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The return of gold in modern commerce

With the tokenization of physical precious metals and the addition of a velocity-based yield, Kinesis currencies combine the best of both precious metals and blockchain technology. With the customer, reaping the reward of a continuous stream of passive income.
We felt it was unfair that money is prone to depreciation in ways we have no control over. We believe the ready-made solution has existed for thousands of years; it just hasn’t had the advantage of technology to allow it to be used in modern life – that solution is gold.
We built Kinesis to reintroduce gold as money, as a global currency that can be used in today’s electronic payments world and be spent via debit card. By uniting tried and tested gold and silver with the latest innovations in Distributed Ledger Technology (DLT) to register ownership of physical bullion in digital form, giving the user the best of both worlds.
Kinesis currencies are representative of real physical gold and silver bullion, stored for free in fortified vaults all around the world, on a 1:1 allocation. Eliminating counterparty risk and ensuring your precious metals retain their value, year after year.
https://kinesis.money/gold-silver/
The Kinesis Monetary System is live
With over $200 raised as start-up capital, this is destined to become one of the major realities in the cryptocurrency sphere.
In Indonesia it enjoys already the support of the government
https://kinesisgoldstablecoins.com/kinesis-to-launch-revolutionary-new-bullion-backed-monetary-system-in-indonesia/
You can follow Kinesis market cap on the Kinesis blockchain
https://explorer.kinesis.money
You can find a schematic presentation of this project here
https://kinesisgoldstablecoins.com/kinesis-gold-is-money/
… and of course, the rocky adclip couldn’t be missing :D
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So, the Kinesis platform was launced 2 weeks ago.
To be honest, I expected a bigger ICO, and a couple of eyes catching announcements...
Sure, until now 62kg of gold and 10 tons of silver have been minted (https://explorer.kinesis.money), which means $3.1 millions of gold currency and $6.5 millions of silver currency have been created, which means, Kinesis market cap ($9.5 millions) is already, and by far, the highest one among all gold-backed Stablecoin systems (https://www.goldscape.net/gold-blog/gold-backed-cryptocurrency/) (the second biggest one, as far as I know, is Digix (https://digix.global) with ca. 4$ millions),
sure, I’m not aware of any crypto project having raised over $200 millions as start up capital,
but still, it’s less than what I had expected...
The main reason for Kinesis ICO not being as high as expected, seems to be that institutional investors, due to some insurance related issues, haven’t started to mint coins yet.
As to now, k-currencies can be sent and exchanged for fiat or other cryptos on the Kinesis Blockchain Exchange (https://kinesis.money/exchange/), but they cannot be spent, as the Kinesis Debit Card is not ready yet.
Kinesis says, the Card will be ready in Q4.
As far as I understand it, the Kinesis Monetary System is designed in such a way that spending K-currencies will be the center of it.
Sure, K-currencies will be sent and traded, but the main volume should come from using k-currencies in order to buy goods or services (which, after all, should be the main function of a crypto-currency, as long as currency means money).
There is another point to note: Kinesis offers a yield to all who participate into it.
This yield comes from the fees collected through transactions.
The higher the volume, the higher the yield.
I guess, until the Debit Card doesn’t come in, said yield will be minimal, and with that the interest of potential users.
Once K-currencies start being used in Indonesia (https://financialit.net/content/welcome-financial-it), the volume should increase exponentially.
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An elegant, and quite entertaining introduction to the Kinesis Monetary System, by Shane Morand (https://shanemorand.com)
10 Min.
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Next Monday 25.Nov.2019, 05:00 PM London time, Kinesis Advisor Shane Morand is going to host the first of a series of weekly webinars.
Each week Shane will be taking his audience through the latest updates to The First 500, Kinesis current referral contest with a prize pool of $645,000, along with featuring a special guest.
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Kinesis Partners With XcelTrip Enabling Bookings Using Gold And Silver
Kinesis today announces its latest partnership with XcelTrip, an online platform that allows holidaymakers from around the world to book over 1.5 million hotels and resorts, and more than 400 airlines. XcelTrip provides their half a million client user base with the currently rare opportunity to book travel arrangements using a wide range of cryptocurrency payment options.
As part of this partnership, Kinesis is excited to announce that XcelTrip is now accepting Kinesis KAU, the fully allocated, 1:1 gold-based currency, as a payment option via their website or associated mobile app.
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If this platform focuses on the progress of cryptocurerncy progress, I am sure gold will continue to continue to support Kinesis because gold is indeed widely used by many people in the real world.
I also see that Kinesis should be able to improve itself because I cannot see the Kinesis / USD price chart when pressing this button = https://kinesis.money/exchange/
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I also see that Kinesis should be able to improve itself because I cannot see the Kinesis / USD price chart when pressing this button = https://kinesis.money/exchange/
@ damsix,
Kinesis has two currencies: one gold backed, KAU, and one silver backed, KAG.
This is the KAU / USD price chart
(http://goldpricez.com/charts/gold-price/gold-price-per-gram-in-usd.png)
And this is the KAG / USD price chart
(https://goldprice.org/charts/silver_1d_o_NOK_z.png)
:)
There is no point in showing Kinesis currencies / USD price charts:
The Kinesis KAU / USD price chart is exactly the same as the 1 Gramm gold / USD price chart, as 1 KAU = 1 Gramm of gold.
The Kinesis KAG / USD price chart is exactly the same as the 1 ounce silver / USD price chart, as 1 KAG = 1 ounce of silver.
At the moment, the Kinesis Exchange is in its beta version, so very low volume.
https://explorer.kinesis.money
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Kinesis Releases Their Mobile App (https://kinesisgoldstablecoins.com/the-kinesis-mobile-app-is-now-available/)
Through the now available mobile app Kinesis users can buy, sell, send or just store their gold- and silver-backed stablecoins: money can be sent internationally as well as domestically instantly, at a cost of 0.45% of the transaction amount.
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So this KINESIS supports Gold and Silver, right?
Does KINESIS have other cryptocurrency products such as for Oil and Gas?
Does KINESIS also have stable coins with USD, EURO or AUD ?
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So this KINESIS supports Gold and Silver, right?
Does KINESIS have other cryptocurrency products such as for Oil and Gas?
Does KINESIS also have stable coins with USD, EURO or AUD ?
No oil, no gas or other commodities.
They had planned diamonds, a crypto backed by diamonds, they called it KEM I think, Kinesis Emeralds (or something like that), but in the last update they said that this idea was postponed indefinitely, in other words, the idea is gone for good :)
AFAIK they are not planning to introduce fiat backed cryptos either.
Only gold and silver
and that's good enough :)
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If this platform focuses on the progress of cryptocurerncy progress, I am sure gold will continue to continue to support Kinesis because gold is indeed widely used by many people in the real world.
I also see that Kinesis should be able to improve itself because I cannot see the Kinesis / USD price chart when pressing this button = https://kinesis.money/exchange/
Hi damsix,
meanwhile kinesis seems to have improved itself :)
In order to see the Kinesis / USD price chart you have to log in, which means you must have a kinesis account.
Once logged in, you can see all the currency pairs (Kinesis/USD, Kinesis/BTC, Kinesis/ETH ecc.) with their price charts.
I don't know why they don't make the Kinesis/USD chart public. It shouldn't be a mystery :-\
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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
SINGAPORE / ACCESSWIRE / February 10, 2022 /
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.
About XDC Network (XDC)
XDC Network is a hybrid blockchain equipped 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.
About 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 over $10B traded in 2021. Since its inception, Kinesis has driven rapid expansion on a global scale, with 80,000 + clients amassed across 151 countries.
https://finance.yahoo.com/news/kinesis-money-integrates-xdc-network-163000191.html
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XDC XINFIN Kinesis Partnership Announcement
ABOUT XinFin
We as an organization are on a mission to improve the overall deficit in the global infrastructure with the help of Blockchain technology. We as a company have revolutionized the concept of peer-to-peer transaction by using community driven digital assets in an open source blockchain platform.
The core idea behind our initiative is to make the transactions more secure and transparent among the parties involved in a cross-border trade. XinFin, as an organization; believes in establishing an environment that will help businesses to thrive without having to worry about the hassles of the international fund transfer.
XinFin Foundation is a non-profit organization which liaises with different international governments in order to reduce the existing gap in global infrastructure. According to XinFin, the lack of government sponsored financing hinders the possibility of many infrastructure projects around the globe.
However, by means of creating a secured blockchain transaction platform, XinFin aims to bridge that gap wherein the investors can bid for different infrastructure projects and finance them in a smoother way, thereby avoiding all the issues and paperwork that arises during the process of allocating finance to an infrastructure project happening in a different country. The idea is to leverage the facilities of blockchain platform to connect the investors and the developers in a secure environment thereby allowing them to transact finances against certain secured digital assets.
https://xinfin.org/about
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Just to elaborate about the partnership Kinesis-XDC:
This partnership Kinesis-XDC allows cross borders payments to be done in gold and silver instead of fiat currencies: John can send 100 $ to Jim, who receives 80 euros, except with minimal processing fees and time and zero manual conversion.
Through this partnership, Kinesis currencies, KAU (gold) and KAG (silver), become a viable alternative to fiat currencies within the global cross border payment space, both for individuals and companies, and even for government agencies.
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For our Latin American friends
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.
https://kinesis.money/company-news/kinesis-partners-with-atlas-vaults/
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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).
https://kinesis.money/company-news/q4-ceo-quarterly-update/
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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/
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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.
https://kinesis.money/company-news/q1-ceo-quarterly-update/
The kinesis card will allow users to use their precious metals to buy things in everyday life, at point of sale.
No need of a bank account anymore :)
There is a new Channel on Telegram about Kinesis
https://t.me/Kinesis_Gold_as_Cryptocurrency
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Indonesia Update (https://kinesis.money/company-news/q1-ceo-quarterly-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://t.me/Kinesis_Gold_as_Cryptocurrency
* PT POS = Indonesia Postal Service
*JFX = Jakarta Futures Exchange
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Tether vs. KAU:
The Difference Between Fiat Stablecoins and Gold Stablecoins (https://kinesis.money/blog/kau-vs-tether-stablecoin/)
What is Tether?
Tether (USDT) made its stance on the crypto scene when its trading started in 2015. It quickly established itself as a fiat-backed alternative to standard cryptocurrencies like Bitcoin or Litecoin, which experience extreme market volatility.
As the name suggests, Tether is a cryptocurrency that is 1:1 allocated – or tethered – to the equivalent amount in traditional fiat currency, specifically the US dollar (USD).
Today, it ranks 5th among the leading world cryptocurrencies, according to its coin market capitalization, certainly making it one to watch.
How does Tether stay at $1 dollar?
Since one Tether coin is pegged 1:1 to the US dollar, it is not surprising that its valuation should rest comfortably at a pricing of $1 for a coin.
This single fact can be attributed to Tether’s success, as a cryptocurrency with a proposition to ensure the collateralized, fully allocated value of each coin.

A Dip in the Market
Despite Tether’s reputation as a stablecoin, its price has dipped below the value of $1 a number of times in recent years.
Tether sparked controversy in 2019, causing an alarming debate about the integrity of the cryptocurrency when an investigation into Tether’s trading platform revealed that it was not fully backed by the dollar. In fact, the landmark investigation by New York Attorney General, Letitia James, found that Tether was in fact only 74% backed by the dollar at the time.
A few months before in November 2018, Tether Ltd. published an audit report of their cash reserve at Deltec Bank & Trust Ltd. but at least $700 million was removed from Tether’s account the following day. Without user awareness, it was revealed that this sum was moved from Tether’s account to Bitifinex’s – one of their affiliated companies.
Trust in Stablecoin
Since the scandalous revelations about Tether unfolded, users continued to trade the cryptocurrency, as evidenced by its trade volume which has almost doubled since late 2018.
However, when scandals like this one are publicised, general trust for crypto, especially a currency that claimed to be a stablecoin, can be severely dented.
After Tether published the report on their dubiously audited cash reserves, Tether denied further commentary on the investigation but conceded to pay an $18 million fine as settlement, promising to provide quarterly audits of their reserves for the next two years.
To avoid future penalisation, Tether clarified their claim of being 100% backed, making the following addition on their website:
“Every Tether token is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”).”
Tether’s reserves, revealed as being diversified across unnamed third parties and affiliates, was a public response from the company that left participants questioning the security of it as a digital asset.
One damning report even suggests that Tether’s cash reserves only back the USDT tokens by 2.9% as opposed to the 100% backing initially promised by the company.
Clearly, this presents a problem for customers who want to exchange their USDT tokens for physical US dollars, as the company does not provide any guarantee of physical redemption.
In contrast, when Kinesis users redeem the value of the Kinesis gold-backed KAU, they receive its equivalent value, since KAU is always backed 1:1 with physical gold bullion.
With biannual audits published twice a year, Kinesis seeks to provide a fair and transparent monetary system for all users on the platform.

A Question of Value
With fiat, crypto or alternative forms of currencies, it is clear that money cannot just be a medium of exchange but must also function as a store of value. Hence, the instability of Tether as a supposedly stablecoin will continue as long as the dollar is not linked to a stable asset or commodity backing its value, such as precious metals.
Market analysts have shown that gold and the dollar oftentimes have an inverse relationship, so while the dollar has depreciated, gold has appreciated in value over time. The dollar has historically depreciated in value, in line with inflation, since its value was separated from gold after the fall of the Bretton Woods Agreement in 1971. However, gold has appreciated in value almost 50 times over since this date, making it the asset of enduring value.
By modelling a system on the steady and stable value of gold, Kinesis offers a true alternative to the ills of the byzantine banking system.
In comparison to Tether, Kinesis KAU and KAG currencies enable users to generate a recurring passive monthly yield simply for holding the gold and silver in their Kinesis accounts or wallets.
In today’s low or even negative-yielding environment, the need for gold-backed stablecoins is clear, in addition to a currency that ensures protection against inflation, which fiat currencies do not.
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Kinesis announces the completion of its first independent audit of 2022 (https://kinesis.money/company-news/kinesis-completes-third-independent-metals-audit/)
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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Stellar (XLM) trading is now available on the Kinesis Exchange (https://coinrivet.com/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.
Jai Bifulco, Chief Commercial Officer at Kinesis, comments “Stellar’s addition to the Kinesis ecosystem is very welcome, as Kinesis has been a proud supporter of Stellar from its inception. With XLM listed on our platform, holders of stellar can now not only trade XLM but use the asset as a real-world currency. Additionally, Kinesis allows users to hedge in our native gold and silver-based assets, KAU and KAG, allowing the global crypto community to park their crypto profits in the stable value of gold, while the crypto market experiences volatility”
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Introducing the Kinesis Virtual Card (https://kinesis.money/company-news/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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This appears to be a relatively new stablecoin, although it has been in the works for at least three years now. The idea of backing a stablecoin with gold and other precious metals is not new. Many projects have already proposed this approach. But I don't see them having a good success. Since these are private and other commercial coins, the whole difficulty lies in the fact that users not only believe that this coin will clearly be backed by these precious metals, but also be able to verify this and have some kind of guarantee against possible abuse by its team. Otherwise, it will be an ordinary financial pyramid, no matter what they say here.
Only a strong state can give the greatest guarantee. But everyone can try to create something similar. Suddenly in this direction something will turn out more reliable.
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This appears to be a relatively new stablecoin, although it has been in the works for at least three years now. The idea of backing a stablecoin with gold and other precious metals is not new. Many projects have already proposed this approach. But I don't see them having a good success.
Hello Legend :D you have some good points.
kinesis has been in the works for ca. 5 years. That's when their ITO started, selling KVTs in order to raise start up financing.
Until now they have tried this and that, some partnerships, for some time they had a debit card which they discontinued, last year, I don't know why.
Now they are launching their new debit card with another partner, Baanx. Currently beta testing is running. The problem is, it has to work globally: many countries, different legislations etc.
Let's not forget that they come out from the Allocated Bullion Exchange (same management), an institutional web based exchange for precious metals, https://abx.com
ABX exists since 2011, I think.
Kinesis have this big advantage vs. all other gold-backed cryptos, they (kinesis) can use the whole infrastructure (among others, the 12 vaults in 9 countries) and the network of private and institutional clients and partners of ABX.
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Since these are private and other commercial coins, the whole difficulty lies in the fact that users not only believe that this coin will clearly be backed by these precious metals, but also be able to verify this and have some kind of guarantee against possible abuse by its team. Otherwise, it will be an ordinary financial pyramid, no matter what they say here.
Only a strong state can give the greatest guarantee.
A couple of weeks ago I discussed this last point of yours with the admin of the Russian section of this forum, he made the same point.
Allow me a couple of remarks
a) Originally the crypto world was permeated by a mistrust towards the state. Originally, crypto-currencies were seen as competition to state-currencies. The whole crypto project was understood as a chance of freeing people from the financial slavery towards states.
It is ironic that when gold-backed stablecoins are concerned, crypto people call for the state to step in and take control.
b) I'm almost sure that should some government agency declare that the a gold backed Stablecoin is backed by gold, I'll hear from your side, Why should I trust the government ;)
My point is, following your logic ("I don't want to trust anybody"), a stablecoin backed by no matter what, is impossible.
c) "Under the ABX Quality Assurance Framework (QAF), bi-annual audits are performed by Inspectorate International Ltd., a Bureau Veritas company – a leading global physical commodity audit and inspection specialist."
This is Bureau Veritas: https://www.bureauveritas.co.uk
"a globally leading company for testing, inspection and certification."
Do you really think that such a massive company, founded in 1828, almost 200 years old, would risk to get destroyed, their management going to prison, for what? Cheating in favour of someone insignificant like kinesis?
Be realistic, use common sense.
This is the 2020 audit result
https://kinesis.money/resources/kinesis_audit_october_2020.pdf
after 2020 it was impossible to make an audit because of Covid restrictions: the audit requires that all 12 vaults get audited at the same time, but the 9 countries where those 12 vaults are located have different Covid regulations.
By the way, "testing, inspection and certification" doesn't mean that these people go inside, walk 10 minutes around, make a couple of pictures, shake hands and go home.
Auditing takes days, they count the bars one by one, they check the bar numbers, the test the purity of the bars, the check if the bars some from refineries that are enlisted in the Good Delivery System of the London Bullion Metal Association (https://en.wikipedia.org/wiki/Good_Delivery).
d) You use the fiat currency of your country, you trust it, even if your central bank doesn't offer no audit of their assets.
Kinesis does.
You have a bank account, you trust your bank when you transfer and receive money, but your bank doesn't offer no audit of their assets.
Kinesis does.
The biggest investment vehicles worldwide for precious metals, the Exchange Traded Funds (ETF), they don't offer any audit.
Kinesis does.
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(https://static.wixstatic.com/media/467f18_7ed787755bc14664868c1bd07f913edc~mv2.jpg/v1/fill/w_500,h_500,al_c,q_85,usm_0.66_1.00_0.01/467f18_7ed787755bc14664868c1bd07f913edc~mv2.jpg) (https://static.wixstatic.com/media/467f18_7e367c4b9b6340d6bcc99ff2b2809ac0~mv2.jpg/v1/fill/w_500,h_500,al_c,q_85,usm_0.66_1.00_0.01/467f18_7e367c4b9b6340d6bcc99ff2b2809ac0~mv2.jpg) (https://static.wixstatic.com/media/467f18_60f8ffc686bf446a9701e499aa7e9e4c~mv2.jpg/v1/fill/w_500,h_500,al_c,q_85,usm_0.66_1.00_0.01/467f18_60f8ffc686bf446a9701e499aa7e9e4c~mv2.jpg)
Kinesis now offer not only digital gold & silver but through their own mint in Turkey they produce their own physical bullion too
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(https://cdn.statcdn.com/Infographic/images/normal/30867.jpeg)
Of 154 countries analyzed by blockchain data platform Chainalysis, India ranks the highest in grassroots crypto adoption by far. While countries with higher purchasing power would naturally score better when looking at transaction volumes, according to Chainalysis experts, the index measures where "average, everyday people are embracing crypto the most."
This serves as anecdotal evidence to the claim that cryptocurrency is seen by many as a financial equalizer for the un- or underbanked in so-called developing countries, even though crypto scams, hacks and fraud are widespread and substantial improvements to the living conditions connected to crypto in the respective countries have yet to materialize. What does indeed materialize is that crypto can effectively circumvent government restrictions.
www.statista.com (https://www.statista.com/chart/30867/ranking-of-countries-on-the-global-crypto-adoption-index/)
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The 2023 Global Crypto Adoption Index: Central & Southern Asia Are Leading the Way in Grassroots Crypto Adoption (https://www.chainalysis.com/blog/2023-global-crypto-adoption-index/)
India Central & Southern Asia and Oceania
Nigeria Sub-Saharan Africa
Vietnam Central & Southern Asia and Oceania
United States North America
Ukraine Eastern Europe
Philippines Central & Southern Asia and Oceania
Indonesia Central & Southern Asia and Oceania
Pakistan Central & Southern Asia and Oceania
Brazil Latin America
Thailand Central & Southern Asia and Oceania
China Eastern Asia
Turkey Middle East & North Africa
Russia Eastern Europe
United Kingdom Central, Northern, & Western Europe
Argentina Latin America
Mexico Latin America
Bangladesh Central & Southern Asia and Oceania
Japan Eastern Asia
Canada North America
Morocco Middle East & North Africa
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2021
(https://i3.wp.com/invezz.com/wp-content/uploads/2021/03/invezz-countries-cryptocurrencies-666x1024.jpg)
blockcast.cc/news (https://blockcast.cc/news/the-top-50-countries-most-interested-in-cryptocurrency/)
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2021 Global Crypto Adoption Index
(https://news.bitcoin.com/global-cryptocurrency-adoption-jumps-881-led-by-asian-countries-index-shows/)
(https://static.news.bitcoin.com/wp-content/uploads/2021/08/chainalysis.jpg)
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Kinesis passes Q3 audit 2023 (https://kinesis.money/company-news/kinesis-passes-quarterly-audit-q3-2023/)
Kinesis is pleased to announce that we have passed the Q3 2023 independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.
The independent audit provides community members with verification that all Kinesis gold (KAU) and silver (KAG) within the Kinesis Monetary System are backed by a 1:1 allocation of physical gold and silver bullion.
Q3 2023 Quarterly Audit
On the 19th of July 2023, Kinesis’ strategic partner, Allocated Bullion Exchange (ABX), produced an inventory report of all physical gold and silver attributed to Kinesis Cayman.
The report was presented to Inspectorate International to conduct an independent audit, undertaken across ABX’s global vaulting network, on the 19th and 20th of July 2023.
On the 19th of July 2023, at the time the inventory reports were generated, Kinesis gold (KAU) and silver (KAG) in circulation were as follows:
KAU: 1,272,991.795 (as of ledger number 26939516, Wed, 19 Jul 2023)
KAG: 3,365,107.175 (as of ledger number 26968006, Wed, 19 Jul 2023)
All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.
The independent audit confirmed the following metal quantities held by Kinesis Cayman as of Wednesday, 19th July 2023.
Gold (9999 fine equivalent): 1,274,991.795g
Silver (999 fine equivalent): 3,370,099.646ozt
Inspectorate International’s independent report confirmed that Kinesis’ precious metals holdings were as stated, with Kinesis passing all criteria of the inspection.
See the latest audit report here (https://kinesis.money/wp-content/uploads/2023/08/Kinesis-Audit-July-2023.pdf)
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(https://kinesis.money/wp-content/uploads/2023/04/Q1-2-Update-Feature-Image.png)
Kinesis Pay
Tapping into the online payments and e-commerce space, Kinesis launched the bespoke Kinesis Pay payment plug-in, allowing online businesses to accept payments in Kinesis gold (KAU) and silver (KAG).
When integrated with a merchant’s online store, the globally available Kinesis Pay feature enables businesses to receive payments in the secure, time-proven value of physical gold and silver.
The moment businesses receive their first precious metals payment, they become eligible to receive a passive Holder’s yield on their gold and silver holdings. Merchants who participate in Kinesis Pay are also broadening their businesses’ range of payment currencies while simultaneously diversifying their company asset holdings.
At the same time, Kinesis Pay enables customers to make instant purchases of precious metals outside the traditional fiat banking system, further encouraging the global adoption of gold and silver as global currencies.
Indonesia
In another successful integration, we announced a new Kinesis-powered, white-labelled gold savings application for the Indonesian Hajj Brotherhood Association (IPHI).
As Kinesis gold is fully shariah-compliant, the IPHI selected Kinesis’ native asset to introduce gold savings to their 10-million-strong membership, comprised of Indonesian citizens of the Islamic faith who have taken part in the annual Hajj pilgrimage. Through the white-labelled solution, Kinesis’ gold savings technology can also be utilised for the Gold to Mecca and #GoldforNation initiatives.
With the proven versatility of Kinesis technology, the scope for future integrations is near-limitless. The infrastructure is built for deployment with global governments and organisations seeking to provide greater economic stability and financial access. Kinesis will continue to build and progress integrations within the region, providing citizens across Indonesia with low-cost mobile access to the timeless value of gold bullion.
External Exchange listings
In the first quarter of the year, Kinesis gold (KAU) and silver (KAG) were listed on the Dubai-based Emirex exchange, introducing Shariah-compliant physical precious metals to the thriving Middle Eastern markets.
In addition, Kinesis gold was listed on the BitMart cryptocurrency exchange, offering traders and investors more avenues to buy, sell and trade physical gold and silver outside of the Kinesis platform. The exchange listings of Kinesis’ digital assets provide further access to the stable value of precious metals through fairly-priced, fully-allocated physical gold and silver.
In addition to the increased brand visibility, the external listings of Kinesis’ native currencies incentivise Emirex and Bitmart traders to join the Kinesis platform. As awareness of Kinesis grows on the Emirex exchange, we anticipate users transferring their assets to the Kinesis platform to access Kinesis yields, physical redemption and the global utility of the Kinesis Virtual Card.
Merchandise store
Kinesis Ma’at Coin 2023 edition
Kinesis platform updates
Kinesis passes Q1 2023 Independent audit
Kinesis website revamp
Vaultside AMA with Kinesis CEO
Q1 – Q2 2023 – Quarterly Update (https://kinesis.money/company-news/q1-q2-2023-ceo-quarterly-update/)
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(https://kinesis.money/wp-content/uploads/2023/07/Q2-3-Update-Feature-Image.png)
KVT Yield Launch Pays Out Nearly $5m
In a monumental milestone for Kinesis, the fifth and final yield within the innovative Kinesis Yield System launched on the 30th of April 2023. The first payout rewarded all Kinesis Velocity Token (KVT) holders with their proportional 20% share of all Kinesis’ global transaction fees.
The initial yield payment saw $4.89 million worth of physical gold and silver shared with all eligible KVT holders. Following the yield launch, KVT holders will continue to receive their fixed share in the growth of the Kinesis system – paid in gold and silver, each month.
With the entire yield engine now live on the platform, Kinesis rewards those who choose an ethical, stable monetary alternative, offering users a substantial share in the long-term growth of the Kinesis Monetary System.
New Quarterly Audit Schedule
In response to our community’s feedback, we introduced a more frequent, quarterly auditing schedule, further reinforcing our commitment to transparency and integrity. Going forward, Kinesis will continue to update the community with audits on a quarterly basis, in line with this new reporting structure.
KAU and KAG Listed on Coinmarketcap and CoinGecko
At the beginning of Q2, Kinesis’ gold KAU and silver KAG assets were officially listed on Coinmarketcap and CoinGecko.
As two of the largest cryptocurrency data aggregators in the world, this was a significant milestone for Kinesis and a major step towards enhancing the visibility and accessibility of Kinesis gold and silver-backed currency assets.
The Kinesis Exchange is also listed on CoinGecko, therefore making total KAU and KAG volumes in line with true volumes. There is ongoing work happening currently to have the Kinesis Exchange properly listed on Coinmarketcap, which will fully realise the total volume on our KAU and KAG pairs there also.
https://kinesis.money/company-news/q2-q3-2023-ceo-quarterly-update/
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Q3-Q4 2023 – Quarterly Update (https://kinesis.money/company-news/q3-q4-2023-ceo-quarterly-update/)
(https://kinesis.money/wp-content/uploads/2023/10/Q3-4-Update-Feature-Image.png)
Kinesis Aurum® bills
In Q3, Kinesis established a global, collaborative partnership with Valaurum, the manufacturer of the patented Aurum® gold bill, to produce a series of Kinesis gold bills that provide gold investors and collectors a new way to spend and store physical gold.
By incorporating small, practical denominations of physical gold into Kinesis Aurum® gold bills, the partnership reaffirms Kinesis’ position at the forefront of precious metals spending.
Through encasing physical gold within banknotes, Kinesis Aurum® reintroduces physical gold as a circulating currency, which can also be spent, vaulted, minted, and redeemed through the Kinesis platform, serving as a yield-stimulating driver.
Kinesis Aurum® is positioned to drive further utility and real-world adoption of Kinesis’ flagship gold asset, whilst also bringing increased interest and exposure to the Kinesis Bullion store. The bills will be independently marketed and sold through the store alongside Kinesis’ range of gold and silver bullion products.
Northstar & Badcharts partnership
Kinesis partnered with leading technical analysis experts, Northstar & Badcharts (NSBC), to offer Kinesis users an exclusive 50% discount on their subscription service.
The partnership saw Kinesis and Northstar & Badcharts (NSBC) come together to make trading more accessible to the Kinesis community through their industry-leading trading education platform and technical analysis service.
Northstar & Badcharts’ technical analysts, Patrick Karim and Kevin Wadsworth, have a time-proven track record of increasing their members’ gold and silver holdings by applying their decades of industry experience to the markets.
Furthermore, the exposure and reputation attached to the NSBC platform highlight the wealth-preserving benefits of the Kinesis ecosystem to an engaged audience of traders and gold investors.
Kinesis successfully passed the Q3 audit
On the 19th of July 2023, Kinesis passed the Q3 2023 independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.
Once again, the independent, quarterly audit provided community members with verification that all Kinesis gold (KAU) and silver (KAG) within the Kinesis Monetary System are backed by a 1:1 allocation of physical gold and silver bullion.
The successful completion of Kinesis’ Q3 2023 audit demonstrates our unwavering commitment to security and transparency, providing the community with complete assurance that their gold and silver holdings are in safe hands.
All Kinesis audits are publicly available on the website here.
All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.
The official launch of POSPay Gold
In September, the Vice President of Indonesia, K.H. Ma’ruf Amin, officially launched the Kinesis-powered physical gold trading application, POSPay Gold, nationwide.
Created in partnership with the Indonesian state-run postal service, PT Pos, the POSPay Gold application provides Indonesia’s predominantly Muslim population with instant access to Sharia-compliant physical gold trading and ownership.
During his speech at the Sharia Economic Seminar, the Vice President emphasised the significance of an inclusive and sustainable digital ecosystem, appreciating the synergic effort of various organisations – such as Kinesis – in supporting financial inclusion and encouraging the nation’s digital transformation.
The launch of the POSPay Gold application, integrated within PT Pos’ existing PosPay Super App, makes physical gold trading accessible to citizens across the nation.
Kinesis has already begun to see an increase in Indonesian users on the platform.
Supporting C4SM’s initiative in the move towards sound money
On behalf of Citizens for Sound Money, chaired by Jim Forsythe, we encourage members of the Kinesis community to join our long-time partner on a mission towards our shared goal of establishing fair, honest money everywhere.
Last month, Kinesis backed the fundraising efforts of C4SM’s legislative agenda, which aims to bring formal recognition of gold and silver as legal tender across the US; establish state depositories for precious metals and support the rollout of Asset-Backed Digital Currencies (ABDCs).
C4SM has already seen recent success with legislative efforts that support the critical shift toward sound money, resulting in solid commitments from influential figures in the Florida legislative landscape.
We want to thank the community for your generous contributions, all of which bring us closer towards our common vision of advocating for sound money globally.
Support Centre Restructure
In recent months, the Kinesis team has undertaken a comprehensive restructuring of our Support Centre, consisting of a complete redesign of the user experience (UX) and a content update. This initiative involved the revision of approximately 47,000 words of support articles and the introduction of an intuitive new navigation structure.
Users seeking to familiarise themselves better with the Kinesis Monetary System can now explore a greater selection of categories and articles covering the vast range of products and services Kinesis offers.
The new User Guides section comprises a series of beneficial step-by-step walkthroughs and informative learning videos hosted by some familiar faces for many of you, the Kinesis account executives. Furthermore, from the Support Centre homepage, users now have more direct access to our community forum, where they can engage with fellow members to collectively explore the platform or discuss the latest milestones achieved by Kinesis.
Beyond its pleasing aesthetics, the new layout represents a significant stride in enhancing user experience and delivering information in a more straightforward and accessible manner to our community.
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If you want to trade cryptos or precious metals with your smartphone you can download the Kinesis mobile app from Google Play (https://play.google.com/store/apps/details?id=com.kinesis.kinesisapp) or from the Apple Store (https://apps.apple.com/us/app/kinesis-buy-gold-and-silver/id1490483608?ls=1)
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Low-cost SEPA deposits live for European users
Kinesis has launched a new simple, low-cost SEPA deposit option for users based in the European Economic Area.
The introduction of SEPA transfers to the Kinesis platform brings greater ease and value to EEA-based Kinesis account holders, who can now deposit their Euro (EUR) funds as easily and conveniently as a regular domestic bank transfer.
On the Kinesis platform, the addition of SEPA transfers enables account holders to make EUR-to-EUR deposits, with a fixed rate of €0.30 per transaction charged on the Kinesis side, regardless of the amount of funds sent.
What are SEPA transfers?
Single Euro Payments Area (SEPA) is a Europe-wide payment network allowing users to make fast cross-border bank transactions between countries within the European Economic Area (EEA).
SEPA transfers, which are operated through IBAN identification codes, are widely recognised as one of the most time and cost-efficient ways to send and receive Euros, within the EEA.
The International Bank Account Numbers (IBAN) provide an additional layer of security for each Kinesis user who deposits their funds to Kinesis using SEPA transfers, further safeguarding them against counter-party risk.
How to easily deposit Euro into the Kinesis platform
With the new SEPA transfer option, depositing Euro into the Kinesis account takes only a few simple steps. As the user selects the Euro as the currency they wish to deposit, Kinesis auto-generates their unique Virtual IBAN accounts, which can be immediately used to send funds from their external bank account.
These virtual accounts are separate from Kinesis and are kept solely in the holder’s name at all times, further removing counter-party risk for a user.
Importantly, IBAN payment technology is designed to protect users’ account data and never disclose it, and can only serve to deposit money into the recipient’s account but makes it impossible to withdraw or transfer funds from the user’s account.
Similarly, the European Kinesis account holders can also create their unique details to make direct British Pound (GBP) deposits onto the platform from any country within the EEA.
Use gold and silver as money with the Kinesis Card
Hand in hand with the upcoming physical Kinesis Visa Debit Card (EEA), the new deposit method makes it simpler for our European community members to start using gold and silver as their everyday currency – with instant fiat conversion.
The low-cost, local deposit options make it easier for users to deposit their salaries into their Kinesis accounts and convert their earnings into spendable precious metals, each payday.
With the new SEPA deposit option, Kinesis opens up greater accessibility to precious metals for millions of people across Europe.
kinesis.money (https://kinesis.money/company-news/sepa-deposits-live-european-users/)
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Kinesis passes Q4 audit 2023
(https://kinesis.money/wp-content/uploads/2023/12/Feature-Image-1-683x376-c-default.webp)
On the 16th of October 2023, Kinesis’ strategic partner, Allocated Bullion Exchange (ABX), produced an inventory report of all physical gold and silver attributed to Kinesis Cayman.
The report was presented to Inspectorate International to conduct an independent audit, undertaken across ABX’s global vaulting network, on the 17th, 18th and 19th of October 2023.
On the 16th of October 2023, at the time the inventory reports were generated, Kinesis gold (KAU) and silver (KAG) in circulation were as follows:
KAU: 1,293,465.201 (as of ledger number 28360037, Mon, 16 Oct 2023)
KAG: 3,500,611.079 (as of ledger number 28402993, Mon, 16 Oct 2023)
All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.
The independent audit confirmed the following metal quantities held by Kinesis Cayman as of Monday, 16th October 2023.
Gold (9999 fine equivalent): 1,295,465.253g
Silver (999 fine equivalent): 3,505,603.549ozt
Inspectorate International’s independent report confirmed that Kinesis’ precious metals holdings were as stated, with Kinesis passing all criteria of the inspection.
kinesis.money (https://kinesis.money/company-news/kinesis-passes-quarterly-audit-q4-2023/)
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But are the gold and silver really there?
View Audit of the metals backing kinesis currencies
https://kinesis.money/wp-content/uploads/2023/12/Kinesis-Audit-October-2023.pdf
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(https://kinesis.money/wp-content/uploads/2023/12/Q4-Q1-Update-Feature-Image-683x376-c-default.webp)
Q4 Snapshot (https://kinesis.money/company-news/q4-2023-q1-2024-ceo-quarterly-update/)
Low-cost SEPA deposits live for European users
In November, Kinesis introduced a new, low-cost SEPA deposit option to the platform. The option brings greater efficiency and value to all EEA-based Kinesis account holders, who can now deposit their Euro (EUR) funds with ease.
The addition of SEPA transfers enables European account holders to make EUR-to-EUR deposits as easily as with regular domestic bank transfers, with a fixed rate of €0.30 per transaction charged on the Kinesis side, regardless of the amount of funds sent.
Q4 2023 quarterly audit
Kinesis successfully passed the Q4 independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.
The independent audit once again verified that all Kinesis gold (KAU) and silver (KAG) within the Kinesis Monetary System are backed by 1:1 allocated physical gold and silver bullion.
The completion of Kinesis’ Q4 2023 audit provides the community with absolute reassurance that their gold and silver holdings are in safe hands. Though delivering audits every quarter, Kinesis shows an enduring commitment to upholding the highest standard of security and transparency for the Kinesis community.
The Q4 2023 audit is available to view on our website.
All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.
Indonesia
Following the official nationwide launch of the Kinesis-powered physical gold trading applications, POSPay Gold and JFX Gold X, Kinesis has already begun to see an increase in Indonesian users on the platform.
The number of accounts on these apps has steadily increased, now numbering over 5000 in total. A significant number of small gold transactions coming from individual users can be seen coming through the Kinesis Exchange, with expectations of significant growth in account and volumes in the new year.
POSPay Gold, created in partnership with the Indonesian state-run postal service, PT Pos, and JFX Gold X, created in partnership with the Jakarta Futures Exchange, provide Indonesia’s population with instant access to physical gold trading and ownership, supporting financial inclusion and encouraging the nation’s digital transformation.
This is just the beginning, and the new year will see several new initiatives, including the soft and then grand launch of NU in early Q1 2024. Kinesis gold (KAU) will be added to the mobile apps of two major Indonesian banks; the use of gold KAU is registered with Badan Pengelola Keuangan Haji – BPKH (the state-owned Hajj fund management agency) with over US$10 billion assets under management.
In addition, we are very proud to announce that PT Kinesis Monetary Indonesia is now listed as one of the very few Self-Regulated Organisations (SRO) under the Indonesian commodity industry regulator, Bappebti and the Ministry of Commerce.
Kinesis Brings Apple Pay to Kinesis Virtual Card Users
The Kinesis Virtual Card can now be added to Apple Wallet, enabling iPhone users to make contactless payments worldwide using gold, silver, and crypto — instantly converted to fiat at millions of stores globally.
With Google Pay already available, the Apple Pay integration ensures faster, more convenient in-app and web purchases for Kinesis users in 70+ countries, further expanding the utility of digital asset spending.
The Kinesis Virtual Card supports real-time transactions in gold, silver and digital currencies straight from users’ portfolio balance, with instant conversion to fiat at the point of sale, wherever Mastercard is accepted.
Gold and silver payments at physical stores
Following the launch of Kinesis Pay in February, which allows online merchants to accept payments in gold (KAU) and silver (KAG), the latest iteration of Kinesis Pay brings gold and silver payments to shops and businesses near you.
The release of new printable, reusable Kinesis Pay QR codes makes it easier for businesses and shop owners to accept KAU and KAG payments at their physical locations.
The Kinesis Pay QR codes can be downloaded from the merchant dashboard and displayed on any shop counter, enabling Kinesis users to scan the QR code and pay with their gold and silver. The new feature is expanding the real-world utility of precious metals and the visibility of gold and silver as a reliable alternative to fiat currencies.
Kinesis Pay is a highly scalable feature that connects business owners with Kinesis’ bespoke payment rail built for accepting Kinesis gold (KAU) and silver (KAG). With Kinesis Pay, Kinesis users can purchase merchants’ products and services directly, using their gold and silver as money.
The Kinesis Pay update is now available for web and Android applications, with the iOS update scheduled for release soon.
Kinesis websites in additional languages
In a significant stride forward, the Kinesis website is now made available in French, Italian, Polish and Dutch, broadening the range of already existing languages: English, LATAM Spanish, German, and Turkish.
Underscoring the company’s steadfast commitment to fostering global accessibility and inclusivity, the expansion of languages on our website opens Kinesis up to engage more diverse global audiences.
By providing information in multiple languages, Kinesis breaks down entry barriers for everyday citizens wishing to protect their savings in precious metals and creates an approachable and comprehensible hub for users from different countries.
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(https://kinesis.money/wp-content/uploads/2023/12/Q4-Q1-Update-Feature-Image-683x376-c-default.webp)
Buy precious metals & crypto with your debit card
In addition to the multiple depositing and purchase methods available on the platform, users will be able to instantly exchange their local currency for Kinesis gold (KAU), Kinesis silver (KAG) and all cryptocurrencies available on the Kinesis Exchange (except for DASH and XDC).
On a single screen, users will have the option to buy currencies using regionally available payment methods such as their debit and credit cards, as well as Google Pay and Apple Pay wallets.
Minimising the time and effort required, the new purchase method will reduce the barrier to entry of users wishing to acquire precious metals and crypto assets by simplifying the process of on-ramping to the Kinesis platform.
Available in over 165+ countries and territories around the globe, the feature is designed to serve global Kinesis users regardless of their location.
Multi-account feature
Expanding the range of services available on the Kinesis platform, the introduction of the Multi-account feature is designed to enable Kinesis account holders to effortlessly manage multiple Business accounts within a single primary profile.
This new enhancement will grant users the convenience of switching seamlessly between their primary Individual profile and various business dashboards with a single login – bringing a new level of control over all their portfolios and businesses at no additional cost.
The Multi-account feature allows businesses of all sizes to easily introduce spendable gold and silver to their holdings and integrate with the ever-expanding range of functionalities of the Kinesis monetary system.
Among many others, merchants can integrate the Kinesis Pay plugin into each of their business accounts independently and start accepting gold and silver payments at their online and physical stores.
CoinTracking integration with Kinesis
Our upcoming integration with CoinTracking, a leading crypto portfolio tracker and tax calculator platform, represents a significant advancement in facilitating tax reporting for Kinesis users.
We are in the process of establishing a long-term partnership and integration with the platform to bring Kinesis users a significant upgrade to tax reporting on the platform.
USDC Stellar
By popular demand from our community, we have been integrating and will be releasing USDC Stellar into the Kinesis platform in Q1 2024. This will activate a cost-effective gateway for our users to bring USD onto the Kinesis platform.
New Fiat On-Ramps
Management has been working hard in collaboration with partners to bring online new fiat on-ramps to the Kinesis Monetary System for the Kinesis community. New banking options for USD, GBP and CAD are scheduled to go live during Q1 2024.
European Kinesis Card launch
The Kinesis Visa Debit Card is set to roll out across 30 EEA countries in the new year, granting Kinesis users the ability to use physical gold and silver as their primary currencies for daily transactions – with instant fiat conversion at the point of sale.
Cardholders will enjoy the chance to secure their wealth while seamlessly accessing cost-effective spending options for precious metals. The card ensures instant conversion to fiat, presenting a reliable and practical monetary choice amid conventional currencies.
Virtual Card Region Expansion
The Kinesis Virtual Card partner, BAANX, has indicated that new regions including the US will be ready for launch in Q1 2024.
We look forward to being able to finally launch these expanded regions in our community.
New Products & Partnerships
We have a long list of new products and partnerships that are scheduled for release starting in Q1 2024. These releases will align with broader outreach and well-planned marketing and PR campaigns to expand awareness and adoption.
New products include innovative digital currencies that have been developed in collaboration with partners. We consider all these products to be disruptive and evolutionary in their own ways.
Corporate partnerships from around the world will begin to be announced in Q1 and, although delayed, it appears we are not far away from announcing our second Public Private Partnership (PPP). PPPs remain a focus for Kinesis and we continue with high-level deal-making with governments around the world for existing and new products and services coming online. Government-level cooperation takes time, however, we are confident in our ability to build momentum with various new deals and developments coming online.
Kinesis Pro
The final stages of development for Kinesis Pro, the professional digital asset trading platform by Kinesis, are taking place as we approach a BETA launch. We’re pleased to announce that the closed beta will be available in Q1 2024 for selected users to test the Kinesis Pro exchange. More details will be released closer to the time of the beta program.
Centred on high liquidity trading pairs and equipped with advanced trading tools and rigorous security protocols, the exchange is positioned to offer an elite trading experience to Kinesis users aiming to expand their digital asset portfolio diversification.
The Kinesis Pro login has been interlinked into the Kinesis Monetary System providing users with this integrated benefit. We expect Kinesis Pro to be a major ecosystem and Master Fee Pool (MFP) contributor as we scale up its commercialisation in the digital asset market throughout 2024.
IEO and Venture Capital arm initiative
The Kinesis management team has been working with partners on establishing an IEO and venture capital arm to bring new and existing projects to market via the Kinesis Pro exchange.
The benefits of this service to the Kinesis ecosystem have been thoroughly explored and management deems it to be highly advantageous to Kinesis stakeholders and the community at large. Information to be released when the service is launched.
Kinesis gold-backed banknotes
In the third quarter of 2023, Kinesis forged a strategic global partnership with Valaurum to produce a unique series of Kinesis gold bills, providing gold investors and collectors with an innovative means to spend and securely store physical gold.
The bespoke Kinesis gold bills will encapsulate small denominations of physical gold bullion within banknotes, reintroducing gold as a circulating currency, and solidifying Kinesis’ leadership position in the space of precious metals spending.
These bills will be independently marketed and made available alongside Kinesis’ diverse range of gold and silver bullion products in the Kinesis Bullion store.
Kinesis Merchant Rewards Portal
The Kinesis #DevelopmentTeam is in full flight in developing the Kinesis Merchant Rewards Portal (still to be named) which will make available to our community over 7,000 global merchant stores for online shopping. The service includes an attractive cash-back rewards program and additional commission revenue to flow into the MFP for all associated purchases.
This ecosystem solution will be a major addition to the Kinesis Monetary System and it is expected to be a significant contributor to the MFP. This is a large project and although not scheduled for release until Q2 2024, we wanted to provide our community with a teaser that this solution is coming. More information on this to come closer to the release date.
New Regional Licensing
The Kinesis legal team continues to work on new regional licences globally for a range of existing and new services. We expect positive developments in Q1 2024 on this front.
US Debit Cards and Bank Accounts
The Kinesis management team has been working with partners on a US-based physical debit card program and user bank accounts. Although this program is not scheduled to come online in Q1, we wanted to make our community aware that it is coming in 2024.
Kinesis Partner Program
Kinesis is excited to announce the launch of our partner program in early 2024. The Kinesis Partner Program aims to attract high-value partnerships with reputable and leading affiliates in the precious metals, cryptocurrency and payment services spaces.
With the appointment of a dedicated Kinesis Partner Manager and team, Kinesis is in a prime position to drive the expansive growth of the Kinesis Monetary System, amplified through the voices of official Kinesis Partners.
By joining the program, our partners will have access to earn an entirely new Partner Yield that increases proportionally to the trade volume of their Kinesis platform referrals. The Partner Yield unlocks potentially unlimited passive income in gold and silver every month, by driving new users and deposits to Kinesis.
Going beyond the monetary advantage, the Partner Program will introduce tangible bonuses and Partner events, as Kinesis continues to build a community of dedicated spokespersons that carry forward the mission and heighten its relevance across a range of financial industry niches.
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Q1 2024 Quarterly Audit (https://kinesis.money/wp-content/uploads/2024/02/Kinesis-Audit-January-2024.pdf)
On the 12th of January 2024, Kinesis’ strategic partner, Allocated Bullion Exchange (ABX), produced an inventory report of all physical gold and silver attributed to Kinesis Cayman.
The report was presented to Inspectorate International to conduct an independent audit, undertaken across ABX’s global vaulting network between the 16th and 19th of January 2024.
At the time the inventory reports were generated, Kinesis gold (KAU) and silver (KAG) in circulation were as follows:
KAU: 1,324,238.381 (as of ledger number 29774013, Fri, 12 Jan 2024)
KAG: 3,559,283.245 (as of ledger number 29821297, Fri, 12 Jan 2024)
All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer (https://explorer.kinesis.money/?_gl=1*ops4nr*_ga*NjA1NTYyODU1LjE3MDc5OTEwMzc.*_ga_YXKQ4WV7L4*MTcwODU1MDg0NS4xMy4xLjE3MDg1NTA5NjIuNTkuMC4w). The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.
The independent audit confirmed the following metal quantities held by Kinesis Cayman as of Friday, 12th January 2024.
Gold (9999 fine equivalent): 1,326,238.381g
Silver (999 fine equivalent): 3,564,275.716ozt
Inspectorate International’s independent report confirmed that Kinesis’ precious metals holdings were as stated, with Kinesis passing all criteria of the inspection.
Kinesis Multi-account feature now available (https://kinesis.money/company-news/multi-account-feature-now-available/)
For each business account, merchants can set up Kinesis Pay and start accepting gold and silver payments at their online and physical store locations.
Kinesis Pay is a highly scalable feature that connects business owners with Kinesis’ bespoke payment rail built for accepting Kinesis gold (KAU) and silver (KAG). With Kinesis Pay, Kinesis users can purchase merchants’ products and services directly, using their gold and silver as money.
The Kinesis business offering also includes multi-send, which enables users to send gold and silver to up to 1,000 payees at once. Business owners can use multi-send as a payroll functionality, and pay their employees’ income in precious metals, each month.
After the first phase of release, the Multi-account feature will be further developed to enable users to manage accounts on behalf of other users.
This opens Kinesis up to the multi-trillion-dollar wealth management market, by enabling wealth managers to manage their client accounts on the Kinesis platform.
There are stablecoins... and there are silver coins... :D
(https://pbs.twimg.com/media/GGyhBsuXMAAkLF0?format=jpg&name=small)
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Kinesis Partner Program Beta now live
The Kinesis Partner Program gives applicants with relevant and engaged audiences the opportunity to earn a higher share of transaction fees for referring their networks to Kinesis – with the new Partner’s Yield.
Through the Partner’s Yield – the sixth yield of the Kinesis Monetary System – our partners can earn up to a 25% share of all transaction fee revenue generated across their entire referral network.
The program will first focus on partners within the precious metals, crypto trading, and payment services spaces, although partners in other areas will be considered on an individual basis.
To ensure a smooth rollout of the full program, Kinesis will launch the partner program in Beta for a pre-selected group of Kinesis partners.
The Partner’s Yield
The Partner’s Yield is a new Kinesis yield only available to successful applicants of the Kinesis Partner Program. As partners drive more volume, the share of their networks’ fees they receive increases up to a maximum 25% of transaction fees.
Additionally, the Kinesis Partner reward structure increasingly incentivises partners as they rise through the partner tiers.
As a unique offering in the crypto partner space, upon launch, the program is set to drive the adoption of the upcoming Kinesis Pro exchange, which features high liquidity trading pairs, cutting-edge trading tools, and top-tier security measures.
kinesis.money/company-news/kinesis-partner-program-beta-now-live/ (https://kinesis.money/company-news/kinesis-partner-program-beta-now-live/)
Maybe someone here can be interested