We are excited to announce that Litecoin and CSV trade transaction statement exports are now available on the Kinesis Exchange. In another important expansion of the Kinesis trading ecosystem, Litecoin (LTC) is now tradeable on the Kinesis Exchange. Additionally, we have introduced the CSV transaction statement export functionality enabling Kinesis users to easily download a report of their trade transaction history for tax purposes. Litecoin The leading crypto asset makes a valuable addition to the ever-widening range of trading pairs available to Kinesis users. Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software, which, at the time of writing, boasts the 15th largest market cap of all crypto assets. Kinesis users are now able to trade Litecoin with a range of fiat pairs and crypto assets, as well as Kinesis gold and silver-based digital currencies, KAU and KAG. The LTC market pairs now available on the exchange: CSV Export Functionality In an important update for Kinesis users, CSV transaction statement export functionality is now available on the Kinesis exchange, enabling all system participants to export a statement showing all of their trade transactions, for tax purposes. How does it work? Kinesis users can simply download their trade data, within a specified period, from the Recent Transactions in the Accounts tab or from the Kinesis Exchange interface itself. The tax data is available for download in both spreadsheet or PDF format. Kinesis will provide users with the additional components of this release in the coming months, including export functionality for holding statements, debit card transaction statements, as well as account balance statements, detailing deposits and withdrawals for all assets. Looking ahead, we are working in the background to enable API integration for more seamless tax integration. Following on from the recent addition of GBP trading pairs and today’s Litecoin listing, Kinesis will continue to expand the range of trading pairs available to Kinesis users. Start trading Litecoin today. LOG IN
We are proud to announce that Kinesis Money has successfully listed Kinesis digitalised physical gold (KAU) on the world-renowned BlueHelix cryptocurrency exchange. Kinesis KAU has officially launched on BHEX today, facilitating the seamless integration of Kinesis digitalised gold into the BlueHelix trading system. The inclusion of Kinesis currency on BHEX enables unrestricted access to KAU globally and allows users to buy, sell and trade KAU pairs outside of the Kinesis Monetary platform. Kinesis digitalised physical silver (KAG) will follow closely behind and its upcoming listing on BHEX is planned in the near future. What does it mean for Kinesis users? We wanted to update the community on this accomplishment, as these listings are a significant milestone for Kinesis and a pivotal step in broadening the adoption of the Kinesis Monetary System on a global scale. Enabling KAU and KAG transactions outside the Kinesis Exchange will further build the reputation of our digital assets within the global crypto community as well as bolster our trade volume considerably. The BlueHelix Exchange Trading Platform The BlueHelix Exchange (BHEX) is the leading technology-driven cryptocurrency trading platform, backed by 58 first-class institutional investors, including such giants as Huobi and OKEx - the most widely used crypto exchange platforms within the Chinese crypto community. Launched in December 2018, BHEX is currently placing itself among the top 15 cryptocurrency exchanges in the world by transaction volume. BHEX offers crypto to crypto trading, providing customers with spot, contract, OTC, options and staking products and services in a decentralised and minimally regulated environment. What’s next for the Kinesis digital assets expansion? The addition of KAU to the BlueHelix Exchange is a significant step in the global expansion process of Kinesis. The momentous widening circulation range of Kinesis-native digital assets indicates marked progression and has beneficial implications for all participating in the Kinesis Monetary system. As a monetary system, Kinesis has forged ahead towards a stable monetary future, delivering a universally applicable and intrinsically valuable asset to a wider public. A digital currency tethered to gold (as opposed to fiat, eg. US dollar), which guarantees a timeless and reliable store of value is of immeasurable importance in these unprecedented times of instability. Crucially, digitalised physical gold (KAU) is equipped with the borderless value and efficiency of cryptocurrency, but none of its inherent volatility. The Blue Helix Exchange is just the first of a number of trading platforms, on which our native currencies will soon be listed. Our team is currently working on incorporating Kinesis gold (KAU) and silver (KAG) into several carefully selected crypto and precious metals exchanges, offering the best quality reassurance on the financial market. Keep an eye on your inbox, as we will be updating our system participants on the upcoming exchange listings in the near future.
As CTO, Jason Noorman brings a rich blend of industry know-how and innovative leadership. The new Chief Technology Officer comes 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. The significant appointment is emblematic of the exponential growth Kinesis is currently undergoing. Mr. Noorman joins Kinesis at a crucial stage in the expansion of the company, whose ambitions stretch beyond the purely monetary. At the beginning of April, Kinesis successfully launched a government-backed project in Indonesia, in one of the largest public-private partnerships in economic history. The PosGO Syariah Ecosystem is designed to leverage economic benefits to the financially underserved nation of Indonesia, and revolutionises the entire nation’s access to financial services. Crucially, this project shows how the Kinesis technology can be applied on a global scale, with more national-level projects underway. How will Noorman add to the value of Kinesis? Noorman has demonstrated success in delivering large business technology and transformation programs. The experienced CTO is a technology leader with a track record of bringing clarity and direction to strategic business decisions, enabling immediate savings and assuring future, profitable business growth. What’s next for Noorman and Kinesis? 2021 is set to be a year of exponential developmental and commercial growth for Kinesis. With the impressive roadmap going forward and the well-awaited UK & European card launch coming in Q2 this year, Kinesis is ready for the next phase in the company's commercialization. Kinesis Money CCO Jai Bifulco said“We are looking forward to working with Jason as our new CTO as we continue to lay the foundations of sustainable success across the globe. Jason Noorman’s valuable experience in digital transformation and technology development will bring additional robust management procedures into the company and take the Kinesis system to the next level.” Kinesis Money CEO Thomas Coughlin said “We are delighted to have such an acclaimed specialist joining Kinesis. We believe that with his assistance we'll be able to positively surprise our community with our progress and innovation we can bring to the market.”
Kinesis introduces British pound (GBP) trading pairs, available on the Kinesis Exchange from today. As well as trading GBP pairs on the exchange, Kinesis users are now able to simply buy or sell gold, silver and crypto in pound sterling via the Kinesis Money dashboard. The exciting addition of the pound (£), delivers greater access, value and simplicity for Kinesis users holding the British currency. Welcome news for the many UK-based Kinesis users, the inclusion of the pound marks another step in the progression of the Kinesis Money (KM) platform. With the addition of Pound sterling, UK-based traders and investors are now able to experience the benefits of the KM platform in their everyday, local currency. For the rest of the global Kinesis community, the availability of the pound presents trading opportunities across a wider variety of pairs. Additionally, Kinesis users from the UK now have the advantageous option of depositing and withdrawing funds in Pound sterling, without the need for conversion. What can I trade on the Kinesis Exchange? The latest addition to the platform means Kinesis users now have the ability to trade Pound sterling against all other assets on the Kinesis Exchange, including Kinesis gold and silver-based digital currencies, KAU (Gold) and KAG (Silver). The Kinesis Exchange provides simple, convenient and low-cost trading between: Pound sterling (GBP)Kinesis gold (KAU)Kinesis silver (KAG)Bitcoin (BTC)Ethereum (ETH) Following on from the addition of Bitcoin and Tether last year, Kinesis will continue to diversify our trading ecosystem. More news for UK-based Kinesis users In another important announcement for our UK users, Kinesis is launching the UK & European physical Kinesis Visa Card program in Q2 2021. The physical Kinesis VISA card enables cardholders to instantly liquidate and spend their physical precious metals or cryptocurrency, anywhere in the world VISA is accepted. With high limits and global cash withdrawals, the physical card connects Kinesis currencies with everyday banking. The addition of GBP trading pairs represents another important milestone in the progression and global accessibility of the Kinesis Money (KM) platform. Kinesis will continue to establish the Kinesis Exchange as a borderless trading hub and the premier platform for trading digitalised physical precious metals and cryptocurrency globally. View our new pairs and make a deposit today. LOG IN
In partnership with ABX and PT Bullion Ecosystem International, Kinesis has launched the first government-backed, sharia-compliant, gold-based financial infrastructure ever created. Jakarta, London, 16th April 2021: Kinesis is happy to announce the soft launch of PT Pos Indonesia’s physical gold-based digital Sharia product, PosGO Syariah. PosGo Syariah is the first Islamic mobile ecosystem business in Indonesia, as supported by the Sharia Supervisory Board formed by the National Sharia Council. With full backing from the Government, the Sharia-compliant platform enables Indonesia’s predominantly Islamic population to manage their wealth, trade, save and transact in the debt and interest-free gold bullion via mobile device. The nationwide reach of the government-run postal service, PT Pos, opens up the shariah-compliant, economic stability of physical gold to the entire population of Indonesia, including unbanked and underbanked communities. As the largest non-bank institution in Indonesia, PT Pos is positioned to offer the Indonesian population financial access through 24,000 physical service locations across the country. Through integrating the Kinesis technology and monetary system, the PosGO Syariah app provides Indonesian citizens with ‘PosGold”, a digitalised physical gold trading platform and ‘Switch’ for real-time peer-to-peer transfers of both gold and fiat balances. The platform also offers ‘Pos Pay’ a payment gateway and E-Wallet service and ‘Gold To Mecca’ a gold-based community savings program for Hajj and Umrah pilgrimage trips. This partnership between PT Pos, Kinesis, ABX, ICDX and PT Bullion Ecosystem International is one of the largest public-private partnerships in economic history. The platform is live and being rolled out firstly to PT POS’s 45,000 employees. In subsequent months, the platform will be rolled out nationwide across Indonesia. Key representatives, including the President Director of PT POS and top government officials, will present the mobile application along with the vision for Indonesian financial services at a press conference on May 21st 2021. PT POS Corporate Spokesman said: "PosGo Syariah is a large ecosystem that integrates many parties to be able to actively conduct trade, business, service, utility, financial transactions as well as an ecosystem that integrates the supervisory work processes of all regulatory agencies in Indonesia with the aim of improving the quality of protection for the community as consumers and forming a systematic solution ecosystem for a better community life." Thomas Coughlin, Chief Executive Officer of Kinesis, said: “This a pivotal moment in the Kinesis journey. We are proud to be working with the Indonesian national government and all the partners involved in this momentous project. People are increasingly moving away from traditional currencies and I am humbled to present Kinesis as a robust and scalable solution for digitalised and mobilised gold as a currency. “Crucially, this project shows just how the Kinesis technology can be applied in the real world at a national level. Through public-private partnerships, which are a core part of our DNA and driver for innovation, we will continue to work with nations across the world to deliver viable solutions for the transformation of an outdated monetary system.”
We are pleased to announce that the final PMO is now underway. As of today, 15th April, 10:00 am GMT, the final KVTs under the current PMO were issued, triggering the commencement of the final Public Minting Offer (PMO). We are releasing this final KVT offering to the community in order to allow users to continue to benefit until the yield engine comes online in Q2. This final extension to the PMO will remain running with amended terms of 1 KVT for each $75,000 minted. This increase in capital cycles comes as we release the last 5,000 (only) KVTs that will ever be made available to the public from mint cycling. Now is an opportune moment to access the enhanced benefits of the PMO: Access 3X Minters Yield.Receive a KVT for each $75,000 minted. It’s important to remember, minters are able to recycle the same capital through the minting process, over and over, enabling them to achieve the threshold more easily. Please visit our dedicated page for a step-by-step minting walkthrough led by none other than Andrew Maguire. Start minting today. LOG IN See T&C's here
In this update, CEO and founder Of Kinesis Thomas Coughlin, would like to share with you the progress of the Kinesis Monetary System in the first quarter of the year and provide insight and a glimpse into Q2 2021 and beyond. Since the beginning of the year, the Kinesis team has been aggressively developing and enhancing various aspects of the system in order to provide the scalability required to take us to the next phase in our development and commercialization. Q1 was a quarter of consolidation and foundation building across all internal systems and functions in order to be able to serve desired developmental and commercial growth into the future. While technological development has remained the core focus this quarter, we have invested heavily into regional expansion and restructuring of internal operations. All functions across the organisation have been expanded and optimized in preparation for the next phase in our commercialization. New offices have been built out and are coming online across Liechtenstein, Istanbul, Kuala Lumpur and Jakarta with a recruitment drive in place for approximately 100 new team members to support a rapid global expansion. Big differences will be felt company-wide this quarter (Q2) across Tech Development; Customer & Tech Support; Sales & Account Executive Management; Banking; Marketing and PR. We continue to lay the foundations of sustainable success through enhancing our regulatory and governance frameworks and will continue to optimize our services and information access for our clients. I am personally excited about significant expansions and enhancements across our Support function, as well as the building out of a new highly personalized Account Executive team, to focus on a personalized client service from the point of account creation. Both structure and leadership have been the primary focus in optimizing the technology team. A highly scalable technology team structure has been implemented to facilitate regional team growth and accelerate development velocity. With our new exchange technology now live, we have an aggressive roadmap of technology releases and partner integration launches to come over the course of this quarter and throughout the rest of the year. Delays related to Covid-19 have been overcome in Indonesia. We now have launch dates set, with top Ministers in the country scheduled to officially launch the project through a formal ceremonial opening. This important Public Private Partnership has been a long time in the making with many complicated moving parts but sets a strong precedent and case study for other similar PPPs with other governments. It has been followed closely by the United Nations along with other governments and acclaimed for its satisfaction of the UN Sustainable Development Goals. The official opening comes after extensive testing and is an important milestone in the project to begin to ramp-up adoption in the country. Other partnerships across the brokerage, precious metal, banking and digital asset spaces are forthcoming with numerous coming in Q2 and beyond to expand accessibility and adoption globally. All technical work was completed on KEM during Q1, however, due to logistical constraints beyond our control, this project will now launch this quarter. This project will continue to build upon the leadership Kinesis is providing in the asset-backed digital currency space. We now have a growing list of exceptional partners in the banking and payment space and will be unveiling extensive options for on-and-off-ramping funds along with continuing to release new partners to offer individual and corporate banking solutions to Kinesis users. During the quarter we also opened our new vault and office in Liechtenstein with our partner OZL, which will serve as our new Headquarters. Liechtenstein is a leading jurisdiction from a corporate, property law and blockchain regulatory perspective and we welcome the increased corporate governance and regulation that this jurisdiction provides to our organisation. Our volumes have surpassed expectations and guidance previously provided, reaching approximately $1.3 billion in March alone. Although a majority of this volume has been derived from minting operations by users, it demonstrates an exponentially increasing interest in the Kinesis Monetary System. This continues to accumulate fees in the Master Fee Pool to be distributed with the yield engine being sequentially launched throughout this quarter and next. We have a long list of integrations with trading platforms, crypto exchanges, governments (Indonesia), brokerages, dealers, financial advisory houses, along with banking and payment platforms to begin providing organic investment and trading growth. Users coming from these organisations will be incentivized to invest, trade and transact through our unique value proposition and intrinsic active yield and reward mechanics. Marketing and PR activities are warming up and about to kick into gear to begin commercialising in sequential order across our target market verticals; precious metals; digital currencies/assets; and banking & payments, as we bring robust and user-friendly services online. No opportunities have been lost and crucial market intelligence has been gained during our build-out and as the digital asset industry has matured, the timing is perfect now for the Kinesis Monetary System. We have discretely diversified across the precious metals supply chain from start to finish and are efficiently moving metal around the world. Systems continue to be enhanced and expanded, new products, currencies, wallets, pairs, solutions and services are being tested and built into the system as I write. Our team is invested in this project throughout this lifetime and beyond and although patience has been required, 2021 is set to be a year of exponential developmental and commercial growth for Kinesis. All journeys have their twists and we hope to be able to positively surprise our community with our progress and outperform expectations if at all possible. I provide further detailed updates on Q1 below and insight into Q2. A summary of the Q1 and outlook for the Q2 period Legal and regulatory updates Q1 – Kinesis Cayman – Kinesis Cayman applied to register its entity with the Cayman Islands Monetary Authority - providing enhanced transparency of operations and ensuring the maximum level of international compliance standards for its customers. Q1 – Kinesis South Africa – Kinesis established a formal legal entity in South Africa and is rapidly working to expand its commercial and banking operations to develop its presence in the country and across the wider African continent. Q2 – Kinesis will establish a registered presence in Turkey to provide enhanced buying/selling/processing services with physical precious metals. Compliance (General) – Kinesis is enhancing its compliance and regulatory programs in key operating countries which will provide even greater customer confidence from compliance with some of the World’s most stringent regulatory environments. Indonesia Kinesis has now established an Indonesian office and development team comprising 8 new members. With the operations and partnerships ready for expansion after the official launch dates, the team has been established as a regional technical support and development hub. Indonesia Commodity & Derivatives Exchange (ICDX): Kinesis has partnered with a large exchange group in Indonesia, bringing access to their 40+ Brokerage Member firms. Kinesis is expanding the client base as a result, bringing users to KAU through the integrated PosGo Syariah and NUGold trading apps. PosGO app rebranded as PosGO Syariah: In order to reflect the shariah-compliant nature of KAU and to position the overall offering of PT POS gold trading and savings to the Indonesian market, the mobile app has been rebranded as PosGO Syariah. The soft launch and a testing period now being complete, the two-phase general and official launch has been scheduled. This April 16th a Press Conference and PR event will be held to introduce PosGO Syariah to the public. In May, the official inauguration ceremony for PosGO Syariah will be held, with participation by the President Director of PT POS, the Minister of State-Owned Enterprises, other top government officials and Kinesis executives. PosGO Syariah is currently the only mobile app offering digital access to gold on the market, fully compliant with the shariah laws. Kinesis Exchange upgrade: The updated Kinesis Exchange was successfully delivered on Saturday 27th of March, allowing users to experience better market depth, reduced margins and an overall trading functionality improvement. As part of the upgrade, scheduled enhancements to crypto withdrawals and KYC identity verification have now come into effect, the update was a leap forward in scalability and allows for a robust engine for partner and exchange integrations. Additionally, Kinesis Exchange has introduced the Public Trading View functionality, allowing prospective users to experience the platform and track prices of KAU, KAG and crypto in real-time, without logging in. Kinesis Headquarters and Kinesis Vault Facility in Liechtenstein In partnership with Offenes Zolllager in Liechtenstein AG (OZL), Kinesis has now completed the purpose-built, high security vaulting facility and operations Headquarters that house physical metal and precious stones in Liechtenstein. Our team is looking forward to presenting our new headquarters in upcoming interviews. Quarterly growth This quarter we have reached the total of 2020 trade volume and gained over 8000 new users. These numbers illustrate positive growth and increasing engagement of our community, strengthening the company’s reputation in the market. Looking forwards into Q2 UK/EU Visa Card program: Following the successful delivery of the physical Kinesis debit VISA card in the US, Kinesis is now launching the UK & EU physical Kinesis VISA program. This Visa approved program will allow users to access a range of new functionality, including the shift towards text message two-factor authentication (2FA), further enhancing the onboarding process and a range of new pairs in GBP. The Card limits will start with £7500 or €8000 per month limits and will allow EU and UK citizens and residents to use the card in local currency, greatly improving accessibility throughout the region. The Kinesis Yield Engine comes online The much-anticipated yield engine will be launching in Q2 with the minters yield being the first brought online, followed closely by Holders. We will be rolling out the yields one after the other and will continue until they are completed entirely. The process of releasing one yield after the other may go into Q3, however they will come in succession, without deprioritization. The engine launch will be supplemented by the Interactive Yield Dashboard added to the Kinesis Exchange interface. The intuitive Yield section will reintroduce the fee pool chart, split into 5 yield categories. Additionally, the dashboard will incorporate the interactive yield charts, circulation and velocity functionalities, allowing for transparent tracking of all 5 types of yield rewards received by Kinesis participants monthly. New Kinesis website rollout: Our team is currently fully focused on rebuilding the company website, providing new segmented functions, tailored to the vertices we are targeting, which is personal banking, trading and investing. The new site is a paradigm shift from the current website and represents the next stage of evolution in the Kinesis system. Third-Party Exchange Integrations We are currently several months through the integration process with several third-party exchanges from varied industries. Both the traditional and cryptocurrency industries are in the line-up. This will bring visibility and accessibility to Kinesis currencies and the Kinesis system to people from all walks of life and in a broad and diverse geographical spread. Each new exchange integration will be announced with a marketing push from both sides, including press releases, trading competitions and encouraging adoption and use through various bounty programs. Additional crypto pairs will be brought into the Kinesis Exchange, as well as additional fiat (GBP). The pairs will come a few at a time and we have now a dedicated team to assess and implement pairs, so you will now see continuous releases in this area as the year progresses. KEM Project: The KEM token has been fully developed and is awaiting launch, the delay comes with Logistical and valuation protocols that with the current Covid related issue affecting delivery and transportation, protracted the physical acquisition into Kinesis vaults. The initial tranche of Emerald precious stones, which are fully backing the upcoming currency, has been certified by the Gemological Institute of America (GIA) and will be re-evaluated once it arrives in Switzerland by the Swiss equivalent of the GIA. Logistics and implementing this robust quality assurance and valuation protocol requires the project to be deployed in Q2. Merchant services for debit card deposits Moving to Q2 as we work with new providers. Banking and Multi-Currency solutions We are incredibly excited to be releasing a host of on-and-off ramping fiat banking facilities into the Kinesis system for numerous currencies. This will mean local, bank-to-bank transfers that are cheaper and quicker, without the need to use third-party providers to process transactions. Multi-Currency options will include; Canadian Dollar, Swiss Franc, Australian Dollar, New Zealand Dollar, Hong Kong Dollar, Singapore Dollar, Offshore Chinese Yuan & Indonesia Rupiah. This currency list will continue to grow with demand. This improvement is a much-welcomed addition into the Kinesis infrastructure and I look forward to officially announcing these new facilities. Significant enhancements to Customer Service Kinesis has recognised the need to reinforce, grow and implement a truly scalable structure for our Customer Service department. In the coming weeks, you will see additional Customer Service Agents, located across the globe join our ever-growing team. These agents will be undertaking an intensive training course to deliver users with an exceptional level of customer service. In addition to this, a new ticketing system will be implemented, meaning you will have greater transparency and tracking of issue resolution and progress. The team will be working according to a schedule that will see 24/7 customer support. We expect this round-the-clock service to become available within the next 30 days. We also understand that sometimes, things can get incredibly busy, and we want our valued users to be able to raise support requests even when our representatives may be busy serving other users. Two exciting features will be introduced to assist here. Firstly, a dynamic chat-bot will be integrated with our chat platform to assist users with a readily available comprehensive FAQ database, and secondly, a self-service kiosk will be integrated, which allows users to raise support requests immediately. Moreover, the processes behind the progression and update frequency behind support requests have been overhauled to ensure a seamless customer service experience is experienced by all. We strive to deliver excellence in customer service to our community, and we are taking the steps to ensure our customer service department is robust, scalable and eager to drive speedy and transparent solutions. Account Executive Expansion We are bolstering our Account Executive team, with new personnel joining our team and commencing in the coming weeks. These new Account Executives will be joining us from across the globe, meaning no matter where our users are situated, all KMS users will have the ability to connect with a dedicated Account Executive in a timezone similar to their own. This gives our valued users a highly personalised service experience, with a primary point of contact that can be reached on the phone or by email during local business hours. Of course, our global Customer Service team will continue to provide support outside of local business hours. We are serious about building out a positive customer experience that cannot be beaten. We are deploying the resources to achieve this and we have restructured the relevant internal departments to make this a reality. We are truly excited to roll this initiative out and continually improve to consistently deliver top-quality service to our community. Summary The above milestones are well on track for delivery. We look forward to updating you on those over the next month. With the increase of our Marketing and Commercial activities, Kinesis is projected to continue on its rapid and exponential growth curve. We have increased our marketing activity globally, deploying a number of marketing solutions to improve visibility, alongside various technological improvements regarding UI, following extensive feedback on the user onboarding process. Our YouTube and social channels are currently thriving, resulting in higher customer acquisition. In the coming weeks and months, you will see an increased presence from our Executive team across various channels as things really start to come online. I will personally be engaging in more interviews, so you will be seeing a lot more of me across the globe. We are ready to begin making some noise in the market and be bold to maintain our leadership. We have a unique system, amazing people and teams, the passion, and the mission to empower everyone whether it is for trading, investing or for an alternative to the current banking system. Via the Kinesis Monetary system, people can and will take part in the way we are transforming money for tomorrow. We will be releasing the exciting Q3 and Q4 roadmap in the next coming weeks. Best Regards, Thomas Coughlin.
We wanted to update the community on the latest Mobile App update. We are happy to announce that the latest Kinesis mobile App update has been successfully delivered on April 2nd 2021, modernising the app interface and greatly enhancing the mobile trading experience for Kinesis Exchange users. The latest version of the app sees a number of visual design updates incorporated, as well as patches to a few minor bugs. The redesign of the Kinesis app will provide a more streamlined user experience by enhancing existing functionality and scalability, as well as adding new features and intuitive design improvements. This includes major updates to the debit card section and accounts tab, with Kinesis exchange mobile optimization in mind. The new app update includes: Enhanced trading screens Improved design on trading view charts Enhanced order screens for better user experience when trading New market pair screens, which now include volume and better layout Improved user interface for debit card, including top-up facilities Upgraded order book Enhanced integration services and API connectivity The US physical Kinesis Visa debit card now available on the app Alongside the Kinesis virtual VISA card, available worldwide, the US physical Kinesis VISA card is now easily manageable through the mobile app, including a top-up facility. In addition to that, the UK & EU physical Kinesis VISA card functionality will soon be incorporated into the Kinesis App, following their Q2 launch. Further updates The Kinesis team have already been working hard on the next phase of development, to be released in the upcoming cycle. Regular improvements will continue to be rolled out throughout the year as we proceed with our commitment to improving the user experience. Further information will be available in the coming week as Kinesis CEO Thomas Coughlin releases a comprehensive, written quarterly update looking ahead at an exciting year for Kinesis. Download the Kinesis app today.
We wanted to update the community on the success of the Kinesis Exchange upgrade and several other exciting releases and developments across the Kinesis system. The Kinesis Exchange upgrade was successfully launched over the weekend. As we implement more advanced market making strategies over the next week, from this coming Saturday 27th March, users will experience more market depth, reduced margins and an overall superior trading experience. As part of the upgrade, scheduled enhancements to crypto withdrawals and deposits, and KYC identity verification, have now come into effect. However, in order to ensure the maximal efficiency of the process, we will continue to further enhance KYC onboarding. CoinMarketCap and CoinGecko listing Over the weekend, the creation of new API endpoints and a public TradingView has fulfilled the final requirements for listing the Kinesis Exchange on CoinMarketCap and CoinGecko. The two industry leaders aggregate and report the recently-traded prices for hundreds of cryptocurrencies traded on hundreds of platforms around the world. These listings are a significant milestone for Kinesis, which will further build the reputation of our platform and digital assets within the global crypto community. Tax data update We are currently testing new CSV functionality on the Kinesis Exchange, which will enable Kinesis users to export all necessary data for upcoming tax reports. The CSV file can be simply uploaded to Koinly, as well as, the application our community requested, CoinTracking, or any other provider. Looking ahead, we are working in the background to enable API integration for more seamless tax integration. Kinesis mobile app update Through plugging into the new exchange sockets, a Kinesis mobile app update will deliver exchange mobile optimisation and a greatly enhanced mobile trading experience. While mobile app user interface updates will provide better, enhanced user interaction with the Kinesis mobile app. Additionally, our US-based users will be excited to hear that the US physical Kinesis Visa card will now be manageable via app. Looking forward, the upgrade will deliver stability and scalability of the Kinesis Exchange, enabling Kinesis to introduce more pairs onto the platform and enhance integration services and API connectivity. This essential provision for both third party providers and institutions is integral to the Kinesis commercialisation process laid out for 2021. Keep an eye on your inbox next week for a full, written quarterly update from Kinesis CEO, Thomas Coughlin, bringing the year ahead into focus.
Kinesis is excited to announce the public release of the US Kinesis Visa card and hybrid banking facility. Following a successful beta testing period, Kinesis today releases the Kinesis Visa card and accompanying banking systems for all of our users in the United States. The US Kinesis VISA card enables cardholders to instantly liquidate physical precious metals or cryptocurrency and spend anywhere in the world VISA is accepted. With high limits and global cash withdrawals, the US Kinesis Visa card connects Kinesis currencies with everyday banking. While an accompanying hybrid banking facility offers cardholders all the functionality of a bank, including a variety of deposit and withdrawal methods. The US Kinesis VISA card features, include: All the functionality of a US Bank account $20,000 max limit Global ATM withdrawals in local currency $920 daily ATM withdrawal limit $5,000 daily POS purchase limit Free fiat transfer between KM platform and card. FDIC Insured up to $250,000 Members of the US Kinesis Visa card and hybrid banking program will be charged a $1.99 monthly fee. The integrated bank account enables Kinesis cardholders to receive their salaries directly into their Kinesis account. This feature makes it easy for users to immediately convert their income into the stable value of physical gold or silver each payday. Giving users the ability to instantly spend their precious metals for routine payments and everyday purchases. Alternatively, users can simply choose to invest a percentage of their monthly earnings in precious metals to put a little something aside for the future. We would like to extend our thanks to the beta testers who participated in US beta program for your time and all of your insightful feedback. What's next for Kinesis? In further exciting news, Kinesis is set for the next regional release of our card program in Q2, with the launch of the UK and EU Kinesis Visa card and banking program. Remember, for those Kinesis users located in a region not yet covered by our physical card program, the virtual Kinesis Visa card is accessible globally. As you know, we like to keep the Kinesis community informed at every step in the journey of our platform and the growth of our monetary system. For a detailed look at the year ahead from Kinesis CEO, Thomas Coughlin, why not catch up on our 2021 Webinar. The Kinesis Visa card expands the real-world utility of the Kinesis Money platform. Another crucial step forward in Kinesis’ mission to facilitate the transition to using physical gold and silver as currencies, once again. Order your card today.* LOG IN *available for US citizens only. *View our fees page.