Part 3 - The Vision for Metalback: Integrating Kinesis Pay Merchants

The Metalback program is designed to make everyday purchases more rewarding for Kinesis users – with up to 10% paid in gold – at leading retailers worldwide.

As we covered in Part 1 and Part 2, Kinesis matches all Metalback users’ earnings with a 1:1 contribution to the fee pool, delivering a program that benefits the entire Kinesis community, including referrers and Partners.

In this, its first iteration, the Metalback program is already offering users across the world the opportunity to earn gold at thousands of well-known brands – but this is just the beginning.

Kinesis’ long-term vision is to fully integrate Kinesis Pay and Kinesis Pay merchants into the Metalback hub. At checkout, users will have the option to spend gold and silver via Kinesis Pay at featured merchants, alongside traditional payment options. Kinesis plans to connect everyday precious metals spenders with Kinesis Pay merchants, with a vision to bring enhanced rewards for merchants who choose to accept gold and silver payments.

As the popularity of Metalback grows, more and more merchants will be incentivised to join the Metalback hub and adopt Kinesis Pay to tap into the flow of customers within the Kinesis Monetary System. 

Expansion of Kinesis Merchant Rewards

With Kinesis Pay already adopted by merchants worldwide, the expansion of the rewards portal will make it even easier for customers to find participating merchants across the US, the UK, Canada, Australia and many more regions. Take a look at our merchant map to see the businesses already using Kinesis Pay at their stores. 

The expansion of the Metalback platform will factor in a dedicated hub for Kinesis Pay merchants to enhance the exposure of merchants and offers available at their online stores. This will incentivise the onboarding of additional Kinesis Pay merchants who operate their businesses in precious metals. 

For individuals purchasing at merchants’ online stores with Kinesis Pay, using their gold and silver currencies has no fee, making the spending of metals as easy as with any regular debit card.

The Metalback program, in combination with Kinesis Pay, stands to be a significant volume driver for Kinesis – with Kinesis matching all Metalback earnings 1:1 in gold as a yield pool contribution. 

Rewards beyond precious metals

Metalback offers a competitive rewards proposition that goes beyond precious metals enthusiasts, appealing to individuals across the payments and digital assets space, as well as anyone looking to earn on everyday purchases.

Unlike other cashback programs, Metalback offers virtually no barriers to entry for users who have yet to access the benefits of precious metals. After setting up a free Kinesis account, the Metalback program allows earnings of up to 10% with no limitations placed on the volume of purchases or the user’s choice of payment method.

With Kinesis matching 1:1 the Metalback earnings of users, the contributions to the yield pool will continue to ramp up as more choose the Kinesis platform as their destination for accessing exclusive offers at their favourite brands. 

An all-encompassing rewards hub

The vision for the Metalback rewards hub is set to further boost transactional volume and enhance Kinesis yields. 

With the first phase of Metalback in full swing, we anticipate many more merchants joining the program – with 6,000 already participating – as well as opening up exclusive promotions to the Kinesis community, such as boosted Metalback. 

The Metalback program stands to enhance the rewards for both individuals and the merchant – with a 57.5% share of transaction volume distributed to users each month. The core mission of Kinesis drives the vision of the Metalback program – providing the global community with a rewarding monetary system that works for the many, not the few.

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