Gold or Crypto? How About Gold-Backed Cryptos? Kinesis Money

[Peter889]

Gold-backed digital currencies are Stablecoins.

There are 3 types of stablecoin:
1) Fiat-backed stablecoins: These are stablecoins backed by fiat currencies.
2) Crypto-backed stablecoins: Crypto can back other cryptos, which is the case regarding crypto-backed stablecoins.
3) Commodity-backed stablecoins: These stablecoins are kept stable with hard assets, with some examples including gold or real estate. Gold is by far the most used asset to collateralize stablecoins.

Gold-backed digital currencies link one token or coin to a specific quantity of gold (for instance, 1 token equals 1 gram of gold).
There are many gold based Stablecoins: https://www.goldscape.net/gold-blog/gold-ba...cryptocurrency/
Kinesis is one of them: https://kinesis.money

As of 2020 Kinesis ITO was the 10th biggest one in history

https://www.pwc.ch/en/publications/2020/Strategy&_ICO_STO_Study_Version_Spring_2020.pdf

p. 3

Currently Kinesis has a ca. 80.000 members user base

Kinesis Money

 

[Peter889]

Kinesis Money Partners with XinFin and Readies Cross-Chain Bridge To Develop Thriving Digital Asset Ecosystem

"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.

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.



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.

Kinesis Money Integrates with XDC Network and Readies Cross-Chain Bridge To Develop Thriving Digital Asset Ecosystem

Kinesis Announces Plans to add XDC tokens to the Kinesis Exchange and as a leading partner for development for cross chain interoperabilitySINGAPORE / ACCESSWIRE / February 10, 2022 / XinFin, creators of the XDC Network - a highly interoperable hybrid blockchain platform positioned to support...

finance.yahoo.com

 

[Peter889]

Kinesis Partners with Panama-based Provider Atlas Vaults


Kinesis in Latin America

With a history of episodic hyperinflation and current, prolonged inflation in the LatAm region, the Kinesis ecosystem will reduce barriers of entry for those wishing to experience the stability and safety of precious metals investment.

Through the partnership, citizens can easily utilise precious metals as a hedge against the steep inflation rates seen in many countries across Latin America, which reached 10.25%* in Brazil - a recent report has shown.

In times of high inflation, capital investments that gain proven returns are desirable across the board. Intrinsic to this partnership, Atlas Vaults and Atlas Brokers will introduce their significant client base to the Kinesis Money platform, enabling them to generate a passive yield on their precious metals holdings.

By storing precious metals with Kinesis, holders will have instantaneous access to the usage-based yield model that offers a return for simply holding precious metals, with all storage and insurance costs covered. With the October Holder’s Yield payout reaching a total of $2.84 million, investors can generate a proven debt-free, passive return on their bullion investments.

With local currencies continuing to experience the corrosive effects of inflation, Latin American investors are now provided with an alternative investment solution to enhance their portfolios. The Kinesis Monetary system enables LatAm citizens to benefit from easy access to yield-bearing gold and silver, which sits protected in our vaulted, non-banking facility.

As part of Kinesis’ provision for Latin American users, the soon-to-launch Spanish version of the Kinesis Money site will introduce the entire Kinesis product suite in their native language.

The expected influx of Latin American clients is set to trigger an increase in global transactional activity within the Kinesis Monetary System, contributing to the yields of all Kinesis users globally.

Kinesis Partners with Panama-based Provider Atlas Vaults

Find out about Kinesis' partnership with Atlas Vaults and Atlas Brokers, in a pivotal expansion of the Kinesis Vaulting Network.

kinesis.money

 

[Peter889]

From the last Quarterly Update

Debit Card and Banking Partnerships

Work with our new joint venture banking partner has commenced and we will be launching our new global virtual debit card programme to both individual and corporate accounts within the first half of this year. This solution will greatly expand the everyday utility of Kinesis as a monetary system.

The multi-currency Kinesis Global Virtual Debit Card will enable users to easily transact their physical gold, silver, fiat and crypto holdings, in more than 200 different countries and territories.

With the instant conversion of your full range of digital assets at the point of sale, this Kinesis debit card offering will be unique. Fundamentally, the Kinesis card will once again truly monetize precious metals while also offering a competitive edge over traditional banking solutions.

Subsequent services to be released during the year will include:

• Traditional individual and corporate banking (bank accounts);
• Digital asset lending/overdraft facilities; and
• Integration and linking to hard wallet solutions.

Q4 - Quarterly update - Kinesis Global System Expansion

Personal update from Kinesis CEO Thomas Coughlin, reviewing the milestones of the system in Q4 2021 and providing an insight into 2022.

kinesis.money

 

[Peter889]

KAU/KAG Payments & Rewards Program with Merchants

In addition to the Kinesis Debit Card Program to be able to spend and pay with KAU/KAG in real-time for everyday purchases, Kinesis has embarked on a strategy and partnership that connects directly with hundreds of thousands of major merchants (both online and bricks & mortar), that not only facilitates the use of KAU/KAG for real-time purchases but also includes a rewards program.

The rewards program element is a % of the purchase price paid back directly into the client’s Kinesis Account in KAU/KAG (the equivalent of a credit card “cash-back”, with added Kinesis yields).

Q4 - Quarterly update - Kinesis Global System Expansion

Personal update from Kinesis CEO Thomas Coughlin, reviewing the milestones of the system in Q4 2021 and providing an insight into 2022.

kinesis.money

 

[Peter889]

Is it Better to Buy Gold or Bitcoin?

Which one is a better investment depends on your risk tolerance, investing goals, strategy, and how much capital you can handle losing. Consider buying Bitcoin if you want to speculate and join in the fervour for cryptocurrencies.

Bitcoin is young and unproven as an investment whereas gold has dominated the economies and markets for thousands of years as a means of exchange and holding wealth. Gold has been an asset that holds value over long periods and is used to hedge against market downturns.
In a cycle of low and negative real interest rates and a hedge against economic, macro, and geopolitical uncertainty, gold is unrivalled as an asset indispensable in portfolio diversification and wealth preservation.

https://kinesis.money/blog/should-i-invest-in-bitcoin-or-gold-comparison/


Kinesis Money

 

[Peter889]

Q1 – Quarterly Update – Ecosystem Expansion.

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.

Q1 - Ecosystem Expansion - Quarterly update | Thomas Coughlin | Kinesis

The milestone achievements of the Kinesis Monetary System in Q1 2022. A snapshot of what is to come in Q2 2022 and beyond.

kinesis.money

Telegram: Contact @About_Kinesis

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[Peter889]

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.

https://kinesis.money/company-news/q1-ceo-quarterly-update/

https://t.me/About_Kinesis

 

[Peter889]

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.

https://kinesis.money/company-news/q1-ceo-quarterly-update/

Telegram: Contact @Kinesis_Gold_as_Cryptocurrency

t.me

 

[Peter889]

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. (PT POS = Indonesia Postal Service)
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 (Jakarta Futures Exchange) 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.

Telegram: Contact @Kinesis_Gold_as_Cryptocurrency

t.me

Open a Kinesis Account (Affiliate link. No extra-costs using it)

 

[Peter889]

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.


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.

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[Peter889]

Stellar (XLM) trading is now available on the Kinesis Exchange

XLM, the 10th cryptocurrency listed, is now available to Kinesis users. XLM will be paired against 8 fiat pairs, including USD, GBP and EUR, as well as Kinesis’ native stable coins based on physical gold (KAU) and silver (KAG) – enabling greater accessibility to the platform for cryptocurrency traders and investors.

Alongside the existing pool of cryptocurrencies, XLM is spendable on the Kinesis Virtual Card – which allows users to spend their cryptocurrencies, gold or silver in real-time, globally.

XLM’s listing was a natural choice, as Kinesis’ native digital gold and silver-based assets, KAU and KAG, are built on a fork of the Stellar blockchain.

By leveraging the Stellar blockchain, Kinesis can deliver users faster, low-cost global remittances and instant payments in gold and silver via the Kinesis platform.

Since its implementation in 2019, Stellar technology has allowed Kinesis users across the globe to instantly send and receive money using the stable value of physical gold and silver, while helping users to avoid the high costs and FX fees of traditional remittance provision.

Stellar (XLM) trading is now available on the Kinesis Exchange - Coin Rivet

London, United Kingdom, 1st July, 2022, Chainwire XLM, the 10th cryptocurrency listed, is now available to Kinesis users. XLM will be paired against 8 fiat pairs, including USD, GBP and EUR, as well as Kinesis’ native stable coins based on physical gold (KAU) and silver (KAG) – enabling greater...

coinrivet.com

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[Peter889]

Introducing the Kinesis Virtual Card

Features of the Kinesis Virtual Card include:

• Spend assets in real-time with instant conversion
• High daily spend limit – $/£/€15,000
• Spend assets globally
• Earn gold and silver as you spend
• Hold and spend: USD, GBP, EUR, AUD, CAD.
• Transact with Mastercard
• No monthly or sign-up fee
• Spend currencies in your preferred order
• Compatible with Google Pay

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[Peter889]

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