Kinesis Partners with Panama-based Provider Atlas Vaults

Kinesis is pleased to announce a new partnership with Atlas Vaults and Atlas Brokers, expanding the global Kinesis Vaulting Network into Latin America. By joining forces with the leading Panama-based vaulting provider, broker and trading hub, Kinesis is introducing the Atlas Group’s considerable client base to the Kinesis Monetary system. The partnership is set to bring superior value and returns to Atlas Vaults and Kinesis clients, as well as citizens across South and Central America. Central to the partnership, Kinesis is introducing the 13th storage facility into its global vaulting network, which now spans 9 countries. New Global Trading Hub Through the new Panama-based trading hub, Kinesis users globally will benefit from enhanced bullion pricing and spreads. The price of Kinesis gold and silver will now be aggregated across a wider range of trading hubs within the Kinesis network, enabling Kinesis to continue to deliver global investors the best aggregated pricing and spreads in the precious metals industry.Additionally, the Panama storage facility becomes an approved vault within the global vaulting and trading network of Kinesis’ core partner, Allocated Bullion Exchange (ABX), as well as a member of the ABX Quality Assurance Framework (QAF).  Redemption and Deposit The location and proximity of the vaulting facility will enable Latin American citizens to face significantly reduced delivery costs, when depositing or redeeming bullion. This gives local investors a feasible option between chargeless storage in Kinesis vaulted facilities, or redemption of their precious metals, if they should so choose.  In addition, Kinesis’ redemption fees and minimum withdrawal requirements are amongst some of the lowest redemption fees globally, giving system users greater access to their physical bullion.  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.  Remember, transaction volume will be further strengthened by the upcoming launch of the Kinesis Velocity Yield, which rewards users for trading and spending with Kinesis. Future Projects  Following the launch of the Atlas Vault and Atlas Brokers partnership, Kinesis looks to continue to broaden its vaulting network throughout selected regions globally. *Source: Rosati, A. (2021) 'Latin America’s Surging Prices Spell Hard Work for Central Banks'. Bloomberg.

Latifa Alkhanjary
Latifa Alkhanjary

26/10/2021

Q3 Update – Historic Milestone for Precious Metals Industry

In our most recent update, CEO and founder of Kinesis Money, Thomas Coughlin, would like to share the historic milestones of the Kinesis Monetary System in Q3 and provide a glimpse into the final quarter of the year. Holder’s Yield Launched and US $2.84M Payments distributed Just over a week ago, Kinesis paid the highly-anticipated Holder’s Yield - a monumental advancement for the Kinesis Monetary System and the precious metals industry as a whole.  On the 6th of October, all users that were holding their gold and silver with Kinesis, received a passive yield, with the first retroactive payout valued at $2.84 million dollars. A total of 46.2 kilograms of gold and 6,047 ounces of silver were distributed back to all eligible holders of the Kinesis Monetary System, rewarding them for simply storing their precious metals with Kinesis, free of charge. With the launch of the Holder’s yield, Kinesis has brought to life its ambitious promise, proving the system’s ability to deliver on such a bold concept. Through a unique, usage-based model, Kinesis has paid a debt-free passive yield on physical gold and silver for the first time in economic history.  As Kinesis continues to build its reputation in the precious metals space, we expect a significant influx of new investors into the system, who may have previously been holding their metals with less advantageous providers.  An official statement around percentages and detailed figures will be released in a press release separately in the coming weeks. Send digital assets via email This quarter, Kinesis users saw the launch of the new ‘send-to-email’ payment functionality, streamlining the process of sending all digital assets available on the Kinesis platform, including KAU, KAG and KVT, at the tap of a button. This feature opened up the avenue for existing system participants to invite new, prospective users onto the platform, with only the email address of the recipient required. Kinesis users can now pay for services in gold and silver via desktop and mobile, effectively transforming the way precious metals and crypto feed into daily transactional life.  In advance of the upcoming Referrer’s yield roll-out, the ‘send-to-email’ feature has ensured that every time a sender completes an accepted transfer to a recipient, they will automatically qualify to receive the Referrer’s yield for that referee. Segregated facility  With the launch of the new Kinesis segregated storage facility, Kinesis expanded the existing Exchange Physical for Digital (EPD) program and introduced a new mechanism for users to bring their eligible* coins and bars into secure Kinesis’ vaulting facilities.  This update has meant that investors worldwide can now convert the fine weight of their holdings into Kinesis gold (KAU) and silver (KAG), and thereby access all the benefits of the Kinesis Monetary System while maintaining their collection.Find out more about our segregated facility - here. PosGO Indonesia After the months-long spikes of Covid-related issues that caused country-wide lockdowns, 100% work from home mandates and the banning of any public events, the situation has finally abated to the extent that by mid-September the country had begun to gradually open back up and ease into a state of relative normalcy.  Currently, there are still capacity limitations on both private and public gatherings and events. However, we remain hopeful the country will continue to open up again fully within the near term. In turn, we anticipate that both PT POS and the Indonesian government’s goal and plan to launch PosGO Syariah to the widest possible audience will happen shortly. As previously, both the global Kinesis team and Indonesian Kinesis tech & business development teams have continued to work and add value to the PosGO Syariah offering.  During this time, the Kinesis teams were:  integrating on/off ramps and embedded bank accounts from three additional banks – UOB Bank, Artha Graha Bank, Sinar Mas Bank  - which now includes six leading local banks in total; automating several back office and reporting modules with the national exchange groups (ICDX and JFX), as well as with the regulator (Bappebti); methodically formulating integration and business development agreement with the Indonesia Migrant Worker Protection Agency (the government agency representing over 5 million migrant workers overseas) successfully enhancing the KAU overseas remittances offering. Kinesis will update the community once there is a firmer timeline for a country-wide launch of PosGO Syariah across Indonesia. However, in its current state, PosGo, which is one of the largest public-private partnerships in economic history - firmly directs Kinesis in a straight line toward the long term and sustainable success for the company, the community, and all stakeholders.  As a reminder, PosGO Syariah is directly integrated with Kinesis KAU. As such, every transaction in KAU on PosGO Syariah results in transaction fees that go into the Kinesis Master Fee Pool. Business Operations Team The Business Operations team continues to strategically grow, with global talent joining Kinesis across Sales, Compliance, Delivery, Customer Service and Global Administration. Additional roles will be filled in the coming quarter to realise enhancements, most notably with regard to fiat deposit/withdrawal and compliance review efficiencies. Business Development appointments and strategy will also be a focal point in the quarter ahead. Scalability remains a core component of the Business Operations recruitment drive, and a structure is now in place which is designed to grow seamlessly as our diverse user base does.  In addition to the strengthening of the Operations team dynamics, Kinesis continues to explore relationships with exciting service providers across the world as we strive to provide enhanced fiat on and off ramps and expand our bullion deposit and redemption facilities for the Kinesis community.  Expect announcements surrounding exciting strategic partnerships to soon be released. Kinesis Monetary system expansion and upgrades Additional crypto trading pairs As we continue to expand the range of cryptocurrencies available on the Kinesis Exchange, the addition of Dash (Digital Cash) and Bitcoin Cash (BCH) further enriches Kinesis users’ selection of the most in-demand coins, globally. Next in the line-up are Ripple (XRP) and Cardano (ADA) where work is currently underway in line with our development roadmap. Every additional cryptocurrency brought onto the platform benefits from the technology and utility of Kinesis, such as the ‘send-to-email’ payment feature. Mobile-friendly web and Sign in with Google  We are constantly monitoring the performance of our websites and how the community is interacting with our platform. In line with global trends, we have recently upgraded our Kinesis Monetary System (KMS) web platform to be very mobile-friendly, providing you full KMS functionality on the go and allowing it to be used on more browsers and different form factors than ever before. From mobiles and tablets to smart televisions and other modern devices with inbuilt browsers, these features complement our mobile app available in the Apple and Google stores.    In the next quarter, we will release a new feature that will allow you to sign in to our web platform using the one-click “Sign in with Google” for those that have a Google account. This will make it faster and easier to access your account than ever before. Security in our platform is very important to us, as an extra level of protection, users will still need to enter your multi-factor authentication code (MFA) to access, trade or transfer funds from your account.  Looking ahead to Q4 Yield Engine Upgrade - The Kinesis Velocity Yield In response to feedback from the community, we have decided to improve the yield engine by replacing the Depositor's yield with the Velocity Yield, which rewards users every time they trade on the Kinesis Exchange or spend on the Kinesis Debit Card. With the introduction of the Velocity yield, we are embracing a new element to the Kinesis yield engine, designed to supercharge the transactional velocity of Kinesis gold and silver currencies, and reflecting their intended use as utilities with fundamental spending power.  The Velocity Yield fee allocation is being increased from 5% to a newly set 10% on 1 November 2021, providing an increased incentive to utilise the Kinesis System.  As with all Kinesis yields, the first payout of the Velocity yield will be retroactive, meaning that it will be retrospectively applied to all Kinesis participants' previous trading and spending activity. We will announce more on this yield engine upgrade when approaching its release.  Referrer’s Yield Later this year, Kinesis is set to launch the Referrer’s yield, as the third yield of five to be released under the Kinesis Monetary system. Following the release of our latest ‘send-to-email’ feature, the Referrer’s yield is set to trigger a mass onboarding of new users to the platform.  Through referring new system participants - friends, family, and business associates - the existing user automatically becomes eligible to receive a 7.5% share of every single one of their referee’s Kinesis transaction fees.  Alongside the forthcoming release of the Referrer’s yield, the Referrer’s interactive dashboard will enable Kinesis user participants to view those they have successfully onboarded to the platform and track their yield revenue generated from each referee.  The galactic-themed dashboard will introduce gamification concepts that reward referrers with bonuses and gifts, whilst tracking progress and celebrating milestones. New HQ Over the coming months, Kinesis is set to unveil our new Liechtenstein Headquarters, situated above a 7,000 square-foot state-of-the-art vaulting facility in the capital city, Vaduz.  A progressive regulatory framework as it pertains to our business and the rights of our users was a primary driver in the section of Liechtenstein.  We sent the creative team over to do some filming to lift the veil on the Lichtenstein operation. Stay tuned as Andrew Maguire will be taking you on an exciting tour of the new Kinesis AG operational facilities and showcasing the state-of-the-art vaults, in the weeks to come. The Kinesis Physical Mint  Kinesis is excited to introduce the Kinesis Bullion store, where investors will be able to add Kinesis gold and silver bullion to their coin and bar collections, produced at the new Kinesis Physical Mint facility. The Kinesis Physical Mint is now set up for large-scale production of investment-grade Kinesis coins and bars. Through controlling each stage of the production process from end-to-end, Kinesis ensures that all bullion is of the highest quality with our initial range being of minimum metal fineness of 9999 gold and 9999 silver. Each coin and bar has been designed and pressed entirely in-house, featuring bespoke designs conceptualised by our in-house artists. Kinesis users will be able to choose from our debut coin and bar series, finessed with the artistic motifs of the Egyptian and Greek Goddesses, Ma’at and Themis, to represent the intrinsic values of the Kinesis ecosystem.  We look forward to sharing our coin and bar designs with Kinesis users and the wider precious metals community, closer to launch. Debit cards  We will soon be announcing an exciting collaborative global partnership in the debit card, banking and digital asset lending space. The services from this partnership have been scheduled for a phased roll-out starting this quarter and they will be globally inclusive.  Our UK and Europe debit card program partner integration was completed during Q3 in accordance with the roadmap, however, awaits final regulatory approval which we all await with great anticipation. We will be ready for an immediate launch once we cross this final hurdle. Extensive regulatory and compliance work has been conducted on the debit card and banking side to ensure that a smooth rollout with premier providers is handled properly for both longevity and stability. Our combined service offering will be of extreme value to customers and will be strongly commercialised in targeted regions. Stay tuned for upcoming announcements in this space. Regional Partnerships Our regional partnership teams have been busy signing and building out an aggressive integration pipeline of foundational and commercial anchor partnerships across the world. There has been a significant emphasis on selecting strong partners to be part of the Kinesis global growth story far into the future.  In Q4 we will begin announcing and launching a number of these partnerships in the strategically correct order, along with building out a global business development team to specialise in certain markets we wish to significantly infiltrate. Watching the momentum build with partnerships will be exciting, particularly once our partner API suite is complete also during this quarter. Onboarding Kinesis Money is currently working to update the process by which users deposit funds to their Kinesis account and Wallet. In a continued effort to enhance the speed and efficiency of depositing funds into a Kinesis account, our company looks to introduce enhanced on-ramping functionality. Legal Kinesis will continue to expand its global corporate footprint and will as a matter of course, seek appropriate licensing in jurisdictions. As regulators across the globe continue to draft legislation surrounding digital assets and digital asset exchanges, Kinesis recognises the importance of working with regulators and operating within the appropriate regulatory framework to ensure the continuity of the Kinesis Monetary System. We will keep the Kinesis community informed as we further build our operating structure. Recruiting and hiring The Kinesis team continues to expand with significant time and resources spent securing the best talent possible around the world. Each member of the Kinesis team has been hand-picked due to their exceptional skills. We have recruited heavily across multiple departments over the last quarter with new additions to our Business Operations, Marketing, Finance and Technology teams. The creation of new roles has allowed us to significantly increase productivity and output across all departments with Kinesis now employing over 100 people worldwide. If you are an exceptional individual with a passion for Fintech be sure to check out our social media channels or reach out to recruitment@kinesis.money for more details. Conclusion As Kinesis looks to Q4, we would like to acknowledge the monumental progress and achievements that have been realised in recent months. With the payout of the Holder’s yield, Kinesis delivered on yet another industry-shifting yield - the first in economic history to reward holders for simply storing their gold and silver.  As the most accessible of the five yields and as a matter of design, the Holder’s yield is the epitome of the Kinesis objective: to bring about a monetary system where everyone can access the enduring benefits of owning gold and silver.

Sam Briggs
Sam Briggs

15/10/2021

Kinesis Launches Historic Holder’s Yield

Kinesis Money is proud to announce the Holder’s yield launch, which represents a monumental milestone for the Kinesis Monetary System and the precious metals industry as a whole. With the highly-anticipated Holder’s yield launch, Kinesis is paying out a debt-free, passive yield on physical precious metals for the first time in the industry.  The launch of the Holder’s yield will see 46.2 kilograms of gold and 6,047 ounces of silver, distributed to Kinesis users, simply for holding their metals with Kinesis, free of charge. The first payment with a value of 2.84 million dollars, at the time of writing, is scheduled to be paid out into users’ accounts on 6th October 2021. Following the successful roll-out of the Minter’s yield, the Holder’s yield is the second of five yields within the Kinesis Monetary System. The Holder’s yield represents another pivotal moment in Kinesis history, as we continue to forge the path towards a global, fair and ethical monetary future. The Holder’s Yield The Holder’s yield rewards all investors who hold their precious metals on the Kinesis Money platform with a passive monthly yield. This enables system participants to earn a recurring monthly yield, paid in gold and silver, which is accrued for every day they hold gold and silver with Kinesis.   The first Holder’s yield payment will be retroactive, which means that Kinesis users will be credited with all yields accumulated from the 4th April 2019 until the 30th September 2021. Going forward, all yield payments will be calculated and paid monthly. With a rapidly expanding system that currently supports over 80,000 global investors, Kinesis will reward every single participant holding gold and silver within the Kinesis system to date.  Kinesis native currencies, KAU and KAG, can be acquired on the Kinesis Exchange; the Kinesis Mint; and select external exchanges. All Kinesis gold (KAU) and silver (KAG) held in a user’s Kinesis Money account or linked wallets automatically qualify for the Holder’s yield, with no lock-in terms. How Does Holder's Yield Work? https://www.youtube.com/watch?v=Bj3kdB8CDZQ&t=90s The Holder’s yield is paid out to investors in fully allocated gold or silver, directly into their Kinesis account every month. Through Kinesis’ usage-based model, the Holder’s yield is generated by pooling together all the transaction fees gathered across the entire platform. Every time a transaction is completed, whether from users’ spending, sending or trading on the Kinesis platform, a share is stored in the Master fee pool and allocated to a specific Kinesis yield.  A total of 15% of these transaction fees are then distributed back to Kinesis system participants who are eligible to receive the Holder’s yield. The final yield is calculated by the ratio of total gold (or silver) held in a user’s Kinesis Money account (or linked wallet) divided by the total amount held by all other Kinesis users in a month's period. Please find a more detailed breakdown here. How to Become Holder's Yield Eligible? All KAU and KAG held in your Kinesis Money account automatically qualify for the Holder’s yield and require no further action. If you hold KAU and KAG outside of your Kinesis Money account in an external wallet, you will need to link any wallet addresses to your Kinesis Money account, in order to receive the Holder’s yield. We would like to reiterate that the vast majority of Kinesis users will be required to take no action. However, we urge all participants with all external addresses holding KAU or KAG to check that their wallet address is listed in the address linking widget on the Yields tab of the platform. We would like to emphasize that all unlisted wallet addresses holding KAU or KAG will not receive the Holder's yield. This is why it is imperative that all users follow the steps to ensure all external addresses holding KAU or KAG are linked and listed. External Wallet Deadline Extension Please note, we have extended the deadline for wallet linking. External Kinesis wallet holders and CoolWallet S holders now have until Tuesday the 5th October 2021 to link their wallets, in order to receive the Holder’s yield.See CoolWallet S linking instructions - here. See external Kinesis wallet linking guide - here  A Landmark in Industry  From the start, Kinesis set out to establish a forward-thinking economic model centred around the enduring value of gold as a stable and historically appreciating asset.  In a time of financial uncertainty, particularly in high-risk investments, Kinesis recentres the monetary focus on precious metals, which with Kinesis, become a debt and risk-free asset that also generate a yield.  With the Minter’s yield launch on the 7th of July this year, all eligible* Kinesis users received a payout of 14,052 grams of gold (KAU) and 1,686 ounces of silver (KAG), with a combined US dollar value of $864,220. With the Holder’s yield launch, Kinesis will prove, yet again, that gold is a safe haven, as well as an asset with vital yielding potential within the Kinesis ecosystem.  What’s more, Kinesis only offers investors a positive trajectory for their investment in gold and silver, by providing the infrastructure to maintain zero storage fees on all holdings - for life. Kinesis holders have the choice of storing their precious metals in one of our 8 non-banking vaulting facilities, positioned in favourable jurisdictions for complete assurance of user asset protection.  With Kinesis, investors adopting native currencies, KAU and KAG, have access to a high yielding environment that is not set and will grow along with its community of users who recognise the intrinsic value of gold and silver-backed currencies. What’s next for Kinesis? The Kinesis Monetary system continues to welcome a rapid increase of new users. As we scale towards global adoption, more participants are discovering the universal benefits of holding physical gold and silver with Kinesis.  Kinesis continues to move forward with its industry-changing roadmap, with the Referrer’s yield next in the pipeline set to launch on the platform this year.  Find out how to hold and earn with Kinesis Money. HOLDER'S YIELD

Natalie Laz
Natalie Laz

01/10/2021

Kinesis introduces ‘Send-to-Email’ payment functionality

We are pleased to introduce the ‘send-to-email’ payment feature, which enables Kinesis users to send digital assets to current and prospective users, with only the email address of the recipient required.  The exciting new functionality allows system participants to transfer digital assets, including Kinesis gold (KAU) and Kinesis silver (KAG), as well as Kinesis Velocity Token (KVT), to friends, family or business associates outside of the Kinesis Monetary System. Accessible on Kinesis desktop and mobile applications, the ‘send-to-email’ feature provides a streamlined payment option for all Kinesis users. Importantly, through the ‘send-to-email’ feature, the existing system participants will be able to invite new, potential users onto the Kinesis Money platform, automatically qualifying the sender to receive the Referrer’s yield. Among its many benefits, the new functionality opens up the door for Kinesis users to pay non-users for their services in gold and silver. For those who wish to send funds via email to existing account holders, the new payment preference provides the advantage of selecting your recipient without requesting their wallet address.  Which Crypto Coins Can be Sent by Email? Kinesis account holders can transfer any crypto currently held in their account via the ‘send-to-email‘ process, including: Digital currencies that can be sent via email through the Kinesis Money platform. As Kinesis continues to expand its crypto pairs available, all additions to the platform will also be compatible with this functionality.  What are the Benefits of the Send-to-Email Feature?  The ‘send-to-email’ function provides an opportunity to easily invite friends, family and people you know into the Kinesis Monetary System, enabling the referer to receive a share of every fee taken on every single transaction made – for life. All the sender needs to do to qualify is ensure the recipient has created an account and verified their email address. Remember, the Referrer’s yield entitles a user to a 7.5% share of every single one of their referee’s Kinesis transaction fees. https://youtu.be/PCisZZV_Yu0 How Do I Send Crypto via Email? Both desktop and mobile users who wish to send funds via email can simply follow the usual flow to send digital assets, only choosing the ‘Email’ option when selecting a recipient. The widget provides the opportunity to include a short message in the email to personalise the message or inform the recipient of the reason for payment.  Find a detailed run-through of the process in our user guides here. How Do Non-users Receive Funds Via Email? When a Kinesis account holder is sending crypto to a potential Kinesis user, the recipient will be sent an email with instructions prompting them on how to receive their funds. The recipient of the email will then need to sign up for a Kinesis account and verify their email address, in order to accept their payment. This will ensure that only the person linked to the respective email address will receive funds that are being delivered to them. If the recipient does not accept funds within a 48-hour window, the transaction will expire and funds will be returned to the sender.  How Do Kinesis Money Users Receive Funds Via Email? When a Kinesis user is receiving crypto from another user via email, the funds will automatically be deposited into the recipient's account. The new payment feature is an effective onboarding mechanism, reducing barriers to entry for new users. ‘Send-to-email’ functionality will serve as a powerful catalyst for the adoption of the Kinesis Monetary System, ahead of the release of the Referrer’s yield and the powerful, new referral dashboard, later this year. 

Latifa Alkhanjary
Latifa Alkhanjary

30/09/2021

Dash now tradeable on the Kinesis Exchange

We are happy to announce that Dash coin (DASH) is now tradeable on the Kinesis Exchange.  As we continue to expand the range of virtual currencies in offering for Kinesis users, this important addition will further enrich the selection of the most in-demand crypto coins, available to trade globally. Dash established itself as a top 15 cryptocurrency early this year, according to its market capitalisation, making this exciting news for crypto investors on the platform.  What makes Dash unique? Dash came onto the crypto scene as a fork of Bitcoin, with the aim of building a digitally scalable payment system that would resolve the two greatest issues of earlier cryptocurrencies: the speed of crypto transactions and heightened security for crypto holders. Although based on Bitcoin, Dash uses a two-tier network structure enabling a dramatically improved efficiency, which allows for better transaction processing and equips it with a powerful capacity for trading. As a result, Dash offers remarkably fast payments worldwide, with an average transactional speed of just above 1 second. Additionally, Dash, whose name reflects the idea of "Digital Cash", focuses greatly on privacy protection as well as an enhanced user experience. The virtual coin aims to provide a level of privacy equal to cash, which makes Dash a preferred method of payment globally. Kinesis Money users can now send, spend, receive and trade their Dash coins via the Kinesis Exchange, housing them in their respective DASH Wallets, for the ease of completing crypto transactions on a global scale.  Trading Dash crypto on the Kinesis Exchange Kinesis users can now trade DASH with a range of selected fiat pairs, as well as gold and silver-backed Kinesis native currencies, KAU and KAG.  More Trading Pairs to Come Kinesis will continue to widen the selection of cryptocurrencies on the Kinesis Exchange, to offer investors the most competitive crypto trading options on the market.  With further cryptocurrency listings scheduled later this year, Kinesis investors will have the opportunity to diversify and enhance their crypto portfolio.  Start Trading Dash on the Kinesis Exchange TRADE DASH

Latifa Alkhanjary
Latifa Alkhanjary

27/09/2021

Kinesis Launches Segregated Facility for Coins and Bars

We are proud to announce the launch of a new segregated storage facility for gold and silver coins and bars, now accessible through the Kinesis Mint. This means that users can now bring their eligible* coins and bars into secure, segregated storage within the Kinesis vaults, through the Exchange Physical for Digital (EPD) process. The expansion of the existing EPD program to incorporate gold and silver coins and bars, allows collectors worldwide to convert the fine weight of their holdings into Kinesis gold (KAU) and silver (KAG), and access all the benefits of the Kinesis Monetary System.  Industry-first In a first for the precious metals industry, coin and bar holders are now able to bring real-world value to their collections. With users able to spend their KAU or KAG balance earned from the EPD (coins and bars), providing they maintain a ⅔ balance, at the end of each calendar month.  Additionally, through EPD (coins and bars), holders can benefit from the security and access of Kinesis’ segregated vaulting, while earning a yield on their holdings, paid monthly in KAU and KAG.  Ground-breaking liquidity Previously, if a coin or bar holder wished to gain liquidity on their collection, they would have no choice but to go through the drawn-out and irrevocable process of selling their holdings. Through Kinesis’ new segregated facility, once deposited, users are able to access instant liquidity on their coin or bar holdings, while maintaining the right to redeem those same coins or bars deposited, at any time. Can I redeem my coins and bars? In terms of redemption, the depositor holds the exclusive right to redeem their segregated coin and bar holdings and can do so, at any time, with the applicable redemption fees applied. How does segregated storage work?  The coins and bars will be segregated within the ABX cage at the participating vaulting provider, with depositor and inventory details being attached to the deposit record.In circumstances where the coin or bar deposit is below the fineness of .9999 for gold and .999 for silver, Kinesis has implemented strict rules to ensure that 1 KAU remains based on an exact 1:1 allocation of 1 gram of .9999 fine physical gold bullion and 1 KAG remains based on an exact 1:1 allocation of 1 oz of .999 fine silver, and the integrity of the Kinesis Monetary System is preserved, at all times.  How does it work? Kinesis users wishing to deposit coins or bars will need to have their coin and/or bar collection assayed at their expense with a service provider of Kinesis’ choosing. The assayer will provide Kinesis with details of the fine weight of the gold or silver contained in each submitted coin and/or bar. Kinesis will only recognise the fine weight of the metal that each coin contains. The fine weight of the gold or silver contained in the coins and bars will then be emitted as KAU or KAG into the depositor’s account. Tried & tested The segregated facility program has already been beta tested and is in use with an anchor investor depositing approximately 1,600 gold coins into the system, with each and every coin being catalogued and photographed. These coins will be represented and publicly available in the next Kinesis audit. Furthermore, we have already received significant interest from major private collectors, as well as other larger entities within the precious metals sphere.  In enabling users to digitalise their gold and silver coins and bars, Kinesis is offering users a service unique within the precious metals industry. The new segregated facility opens up the liquidity, security and value of the Kinesis Money platform to an entirely new section of the precious metals market. Find out how to digitalise your coins and bars today. EXPLORE *Click here to see EPD (coins and bars) requirements. *Click here to see fees.

Sam Briggs
Sam Briggs

25/08/2021

Kinesis has introduced Bitcoin Cash to the Kinesis Exchange

We are pleased to announce that Bitcoin Cash is now tradeable on the Kinesis Exchange. This important addition to the Kinesis Monetary system allows Kinesis users to benefit from the broadening range of carefully selected and the most sought-after currencies on the crypto market. Bitcoin Cash (BCH) is one of the most popular cryptocurrencies available today, currently ranked among the top 15 of all cryptocurrencies, based on its market capitalisation. How does Bitcoin Cash benefit Kinesis users? Bitcoin Cash was created in 2017 as an alternative to Bitcoin with improved scalability and increased block size, which allows for better transaction processing and equips it with a powerful capacity for trading. Bitcoin’s forking into Bitcoin Cash was a result of a drive to move the cryptocurrency into the future, anticipating increasing capacity demands for higher and faster rates of transaction. Bitcoin Cash is often dubbed as fulfilling Satoshi Nakamoto’s real vision of Bitcoin. Designed as an improved medium for daily transactions and multinational transfers, Bitcoin Cash is recognised as a truly borderless currency, with a growing global community of active users. With leading marketplaces now accepting Bitcoin Cash as the standard method of payment, BCH makes a competitive addition to investors’ portfolios, particularly for those making frequent global transactions using crypto. Trading Bitcoin Cash on Kinesis Exchange Kinesis users can now trade Bitcoin Cash with a range of selected fiat pairs, as well as Kinesis native currencies KAU and KAG. Bitcoin Cash market pairs now available on the Kinesis Exchange: More Trading Pairs to Come Kinesis offers traders the ability to incorporate competitive cryptocurrencies into their portfolio, enabling diversification with a focus on selecting the most tradable currencies on the market. Following today’s Bitcoin Cash listing, Kinesis will continue to expand the range of cryptocurrencies available on the Exchange even further. Start trading Bitcoin Cash today. LOG IN

Natalie Laz
Natalie Laz

09/08/2021

Q2 – History made. Kinesis Quarterly update.

In our latest update, CEO and founder of Kinesis, Thomas Coughlin, would like to share with you the historic achievements of the Kinesis Monetary System in the second quarter of the year and provide further insight into Q3 2021 and beyond. Yield engine launch and Minter’s yield payments distributed With the much-anticipated launch of the Kinesis yield engine in Q2, Kinesis paid out a non-debt based yield on gold and silver for the first time in economic history. On 7th July 2021, Kinesis distributed 14,052 grams of gold (KAU) and 1,686 ounces of silver (KAG) back to the minters of the Kinesis Monetary System. To supplement the engine launch, the Interactive Yield Dashboard was integrated into the Kinesis Money platform interface. The intuitive Yield section introduces the Master Fee Pool chart and the yield dashboard presenting a clear breakdown of circulation, allowing for transparent tracking of all 5 yields that Kinesis system participants will receive monthly. Please note, the Yield Dashboard will be continually enhanced with charts, daily updates then real-time updates being implemented over the remainder of the year. The Kinesis community, as well as the wider precious metals community, look forward to the rollout of the remaining 4 Kinesis yields throughout the year, starting with the Holder’s yield. Indonesia The resurgence of COVID-19 within Indonesia has caused country-wide lockdowns, 100% work from home mandates and the banning of any public events, which has resulted in delays in the wide-scale roll-out plan for PosGO Syariah. Unfortunately, these are events and third-parties that we have little control over. It has been both the PT POS and the Indonesian government’s goal to launch PosGO Syariah to the widest possible audience at the start, to generate momentum and thus account take-up. Once the current health crisis facing Indonesia has been curtailed (not eliminated), the PT POS and Government plan for PosGO Syariah will be initiated. That said, there is a small silver lining to this delay: During this period of pre-countrywide launch, Kinesis has expanded our operation in Jakarta including the addition of a highly experienced IT development team and a head of Indonesia business development. The Kinesis Jakarta team, in conjunction with Kinesis head office, have been active in adding additional features and services to the PosGO Syariah app that will significantly enhance the product offering and thus, adoption. Such additions include the integration on to the PosGo Syariah app of other major local banks (including BCA and OCBC), as well as integrations with multiple large Indonesian e-wallet and payment companies, such as OVO (owned by Grab), Gopay (owned by GoJek), E2Pay and Linkja. At least one or more of these e-wallet payment services are accepted by 80+% of all brick and mortar and online merchants across all of Indonesia. Once we have a more firm timeline for the country-wide launch of PosGO Syariah, we will update the community. On a final note, all of the products and services on PosGO Syariah have been replicated for the other major roll-outs: NUGold, JFXGrit, etc. and a sequenced launch of these will follow close behind PosGO Syariah. All-New Kinesis website Over the last five months, the Kinesis team has focused on rebuilding the company website. The result of the combined effort of the design, content and development teams provides a new segmented site structure, tailored to the vertices we are targeting: personal finance, investing and trading. Following consultation from a high-profile external UX agency, the information architecture and user experience of the new site has been carefully constructed to make Kinesis accessible to each of our target markets. The complete redesign of the website breaks down every aspect and product of the Kinesis system, providing a smoother access point for new users to explore the Kinesis offering. The new site is currently in its final stages of performance testing, and with excitement mounting around the launch of the Kinesis yield engine, the release will provide the perfect platform to introduce new users to the Kinesis Monetary System. Recruiting and hiring We have dedicated significant time and resources to restructuring and building out our team to handle significant future scaling in the Kinesis operation. This has included heavy recruitment across our Customer Support, Account Executive, Marketing and Technology functions. The Kinesis team has increased in size significantly this year in line with the exponential growth we have been experiencing, with noteworthy additions across most departments. Both the Customer Service and Account Executive team numbers have been bolstered, with a total of 10 Customer Service Agents and 10 Account Executives spread across the globe to assist and act as a personal point of contact for our global user base. New recruits will continue to join and undertake training in the coming months. We have also appointed a Head of Sales, who is responsible for the coordination of efforts of the Account Executive teams to keep the Kinesis Community well briefed and supported across all things Kinesis. Welcome appointment of Chief Technical Officer. One particularly noteworthy addition to the Kinesis team comes in the form of our new Chief Technical Officer, Jason Noorman. Jason Noorman joins us with a wealth of experience, having previously worked in fintech, telecommunications, insurance and most recently as CTO for The Pepperstone Group, a leading retail forex and CFD broker. Kinesis UK & EU Debit card program update Due to a delayed regulatory process largely resulting from the COVID-19 pandemic and related government shutdowns and restrictions, this card program will not initially be operated from Kinesis in Liechtenstein, with the new EEA entity established to launch this program in partnership with Contis. Kinesis Monetary system expansion and upgrades LTC Kinesis once again expanded its range of cryptocurrencies, with the addition of Litecoin (LTC) made available for trading on the Kinesis Exchange. The leading crypto asset offers a choice investment, and widens the range of trading pairs available to Kinesis users, enabling the trade of Litecoin with a range of fiat pairs and crypto assets, as well as Kinesis gold and silver-based digital currencies, KAU and KAG. CSV Alongside the launch of Litecoin onto the Exchange, we recognise that successful investing entails accurate, transparent record keeping. In order to simplify this process, Kinesis integrated CSV transaction statement functionality, viewable through the Accounts tab or from the Kinesis Exchange itself. CSV (comma-separated values) file statements are a reliable choice of integration for Kinesis members for accessing downloadable trade data for tax purposes. Multi-currency deposits In an important update for the global Kinesis community, the introduction of multi-currency deposits, allows Kinesis users to deposit in an additional 9 major currencies. The new deposit feature enables users to deposit in 9 native currencies, with their deposit automatically converted to USD at a favourable exchange rate. The update brings greater access and value to Kinesis users worldwide, enabling them to deposit funds in their preferred currencies. Exchange Listings Kinesis was proud this quarter to announce its listing on the BHEX Exchange, meaning that users can buy, sell or trade Kinesis native currencies KAU and KAG gold outside of the Kinesis Monetary system. As our first official external listing on a leading, technology-driven exchange platform, this marks a mammoth step forwards in the international adoption of the Kinesis Monetary System. Looking ahead to Q3 EPD (coins and bars) – Segregated Facility We are proud to announce the launch of a new segregated storage facility for gold and silver coins and bars, enabling users to bring their eligible* coins and bars into secure, segregated storage within the Kinesis vaults, through the Exchange Physical for Digital (EPD) process. The expansion of the existing EPD program to incorporate gold coins and bars, allows collectors worldwide to convert the fine weight of their holdings into Kinesis gold (KAU) and silver (KAG), and access all the benefits of the Kinesis Monetary System. What are the benefits? Through EPD (coins and bars), coin holders can benefit from the security of Kinesis’ segregated vaulting, while earning a yield on their holdings, paid monthly in KAU and KAG. How does segregated storage work? The coins and bars will be segregated within the ABX cage at the participating vaulting provider, with depositor and inventory details being attached to the deposit record. In circumstances where the coin or bar deposit is below the fineness of .9999 for gold and .999 for silver, Kinesis has implemented strict rules to ensure that 1 KAU remains based on an exact 1:1 allocation of 1 gram of .9999 fine physical gold bullion and 1 KAG remains based on an exact 1:1 allocation of 1 ozt of .999 fine silver, and the integrity of the Kinesis Monetary System is preserved, at all times. Can I redeem my coins? In terms of redemption, the depositor holds the exclusive right to redeem their segregated gold coin and bar holdings and can do so, at any time, with the applicable redemption fees applied. A full breakdown of the new segregated storage facility can be found on our new EPD page – here. How does it work? Kinesis users wishing to deposit coins or bars will need to have their coin and/or bar collection assayed at their expense with a service provider of Kinesis’ choosing. The assayer will provide Kinesis with details of the fine weight of the gold or silver contained in each submitted coin and/or bar. Kinesis will only recognise the fine weight of the metal that each coin contains. The fine weight of the gold or silver contained in the coins and bars will then be emitted as KAU or KAG into the depositor’s account. Yields With the successful distribution of the Minter’s yield behind us, the remaining Kinesis yields will be brought online and paid out throughout the year. As it stands, the total amount designated for all 5 Kinesis yields is made up of 147,549 grams of gold (KAU) and 17,706 ounces of silver (KAG). The next yield to come online will be the Holder’s yield, which will see our users receive a passive yield paid on every single gram of gold and silver held with Kinesis. Currently, the Holder’s fee pool contains 42,156 grams of gold (KAU) and 5,059 ounces of silver (KAG), with a dollar value of $2.58 million, at the time of writing, all waiting to be distributed back to the holders of the Kinesis Monetary system. The payout of $2.58 million dollars worth of gold and silver back to our users, simply for holding their precious metals with Kinesis, free of charge, stands to act as a powerful catalyst for the growth of the Kinesis system. Following the Holder’s Yield and also coming in Q4 will be the Referrer’s Yield. The current value of this yield to be distributed back to referrers is 21,078 grams of gold (KAU) and 2,529 ounces of silver (KAG) with a combined dollar value of $1.29 million, at the time of writing. This yield combined with the scheduled release of new functionality will allow existing users to send KAU, KAG and other cryptos to non-users via email and later SMS will incentivize and supercharge the phased organic expansion of the Kinesis Monetary System. Whitelabel Services Over the course of Q3 and Q4, we are driving forward with our Whitelabel application development and are set to deliver a Whitelabel model to partners over this year and into 2022. Kinesis will deliver gold savings, trading and banking services to a wide array of our partners, with several contracts already in place for these services in various regions. Although we are unable to reveal details at this time, we look forward to sharing these exciting partnerships with the Kinesis community in due course. Further exchange listings Following our first successful listing, we will celebrate the integration of Kinesis native currency onto Emirex and P2PB2B exchange platforms. With these future listings, we will continue to establish the growing global presence of Kinesis digitalised physical gold and silver, by augmenting its trade capacity, both inside and outside the Kinesis Exchange. Audit update At present, the COVID-19 restrictions enforced within Australia are still preventing the independent third-party auditors engaged by Kinesis from conducting audits of the Kinesis’ vaults located in Australia. As soon as restrictions are lifted, we will be able to provide an updated time frame for Kinesis’ biannual independent audit. New Product & Program Development We wish to advise that we continue to work on new products and programs within KMS, all of which are exciting and compelling. All current product and program works will be released throughout the course of this calendar year with a number of releases during Q3. Details will be forthcoming at the time of release. New roadmap Alongside the launch of our new website, we are proud to publish the updated Kinesis roadmap, which maps out the milestones that will mark our progression throughout the rest of the year. Summary With Q3 underway, it’s important to reflect on what has been a historic year for Kinesis, thus far. In paying out a yield on gold and silver, we’ve achieved what thousands of years of economic history could not. The yields sitting in the accounts of Kinesis minters, serve as proof that our ambitious vision of a fair monetary system, rewarding all who participate, is well on course to being fully realised. We must all pause to consider that Kinesis’ already impressive growth has taken place without the key feature of Kinesis, the yields, being online. Further, in understanding high-level commercial strategy and potential, Kinesis at this time has only opened itself up to the precious metals investment community. This market is unfortunately a relatively small market in comparison to the greater investment, payment & banking and crypto markets, which we will be sequentially targeting with compelling differentiated value throughout this year and next as we release new services. The Kinesis team has been restructured and we have been aggressively recruiting to be able to rapidly scale our operations in other markets as other core services come online. Our strategy and corporate positioning will also become apparent as we roll-out across different markets across the globe. We have kept our powder dry to date, but positioned ourselves well to capitalise on macro trends and events. As the remaining yields are brought online, we will begin ramping up our marketing and commercialization efforts. Over the course of 2021, we anticipate a significant influx of new users, as awareness of the unique opportunity, Kinesis presents grows within the precious metals space and beyond. As we venture into the year ahead, make sure to take a glance at the new roadmap that details what you can expect from Kinesis in Q3 and Q4. Best regards, Thomas Coughlin

Sam Briggs
Sam Briggs

28/07/2021

Kinesis is excited to announce the historic launch of the Kinesis yield engine.

In a monumental step forward for the Kinesis Monetary system, we are delighted to announce that the Kinesis yield engine is now online. The yield engine launch represents a historic moment for both Kinesis and the precious metals industry as a whole, offering a yield on precious metals for the first time in economic history. Industry-first yield on gold and silver Historically, one of the most significant stumbling blocks in precious metals investment has been the lack of yield. This, coupled with costly storage fees, with banks charging as much as 1.5% annually, has hindered investment in some of the most reliable stores of value in economic history - gold and silver. In an industry first, Kinesis now proudly provides a reliable and perpetual yield on fully allocated precious metals, which are securely held within world-class vaults, without charge. This allows Kinesis system participants to not only earn a yield on their gold and silver, but also avoid the usual charges associated with owning and investing in them. This represents a true paradigm shift in the traditional economic model for precious metals and an evolutionary step for Kinesis currencies. How is this possible? Kinesis set out to revolutionise the industry and the launch of the yield engine represents the culmination of years of hard work and technological innovation, with Kinesis now perfectly poised to usher in a new era in precious metals. Traditionally, the profit model used by bullion dealers relies heavily on spread mark-up, along with bullion storage and insurance fees. Kinesis uses the transaction fees from every single transaction in the system to pay for the vaulting and security infrastructure for all Kinesis Monetary System participants. We are able to offer Kinesis users chargeless storage on their precious metal holdings, by utilising the robust vaulting network of its parent company, ABX. Additionally, a share of Kinesis global transaction fee revenue is allocated to cover vaulting costs. Simply using the Kinesis system effectuates free storage for all system participants, removing barriers from entry in precious metals holdings. Kinesis believes in an ethical, honest system, which rewards users by giving back over half of its transaction fee revenue. This covers the costs for our community whilst also providing a significant yield; supporting a viable alternative to fiat as an everyday currency. Through sharing our profits, we have been able to create an incentive to transact gold and silver, crucial for realising our vision of bringing back the use of precious metals as currency in the global economy. The first aspect of the historic yield engine to be brought online is the Minter’s yield. The Minter’s yield The Minter’s yield rewards Kinesis users for minting and using KAU and KAG. As the currency created travels through the Kinesis system, minters are paid a monthly yield in gold and silver - forever. This will represent a payout for the 70,000+ users who have supported the Kinesis Monetary System with their engagement and participation over the past few years. The Minter’s yield is based on the velocity of Kinesis currencies, KAU and KAG. Velocity simply means the transaction fees that are accumulated from the sending, spending, and trading of KAU and KAG. All the fees are accumulated and redistributed back to the users, where the higher volume of transactions is equal to higher yields for the minters. This highly incentivizes the use of the currency. You can discover more about the power of minting, here. What happens next? Now that the yield engine dashboard component is live, we will begin a week-long period allowing for any remaining wallet address linking. Once this is completed on 7th July, the first Minter's yield will be paid to all eligible minters for all retroactive minting between April 2019 and the 30th of June 2021, in a single payment. Address Linking If you have only ever minted to the Kinesis Money platform via the Mint, your account should automatically be linked and no further action would be required. Although the vast majority of Kinesis users will be required to take no action, we still urge all participants to check that all addresses previously minted to are listed in the address linking widget on the platform. Those who have previously minted to an external wallet, such as a Kinesis wallet or CoolWallet, will be required to prove ownership of that wallet by linking it. We would like to emphasise that all unlisted addresses will not receive a yield. This is why it is imperative that all users follow the steps to ensure all addresses previously minted to are linked and listed. A comprehensive linking guide can be found here. User Interface From July 1st, the all-new yields tab will allow system participants to keep track of their yield eligibility, as well as monitor the total KAU and KAG in circulation and total Master Fee Pool amassed across the entire Kinesis system. Currently, the ‘Master Fee Pool’ chart on the Yields dashboard displays the fee pool allocated for all 5 Kinesis yields up until May 30th, with the figures for the month of June to be updated tomorrow, 1st July. On July 7th, when the Minter’s yield is paid out, Kinesis users will be able to receive and track their Minter’s yield payments, paid monthly in gold and silver, through the Kinesis Money platform. On this date, the main section of the Yields tab will display ‘Total yields received to date’, individually and accumulatively, as well as a more detailed graphic breakdown of the Minter’s yield. As the remaining yield payments go live, the respective graphic displays will be brought online for each yield. This yield dashboard feature, currently available on the Kinesis Money platform, is only the first iteration, with more exciting and extensive features set to be added in coming updates throughout the year. How does the Minter’s Yield Work? The Minter’s yield is based on the velocity of the currency and derived from a perpetual share of transaction fees from the KAU or KAG the minter created in proportion to all KAU and KAG in existence. Because a minter converts another currency into digitalised physical bullion, that minter has brought KAU and KAG into existence for the first time. Once that user then sends, spends or trades them, they have now contributed KAU and KAG currencies into the Kinesis Monetary System. They are rewarded with a 5% share of all Kinesis transaction fees proportional to the amount they have minted and spent compared with the total KAU and KAG in existence. The more currency that is minted and sent into the system by the minter, the greater the recurring financial reward will be. 5% of the Kinesis Master Fee pool is allocated to the Minter’s Yield fee pool. This 5% is then distributed among all users who are eligible for the Minter’s yield. Read here for an in-depth breakdown of how the yield is calculated. Am I eligible for the Minter’s yield? Minting is an active yield, meaning for minted currency to be eligible to receive a yield it must be transacted (either by sending, spending, or trading). See our helpful step-by-step guide - here. What’s next for the Kinesis users? The new Kinesis website has been developed over the course of the last 3 months and will be launched tomorrow in-line with the roadmap set out earlier in the year. The top-to-bottom website redesign and restructuring, positions our brand tailored towards our core target segments and enables a far greater assimilation of the Kinesis Monetary System. Extensive research and development has gone into the UX (user experience) flow which has been incorporated into all design considerations in order to provide a seamless and engaging user experience. Now that the first yield engine has been released, we will monitor progress to ensure a smooth launch and provide support to eligible minters. Subsequent yields will be brought online and rolled out throughout the year, starting with the Holder’s yield. The Holder’s yield offers users a passive yield on every single gram of gold and silver held with Kinesis. The yield is paid monthly in gold (KAU) and silver (KAG) for as long as users hold their precious metals with us. A purely passive yield, the Holder’s yield has been designed to compete with bank deposits, stock dividend yields and rental property returns. Kinesis holders simply enjoy the benefits of the economic activity of the system, while holding their precious metals in our secure vaults, with no storage fees. Keep an eye on your inbox for more upcoming news about what is set to be a historic year for Kinesis and all system participants. Find out everything you need to know about receiving your Minter’s yield. VIEW MINTER’S YIELD

Doug Turner
Doug Turner

27/07/2021

Multi-Currency Deposits now available on the Kinesis Money Platform

Kinesis has introduced an additional 9 fiat currency deposit options, available on the Kinesis Platform from today. We have extended our current fiat deposit options, which now include a wider range of major currencies. In addition to our existing US Dollar, British Pound Sterling and Euro options, Kinesis platform users will now be able to make USD deposits using 9 additional native currencies that will be automatically converted and added to your USD balance. You can currently access Multi-Currency deposits through the Kinesis Money desktop interface, with the Kinesis mobile app adding the functionality at the beginning of July. For the time being, app users can simply access the multi-currency deposit via the desktop deposit function. Now accepting 12 Foreign Currencies for USD deposits: How does it work and what are the key differences? The 3 fiat currencies that are used on the Kinesis Exchange marketplace are GBP, EUR and USD, with the US Dollar as the default option. Kinesis users can still deposit their money EUR-to-EUR and GBP-to-GBP, with the process for depositing British Pound and Euro remaining unchanged. Kinesis system participants, wishing to make a deposit using one of the above native currencies can do so and will have their money automatically converted into US Dollars. A favourable mid-market rate will be applied with our foreign exchange banking partners OCBC Indonesia, and the funds then added to your USD balance. The depositing dropdown menu is now accessible through the ‘Deposit’ icon within the Kinesis Money desktop interface. How do Multi-Currency deposits benefit Kinesis users? The Multi-Currency integration delivers greater accessibility and simplicity for Kinesis users, who can now experience the benefits of depositing their money in a more streamlined, efficient and cost-effective manner. By offering a wider array of depositing options to choose from, Kinesis localises the customer experience and enhances the convenience level for existing platform users, by allowing them to choose their local currency at the point of deposit. Importantly, the latest platform update brings greater access and value to Kinesis users globally, enabling them to deposit money in their preferred currencies. View our new currency range and make a deposit today.

Natalie Laz
Natalie Laz

24/06/2021