient so that digital assets become vital to our transactional lives.” In addition, through the ‘send-to-email’ feature, existing system participants have the opportunity to invite non-users onto the Kinesis Money platform, automatically qualifying them to receive the Referrer’s yield. The Referrer’s yield, launching next quarter, qualifies Kinesis participants for a 7.5% share of every single one of their referee’s Kinesis transaction fees, for life. The ‘send-to-email’ function launches in advance of the retroactive Referrer’s yield, built to trigger a large-scale adoption of the Kinesis Money platform. As the Kinesis system continues its global expansion, this feature will equip senders with a powerful means of entry into the world of digital gold currencies and crypto.