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I’d like to introduce a new project to the discussion, it is a gold-backed Stablecoin, Kinesis.
Based in the Cayman Island, until now it has raised over $66 millions start-up capital.
It will launch on the 1st July 2019.
Kinesis’ plan is to merge precious metals with blockchain technology, as in their website
Gold and silver
Historically two of the most stable and reliable assets. Universally accepted and by providing the holder with intrinsic value, precious metals have passed the test of time, yet they come with certain drawbacks.
Cryptocurrency
More notably the blockchain, allows for a decentralised medium of exchange that is super-fast and reliable, enabling a way for people to transact with each other without the use of a centralised control. Cryptocurrency on the blockchain allows for an immutable way to exchange with each other but lacks the stable store of value required to be used as currency.
Kinesis
Providing the ultimate solution by combining these two assets to create a universal currency which is both a stable store of value, based on physical gold and silver, and an efficient medium of exchange, fully redeemable and spendable anywhere around the world.
Kinesis finds itself in a unique position given its historic roots in the precious metals industry through founding company and strategic partner ABX.
Providing all the benefits of traditional gold and silver…
With the speed, security and convenience of state of the art technology.
https://kinesis.money/en/
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Kinesis Monetary System extends Africa Footprint with the South African Jewellers Network.
Kinesis is proud to be partnered with the South African Jewellers Network to leverage a combined effort towards accessibility and education on the operational usage of the Kinesis Monetary System within the jewellery, precious metal and mining industries.
We believe that is important to reward participation within our monetary ecosystem and this will add additional economic benefits and competitiveness for the participants of the South African Jewellers Network.
Kinesis supports the growth of new entrepreneurs and established jewellers and aims to lay a foundation for impact towards the market and economic growth within these industries.
http://jewellersnetwork.co.za/kinesis-monetary-system/
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28th June 2019
Kinesis, Indonesian Government Postal Service (POS Indonesia), the world’s third largest Post Office and OZL Liechtenstein, to launch the first and only purpose-built bullion vault in Indonesia (https://kinesis.money/en/company-news/kinesis-launches-first-purpose-built-bullion-vault-in-indonesia/)
"Additional stakeholders in the project include, Jakarta Futures Exchange (JFX), government clearinghouse Kliring Berjangka Indonesia (KBI) and religious organisation – Nahdlatul Ulama (NU) who have 100+ million members."
16th July 2019
Kinesis, ABX and JFX Partner to create Sharia Gold Contracts in Indonesia, Asia’s first Sharia-compliant allocated physical bullion exchange. (https://kinesis.money/en/company-news/creating-asias-first-sharia-compliant-bullion-exchange/)
"Currently, gold is a major asset for saving and investment in the region, as it’s historically seen as one of the safest and most reliable stores of value available. With 225 million (87%) of the country’s citizens following the Islamic faith, many follow Sharia Law in which gold is proclaimed a legal investment, which increases the local demand for the asset.
PT POS Indonesia is the state-owned postal service in Indonesia and third largest postal service in the world, in terms of number of offices and sales outlets (over 58,000). In addition to delivering postal services, they are also the largest non-bank financial institution in Indonesia, providing payments, cross border remittances, micro-loans and other financial services."
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Kinesis partners with U.S.-based healthcare platform Rejuvenan Global Health, enabling reward payments using digital currencies
30th July 2019
Rejuvenan is a digital wellness and health company that focuses on delivering an integrated and holistic approach to healthcare to its clients. Unlike other wellness/health companies, Rejuvenan’s data-driven platform uses AI to diagnose and provide clients with specific behavioural modification strategies for optimal health outcomes. By powering a Rejuvenan rewards currency based on the Kinesis platform, Rejuvenan will be able to leverage Kinesis’s established operational infrastructure to provide their clients with a rewards system that incentivises healthy lifestyles.
Rejuvenan Founder and CEO, Fred Nazem, is a corporate architect and venture capital pioneer who has been building highly disruptive, industry-leading healthcare and technology companies since the late 1970s. He is the co-founder of several multibillion-dollar companies and a turnaround specialist best known for leading the successful reorganisation of Oxford Health Plans, which was later sold to United Healthcare for more than US$6 billion.
https://kinesis.money/en/company-news/kinesis-partners-with-us-based-healthcare-platform-rejuvenan-global-health-enabling-reward-payments-using-digital-currencies/
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Kinesis on BlockTV.com
https://blocktv.com/watch/2019-08-06/5d495206e7692-the-evolution-of-the-gold-standard
20 min.
Interview with Jai Bifulco, Kinesis' Chief Marketing Officer
Kinesis is going to be launched on the 30th August
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Kinesis to launch revolutionary new bullion-backed monetary system in Indonesia
Expansion built on close partnership and collaboration with Indonesian Government, Regulators, and key organisations, including the creation of Indonesia’s first bullion vault
Gilarsi Setijono, President Director at PT POS Indonesia comments:
“Gold is a very important investment and savings asset class in Indonesia across all segments of society and the first and only purpose-built vault facility will give significant access and confidence to the market. This vault project together with Kinesis and OZL, as well as other government-related gold savings initiatives, will be of long-term benefit to Indonesia and Indonesian citizens.”
Stephanus Paulus Lumintang, President Director at Jakarta Futures Exchange, comments:
“JFX is committed to providing the best solutions and services in the futures and derivatives industry. It’s increasingly become clear to us that the benefits of distributed ledger technology, or ‘blockchain’ will unlock tremendous amounts of value for Indonesia and Indonesian people. Blockchain regulation in Indonesia is currently in progress, and it is quite an important, yet difficult task. However, JFX is ready to be a blockchain exchange company in Indonesia, in compliance with any legal and regulatory requirements.”
“Our future partnership with Kinesis and ABX will enable us to not only tap into these advantages but to create a secure and transparent blockchain network that provides a credible alternative to existing systems of exchange.”
https://kinesisgoldstablecoins.com/kinesis-to-launch-revolutionary-new-bullion-backed-monetary-system-in-indonesia/
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Kinesis is live! :D
https://www.youtube.com/watch?v=s7zjgvxib8A
Feel free to visit Kinesis new website
https://kinesis.money
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Video-Introduction to the Kinesis Monetary System by Shane Morand (https://shanemorand.com)
https://www.youtube.com/watch?v=ZTbp6UNZRxU
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Kinesis Partners With XcelTrip Enabling Bookings Using Gold And Silver (https://kinesisgoldstablecoins.com/kinesis-partners-with-xceltrip-enabling-bookings-using-gold-and-silver/)
Kinesis today announces its latest partnership with XcelTrip, an online platform that allows holidaymakers from around the world to book over 1.5 million hotels and resorts, and more than 400 airlines. XcelTrip provides their half a million client user base with the currently rare opportunity to book travel arrangements using a wide range of cryptocurrency payment options.
As part of this partnership, Kinesis is excited to announce that XcelTrip is now accepting Kinesis KAU, the fully allocated, 1:1 gold-based currency, as a payment option via their website or associated mobile app.
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Kinesis 10th biggest ICO since 2016
https://www.pwc.ch/en/publications/2020/Strategy&_ICO_STO_Study_Version_Spring_2020.pdf
p3
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Kinesis Releases Their Mobile App (https://kinesisgoldstablecoins.com/the-kinesis-mobile-app-is-now-available/)
Through the now available mobile app Kinesis users can buy, sell, send or just store their gold- and silver-backed stablecoins: money can be sent internationally as well as domestically instantly, at a cost of 0.45% of the transaction amount.
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NORTON.COM/SETUP (https://norton-setup.uk.net/)
NORTON.COM/SETUP (https://www-norton.uk/)
NORTON.COM/SETUP (https://securenorton.com/)
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McAfee software has several features like protection against viruses and malware, permanently delete the damaged data, protection for many devices, etc.
Mcafee.com/activate (https://directorybuzz.co.uk/mcafee-activate)
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Microsoft Office is client software available for data collection
Office.com/setup (https://butoffice.com/)
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Visit to create your Webrootaccount. Install Webroot on your device from webroot.com/safe to remove viruses and bugs
webroot.com/safe (https://webrootpro.com/)
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From the Q4 - Quarterly update
Partnership with Atlas Vaults & Brokers
In the last quarter of 2021, Kinesis partnered with Panama-based vaulting provider, broker and trading hub, Atlas Vaults & Brokers.
This becomes Kinesis’ 13th storage facility of the company’s global vaulting network, which now spans 9 countries.
In partnership with Atlas Vaults, Kinesis has brought online a competitive precious metals offering, with no insurance and storage costs, dedicated to servicing the Latin America region.
I don't know if Kinesis users can choose the storage facility and the country the precious metals represented by their K-coins are held in, but it would be cool.
Kinesis users get their precious metals vaulted and insured at no cost.
They had published 2 or 3 audit reports, now with Covid restrictions audits (independent, i.e. by a third party) cannot be done, as all the vaults have to be audited simultaneously.
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Breaking XDC News! Gold And Silver Backed Tokens On XDC Network - Partnership With Kinesis Money!
Kinesis Money Partners with XinFin and Readies Cross-Chain Bridge To Develop Thriving Digital Asset Ecosystem
Kinesis Announces Plans to add XDC tokens to the Kinesis Exchange and as a leading partner for development for cross chain interoperability
SINGAPORE / ACCESSWIRE / February 10, 2022 / XinFin, creators of the XDC Network - a highly interoperable hybrid blockchain platform positioned to support global trade and finance - today announces a partnership with Kinesis Money, a global trading and utility platform catering to both precious metals and digital assets.
As part of the proposed partnership, Kinesis will take a multifaceted approach towards extending its blockchain network to include additional blockchain protocols to operate its native KAU and KAG tokens.
In line with this strategy, Kinesis will first list the XDC and XRC20 tokens on the Kinesis exchange providing XDC holders the ability to trade against precious metals tokens KAU and KAG, which are fully allocated physical gold and silver backed tokens, which hold real world utility for saving, or spending as global currency.
There are two separate phases which will develop the partnership. The first aims towards the enablement of minting Kinesis' gold and silver-backed digital currencies (KAU and KAG respectively) on the XDC Network as XRC20 tokens, and integrating XRC20 KAU and XRC20 KAG tokens on the Kinesis Exchange platform for direct use and utility on the XRC20 protocol.
Additionally, XinFin and Kinesis will explore the development of a bridge between the XDC Network blockchain and the Kinesis contract on the Stellar blockchain to allow seamless interchange of these assets.
The integration comes at a time when many other Layer 2 projects are deploying on the XDC chain for its scalable, cost-efficient infrastructure and growing community. The XDC Network is recognized as a highly-accommodating Layer 1 Network, with inherent technological advantages and user-friendly mechanics, that complement the vision of the Kinesis ecosystem and partnership model.
About XDC Network (XDC)
XDC Network is a hybrid blockchain equipped with a public and private state. The network is designed to meet the needs of enterprises seeking to enhance their business infrastructure, reduce costs and improve visibility through blockchain technology. As an EVM-compatible and delegated proof-of-stake powered network, it is both developer-friendly and scalable. XDC Network offers compatibility with ISO 20022 financial messaging standards, interoperable smart contracts, near zero fee transactions, double validation and high security, which all power a wide range of novel blockchain use cases.
About Kinesis Money
Kinesis Money is an end-to-end monetary system based 1:1 on physical gold and silver. Founded in 2017, Kinesis was born from Allocated Bullion Exchange, an institutional metals exchange trading globally for over a decade. In just four years, Kinesis has gone from capital raise to the world's most traded allocated digital gold product, with over $10B traded in 2021. Since its inception, Kinesis has driven rapid expansion on a global scale, with 80,000 + clients amassed across 151 countries.
Through robust vaulting infrastructure and innovative financial technology, Kinesis is reintroducing gold and silver as money. The platform enables citizens across the world to protect their wealth outside of the current monetary system.
https://finance.yahoo.com/news/kinesis-money-integrates-xdc-network-163000191.html
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XDC XINFIN Kinesis Partnership Announcement
https://www.youtube.com/watch?v=ViyIfInQYo8
ABOUT XinFin
We as an organization are on a mission to improve the overall deficit in the global infrastructure with the help of Blockchain technology. We as a company have revolutionized the concept of peer-to-peer transaction by using community driven digital assets in an open source blockchain platform.
The core idea behind our initiative is to make the transactions more secure and transparent among the parties involved in a cross-border trade. XinFin, as an organization; believes in establishing an environment that will help businesses to thrive without having to worry about the hassles of the international fund transfer.
XinFin Foundation is a non-profit organization which liaises with different international governments in order to reduce the existing gap in global infrastructure. According to XinFin, the lack of government sponsored financing hinders the possibility of many infrastructure projects around the globe.
However, by means of creating a secured blockchain transaction platform, XinFin aims to bridge that gap wherein the investors can bid for different infrastructure projects and finance them in a smoother way, thereby avoiding all the issues and paperwork that arises during the process of allocating finance to an infrastructure project happening in a different country. The idea is to leverage the facilities of blockchain platform to connect the investors and the developers in a secure environment thereby allowing them to transact finances against certain secured digital assets.
https://xinfin.org/about
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Kinesis Partners with Panama-based Provider Atlas Vaults
Kinesis in Latin America
With a history of episodic hyperinflation and current, prolonged inflation in the LatAm region, the Kinesis ecosystem will reduce barriers of entry for those wishing to experience the stability and safety of precious metals investment.
Through the partnership, citizens can easily utilise precious metals as a hedge against the steep inflation rates seen in many countries across Latin America, which reached 10.25%* in Brazil - a recent report has shown.
In times of high inflation, capital investments that gain proven returns are desirable across the board. Intrinsic to this partnership, Atlas Vaults and Atlas Brokers will introduce their significant client base to the Kinesis Money platform, enabling them to generate a passive yield on their precious metals holdings.
By storing precious metals with Kinesis, holders will have instantaneous access to the usage-based yield model that offers a return for simply holding precious metals, with all storage and insurance costs covered. With the October Holder’s Yield payout reaching a total of $2.84 million, investors can generate a proven debt-free, passive return on their bullion investments.
With local currencies continuing to experience the corrosive effects of inflation, Latin American investors are now provided with an alternative investment solution to enhance their portfolios. The Kinesis Monetary system enables LatAm citizens to benefit from easy access to yield-bearing gold and silver, which sits protected in our vaulted, non-banking facility.
As part of Kinesis’ provision for Latin American users, the soon-to-launch Spanish version of the Kinesis Money site will introduce the entire Kinesis product suite in their native language.
The expected influx of Latin American clients is set to trigger an increase in global transactional activity within the Kinesis Monetary System, contributing to the yields of all Kinesis users globally.
https://kinesis.money/company-news/kinesis-partners-with-atlas-vaults/
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KAU/KAG Payments & Rewards Program with Merchants
In addition to the Kinesis Debit Card Program to be able to spend and pay with KAU/KAG in real-time for everyday purchases, Kinesis has embarked on a strategy and partnership that connects directly with hundreds of thousands of major merchants (both online and bricks & mortar), that not only facilitates the use of KAU/KAG for real-time purchases but also includes a rewards program.
The rewards program element is a % of the purchase price paid back directly into the client’s Kinesis Account in KAU/KAG (the equivalent of a credit card “cash-back”, with added Kinesis yields).
https://kinesis.money/company-news/q4-ceo-quarterly-update/
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Is it Better to Buy Gold or Bitcoin?
Which one is a better investment depends on your risk tolerance, investing goals, strategy, and how much capital you can handle losing. Consider buying Bitcoin if you want to speculate and join in the fervour for cryptocurrencies.
Bitcoin is young and unproven as an investment whereas gold has dominated the economies and markets for thousands of years as a means of exchange and holding wealth. Gold has been an asset that holds value over long periods and is used to hedge against market downturns. In a cycle of low and negative real interest rates and a hedge against economic, macro, and geopolitical uncertainty, gold is unrivalled as an asset indispensable in portfolio diversification and wealth preservation.
https://kinesis.money/blog/should-i-invest-in-bitcoin-or-gold-comparison/
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The Kinesis Card
The Kinesis Card will be released in Q2 and is in the final stages of assurance, with the program first to be rolled out in the United States, Europe, Australia, Canada and the United Kingdom. Closely following this, the card will be made available to clients on a global scale, one month after its initial release.
Once signed up and verified, cardholders will have complete access to their own virtual Kinesis card, as an integrated part of the Kinesis mobile app, with the physical card option for users to follow shortly. The multi-currency and storage preference functionality will allow users to store up to five digital assets on their card for instant conversion at the point of sale – including gold, silver, crypto or fiat – with a competitively high daily spend limit of £15,000.
The oncoming card represents a crucial milestone for the Kinesis system, positioned as a major catalyst for the use of Kinesis gold and silver currencies outside the system. The strategic partner selected for the Kinesis Card launch is just one of several partnerships set to facilitate the use of gold and silver as spendable assets, with localised card programs tailored to specific regions coming soon. More program-specific details will be released closer to launch.
https://kinesis.money/company-news/q1-ceo-quarterly-update/
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Indonesia Update
The march forward to implement the nationwide access and roll-out of KAU in Indonesia continues. As relayed previously, the standalone app PosGold Syariah is now PosPay Gold on the PT POS PosPay App. Both the legal transformation and the technical integration for this are now complete, giving the KAU product and application available to the already 1 million-plus accounts on PosPay.
The JFX application, JFX GoldEx, incorporating KAU, has soft-launched.
Up to now, for both PosPay Gold and JFX GoldEx, the “soft launch”, by government regulation, has been limited to a small user sub-set of internal and non-retail account users. We are pleased to announce that recently, with the assistance of our local Kinesis Indonesia team and partners, the Government Regulator (Bappebti) has been given a full demo and end-to-end testing of the platforms resulting in the approval to move out of the soft launch phase and into the full launch sequence.
While the roll-out to their respective existing and future target markets is up to PT Pos and JFX, we have been working closely with them on this plan. We expect both products and applications to go full live launch in Q2 2022. As the marketing plans and outreach programs for these products get enacted and operational, we will keep the Kinesis community apprised of all the details.
https://t.me/Kinesis_Gold_as_Cryptocurrency
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Kinesis announces the completion of its first independent audit of 2022.
(https://kinesis.money/company-news/kinesis-completes-third-independent-metals-audit/)
The third independent audit and verification of the gold and silver bullion, underpinning all Kinesis gold and silver-backed currencies, has been completed.
How exactly does the audit work?
Independent officers from Inspectorate International entered all Kinesis vaulting facilities across the world and physically tallied the quantity of gold and silver, comparing it against the quantity stated by Kinesis in an inventory report supplied to the auditor. The weight of the metals reported on is then compared to a snapshot of the Kinesis currencies in circulation, taken at the same time that the physical metals reports were generated.
How do I know my gold is safe?
The physical bullion behind Kinesis gold and silver-backed currencies sits in independently audited and insured state-of-the-art vaulting facilities.
The legal title to the physical gold and silver bullion, represented by Kinesis digital gold and silver-backed currencies, always remains with the holder.
The independently-conducted third-party verification provides assurance to all current and future Kinesis system users.
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Stellar (XLM) trading is now available on the Kinesis Exchange
XLM, the 10th cryptocurrency listed, is now available to Kinesis users. XLM will be paired against 8 fiat pairs, including USD, GBP and EUR, as well as Kinesis’ native stable coins based on physical gold (KAU) and silver (KAG) – enabling greater accessibility to the platform for cryptocurrency traders and investors.
Alongside the existing pool of cryptocurrencies, XLM is spendable on the Kinesis Virtual Card – which allows users to spend their cryptocurrencies, gold or silver in real-time, globally.
XLM’s listing was a natural choice, as Kinesis’ native digital gold and silver-based assets, KAU and KAG, are built on a fork of the Stellar blockchain.
By leveraging the Stellar blockchain, Kinesis can deliver users faster, low-cost global remittances and instant payments in gold and silver via the Kinesis platform.
Since its implementation in 2019, Stellar technology has allowed Kinesis users across the globe to instantly send and receive money using the stable value of physical gold and silver, while helping users to avoid the high costs and FX fees of traditional remittance provision.
https://coinrivet.com/stellar-xlm-trading-is-now-available-on-the-kinesis-exchange/
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Introducing the Kinesis Virtual Card
(https://kinesis.money/company-news/introducing-the-kinesis-virtual-card/)
Features of the Kinesis Virtual Card include:
- Spend assets in real-time with instant conversion
- High daily spend limit – $/£/€15,000
- Spend assets globally
- Earn gold and silver as you spend
- Hold and spend: USD, GBP, EUR, AUD, CAD.
- Transact with Mastercard
- No monthly or sign-up fee
- Spend currencies in your preferred order
- Compatible with Google Pay
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(https://static.wixstatic.com/media/467f18_7ed787755bc14664868c1bd07f913edc~mv2.jpg/v1/fill/w_500,h_500,al_c,q_85,usm_0.66_1.00_0.01/467f18_7ed787755bc14664868c1bd07f913edc~mv2.jpg) (https://static.wixstatic.com/media/467f18_7e367c4b9b6340d6bcc99ff2b2809ac0~mv2.jpg/v1/fill/w_500,h_500,al_c,q_85,usm_0.66_1.00_0.01/467f18_7e367c4b9b6340d6bcc99ff2b2809ac0~mv2.jpg) (https://static.wixstatic.com/media/467f18_60f8ffc686bf446a9701e499aa7e9e4c~mv2.jpg/v1/fill/w_500,h_500,al_c,q_85,usm_0.66_1.00_0.01/467f18_60f8ffc686bf446a9701e499aa7e9e4c~mv2.jpg)
Kinesis offer not only digital gold & silver but physical bullion too
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(https://kinesis.money/wp-content/uploads/2023/04/Q1-2-Update-Feature-Image.png)
Kinesis Pay
Tapping into the online payments and e-commerce space, Kinesis launched the bespoke Kinesis Pay payment plug-in, allowing online businesses to accept payments in Kinesis gold (KAU) and silver (KAG).
When integrated with a merchant’s online store, the globally available Kinesis Pay feature enables businesses to receive payments in the secure, time-proven value of physical gold and silver.
The moment businesses receive their first precious metals payment, they become eligible to receive a passive Holder’s yield on their gold and silver holdings. Merchants who participate in Kinesis Pay are also broadening their businesses’ range of payment currencies while simultaneously diversifying their company asset holdings.
At the same time, Kinesis Pay enables customers to make instant purchases of precious metals outside the traditional fiat banking system, further encouraging the global adoption of gold and silver as global currencies.
Indonesia
In another successful integration, we announced a new Kinesis-powered, white-labelled gold savings application for the Indonesian Hajj Brotherhood Association (IPHI).
As Kinesis gold is fully shariah-compliant, the IPHI selected Kinesis’ native asset to introduce gold savings to their 10-million-strong membership, comprised of Indonesian citizens of the Islamic faith who have taken part in the annual Hajj pilgrimage. Through the white-labelled solution, Kinesis’ gold savings technology can also be utilised for the Gold to Mecca and #GoldforNation initiatives.
With the proven versatility of Kinesis technology, the scope for future integrations is near-limitless. The infrastructure is built for deployment with global governments and organisations seeking to provide greater economic stability and financial access. Kinesis will continue to build and progress integrations within the region, providing citizens across Indonesia with low-cost mobile access to the timeless value of gold bullion.
External Exchange listings
In the first quarter of the year, Kinesis gold (KAU) and silver (KAG) were listed on the Dubai-based Emirex exchange, introducing Shariah-compliant physical precious metals to the thriving Middle Eastern markets.
In addition, Kinesis gold was listed on the BitMart cryptocurrency exchange, offering traders and investors more avenues to buy, sell and trade physical gold and silver outside of the Kinesis platform. The exchange listings of Kinesis’ digital assets provide further access to the stable value of precious metals through fairly-priced, fully-allocated physical gold and silver.
In addition to the increased brand visibility, the external listings of Kinesis’ native currencies incentivise Emirex and Bitmart traders to join the Kinesis platform. As awareness of Kinesis grows on the Emirex exchange, we anticipate users transferring their assets to the Kinesis platform to access Kinesis yields, physical redemption and the global utility of the Kinesis Virtual Card.
Merchandise store
Kinesis Ma’at Coin 2023 edition
Kinesis platform updates
Kinesis passes Q1 2023 Independent audit
Kinesis website revamp
Vaultside AMA with Kinesis CEO
Q1 – Q2 2023 – Quarterly Update (https://kinesis.money/company-news/q1-q2-2023-ceo-quarterly-update/)
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(https://kinesis.money/wp-content/uploads/2023/07/Q2-3-Update-Feature-Image.png)
KVT Yield Launch Pays Out Nearly $5m
In a monumental milestone for Kinesis, the fifth and final yield within the innovative Kinesis Yield System launched on the 30th of April 2023. The first payout rewarded all Kinesis Velocity Token (KVT) holders with their proportional 20% share of all Kinesis’ global transaction fees.
The initial yield payment saw $4.89 million worth of physical gold and silver shared with all eligible KVT holders. Following the yield launch, KVT holders will continue to receive their fixed share in the growth of the Kinesis system – paid in gold and silver, each month.
With the entire yield engine now live on the platform, Kinesis rewards those who choose an ethical, stable monetary alternative, offering users a substantial share in the long-term growth of the Kinesis Monetary System.
New Quarterly Audit Schedule
In response to our community’s feedback, we introduced a more frequent, quarterly auditing schedule, further reinforcing our commitment to transparency and integrity. Going forward, Kinesis will continue to update the community with audits on a quarterly basis, in line with this new reporting structure.
KAU and KAG Listed on Coinmarketcap and CoinGecko
At the beginning of Q2, Kinesis’ gold KAU and silver KAG assets were officially listed on Coinmarketcap and CoinGecko.
As two of the largest cryptocurrency data aggregators in the world, this was a significant milestone for Kinesis and a major step towards enhancing the visibility and accessibility of Kinesis gold and silver-backed currency assets.
The Kinesis Exchange is also listed on CoinGecko, therefore making total KAU and KAG volumes in line with true volumes. There is ongoing work happening currently to have the Kinesis Exchange properly listed on Coinmarketcap, which will fully realise the total volume on our KAU and KAG pairs there also.
https://kinesis.money/company-news/q2-q3-2023-ceo-quarterly-update
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Q3-Q4 2023 – Quarterly Update (https://kinesis.money/company-news/q3-q4-2023-ceo-quarterly-update/)
(https://kinesis.money/wp-content/uploads/2023/10/Q3-4-Update-Feature-Image.png)
Kinesis Aurum® bills
In Q3, Kinesis established a global, collaborative partnership with Valaurum, the manufacturer of the patented Aurum® gold bill, to produce a series of Kinesis gold bills that provide gold investors and collectors a new way to spend and store physical gold.
By incorporating small, practical denominations of physical gold into Kinesis Aurum® gold bills, the partnership reaffirms Kinesis’ position at the forefront of precious metals spending.
Through encasing physical gold within banknotes, Kinesis Aurum® reintroduces physical gold as a circulating currency, which can also be spent, vaulted, minted, and redeemed through the Kinesis platform, serving as a yield-stimulating driver.
Kinesis Aurum® is positioned to drive further utility and real-world adoption of Kinesis’ flagship gold asset, whilst also bringing increased interest and exposure to the Kinesis Bullion store. The bills will be independently marketed and sold through the store alongside Kinesis’ range of gold and silver bullion products.
Northstar & Badcharts partnership
Kinesis partnered with leading technical analysis experts, Northstar & Badcharts (NSBC), to offer Kinesis users an exclusive 50% discount on their subscription service.
The partnership saw Kinesis and Northstar & Badcharts (NSBC) come together to make trading more accessible to the Kinesis community through their industry-leading trading education platform and technical analysis service.
Northstar & Badcharts’ technical analysts, Patrick Karim and Kevin Wadsworth, have a time-proven track record of increasing their members’ gold and silver holdings by applying their decades of industry experience to the markets.
Furthermore, the exposure and reputation attached to the NSBC platform highlight the wealth-preserving benefits of the Kinesis ecosystem to an engaged audience of traders and gold investors.
Kinesis successfully passed the Q3 audit
On the 19th of July 2023, Kinesis passed the Q3 2023 independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.
Once again, the independent, quarterly audit provided community members with verification that all Kinesis gold (KAU) and silver (KAG) within the Kinesis Monetary System are backed by a 1:1 allocation of physical gold and silver bullion.
The successful completion of Kinesis’ Q3 2023 audit demonstrates our unwavering commitment to security and transparency, providing the community with complete assurance that their gold and silver holdings are in safe hands.
All Kinesis audits are publicly available on the website here.
All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.
The official launch of POSPay Gold
In September, the Vice President of Indonesia, K.H. Ma’ruf Amin, officially launched the Kinesis-powered physical gold trading application, POSPay Gold, nationwide.
Created in partnership with the Indonesian state-run postal service, PT Pos, the POSPay Gold application provides Indonesia’s predominantly Muslim population with instant access to Sharia-compliant physical gold trading and ownership.
During his speech at the Sharia Economic Seminar, the Vice President emphasised the significance of an inclusive and sustainable digital ecosystem, appreciating the synergic effort of various organisations – such as Kinesis – in supporting financial inclusion and encouraging the nation’s digital transformation.
The launch of the POSPay Gold application, integrated within PT Pos’ existing PosPay Super App, makes physical gold trading accessible to citizens across the nation.
Kinesis has already begun to see an increase in Indonesian users on the platform.
Supporting C4SM’s initiative in the move towards sound money
On behalf of Citizens for Sound Money, chaired by Jim Forsythe, we encourage members of the Kinesis community to join our long-time partner on a mission towards our shared goal of establishing fair, honest money everywhere.
Last month, Kinesis backed the fundraising efforts of C4SM’s legislative agenda, which aims to bring formal recognition of gold and silver as legal tender across the US; establish state depositories for precious metals and support the rollout of Asset-Backed Digital Currencies (ABDCs).
C4SM has already seen recent success with legislative efforts that support the critical shift toward sound money, resulting in solid commitments from influential figures in the Florida legislative landscape.
We want to thank the community for your generous contributions, all of which bring us closer towards our common vision of advocating for sound money globally.
Support Centre Restructure
In recent months, the Kinesis team has undertaken a comprehensive restructuring of our Support Centre, consisting of a complete redesign of the user experience (UX) and a content update. This initiative involved the revision of approximately 47,000 words of support articles and the introduction of an intuitive new navigation structure.
Users seeking to familiarise themselves better with the Kinesis Monetary System can now explore a greater selection of categories and articles covering the vast range of products and services Kinesis offers.
The new User Guides section comprises a series of beneficial step-by-step walkthroughs and informative learning videos hosted by some familiar faces for many of you, the Kinesis account executives. Furthermore, from the Support Centre homepage, users now have more direct access to our community forum, where they can engage with fellow members to collectively explore the platform or discuss the latest milestones achieved by Kinesis.
Beyond its pleasing aesthetics, the new layout represents a significant stride in enhancing user experience and delivering information in a more straightforward and accessible manner to our community.
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You can download the Kinesis mobile app
https://play.google.com/store/apps/details?id=com.kinesis.kinesisapp
https://apps.apple.com/us/app/kinesis-buy-gold-and-silver/id1490483608?ls=1
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Low-cost SEPA deposits live for European users
Kinesis has launched a new simple, low-cost SEPA deposit option for users based in the European Economic Area.
The introduction of SEPA transfers to the Kinesis platform brings greater ease and value to EEA-based Kinesis account holders, who can now deposit their Euro (EUR) funds as easily and conveniently as a regular domestic bank transfer.
On the Kinesis platform, the addition of SEPA transfers enables account holders to make EUR-to-EUR deposits, with a fixed rate of €0.30 per transaction charged on the Kinesis side, regardless of the amount of funds sent.
What are SEPA transfers?
Single Euro Payments Area (SEPA) is a Europe-wide payment network allowing users to make fast cross-border bank transactions between countries within the European Economic Area (EEA).
SEPA transfers, which are operated through IBAN identification codes, are widely recognised as one of the most time and cost-efficient ways to send and receive Euros, within the EEA.
The International Bank Account Numbers (IBAN) provide an additional layer of security for each Kinesis user who deposits their funds to Kinesis using SEPA transfers, further safeguarding them against counter-party risk.
How to easily deposit Euro into the Kinesis platform
With the new SEPA transfer option, depositing Euro into the Kinesis account takes only a few simple steps. As the user selects the Euro as the currency they wish to deposit, Kinesis auto-generates their unique Virtual IBAN accounts, which can be immediately used to send funds from their external bank account.
These virtual accounts are separate from Kinesis and are kept solely in the holder’s name at all times, further removing counter-party risk for a user.
Importantly, IBAN payment technology is designed to protect users’ account data and never disclose it, and can only serve to deposit money into the recipient’s account but makes it impossible to withdraw or transfer funds from the user’s account.
Similarly, the European Kinesis account holders can also create their unique details to make direct British Pound (GBP) deposits onto the platform from any country within the EEA.
Use gold and silver as money with the Kinesis Card
Hand in hand with the upcoming physical Kinesis Visa Debit Card (EEA), the new deposit method makes it simpler for our European community members to start using gold and silver as their everyday currency – with instant fiat conversion.
The low-cost, local deposit options make it easier for users to deposit their salaries into their Kinesis accounts and convert their earnings into spendable precious metals, each payday.
With the new SEPA deposit option, Kinesis opens up greater accessibility to precious metals for millions of people across Europe.
kinesis.money (https://kinesis.money/company-news/sepa-deposits-live-european-users/)
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Kinesis passes Q4 audit 2023
(https://kinesis.money/wp-content/uploads/2023/12/Feature-Image-1-683x376-c-default.webp)
On the 16th of October 2023, Kinesis’ strategic partner, Allocated Bullion Exchange (ABX), produced an inventory report of all physical gold and silver attributed to Kinesis Cayman.
The report was presented to Inspectorate International to conduct an independent audit, undertaken across ABX’s global vaulting network, on the 17th, 18th and 19th of October 2023.
On the 16th of October 2023, at the time the inventory reports were generated, Kinesis gold (KAU) and silver (KAG) in circulation were as follows:
KAU: 1,293,465.201 (as of ledger number 28360037, Mon, 16 Oct 2023)
KAG: 3,500,611.079 (as of ledger number 28402993, Mon, 16 Oct 2023)
All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.
The independent audit confirmed the following metal quantities held by Kinesis Cayman as of Monday, 16th October 2023.
Gold (9999 fine equivalent): 1,295,465.253g
Silver (999 fine equivalent): 3,505,603.549ozt
Inspectorate International’s independent report confirmed that Kinesis’ precious metals holdings were as stated, with Kinesis passing all criteria of the inspection.
kinesis.money (https://kinesis.money/company-news/kinesis-passes-quarterly-audit-q4-2023/)
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But are the gold and silver really there?
View the Audit of the metals backing kinesis currencies
https://kinesis.money/wp-content/uploads/2023/12/Kinesis-Audit-October-2023.pdf
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(https://kinesis.money/wp-content/uploads/2023/12/Q4-Q1-Update-Feature-Image-683x376-c-default.webp)
Q4 Snapshot (https://kinesis.money/company-news/q4-2023-q1-2024-ceo-quarterly-update/)
Low-cost SEPA deposits live for European users
In November, Kinesis introduced a new, low-cost SEPA deposit option to the platform. The option brings greater efficiency and value to all EEA-based Kinesis account holders, who can now deposit their Euro (EUR) funds with ease.
The addition of SEPA transfers enables European account holders to make EUR-to-EUR deposits as easily as with regular domestic bank transfers, with a fixed rate of €0.30 per transaction charged on the Kinesis side, regardless of the amount of funds sent.
Q4 2023 quarterly audit
Kinesis successfully passed the Q4 independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.
The independent audit once again verified that all Kinesis gold (KAU) and silver (KAG) within the Kinesis Monetary System are backed by 1:1 allocated physical gold and silver bullion.
The completion of Kinesis’ Q4 2023 audit provides the community with absolute reassurance that their gold and silver holdings are in safe hands. Though delivering audits every quarter, Kinesis shows an enduring commitment to upholding the highest standard of security and transparency for the Kinesis community.
The Q4 2023 audit is available to view on our website.
All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.
Indonesia
Following the official nationwide launch of the Kinesis-powered physical gold trading applications, POSPay Gold and JFX Gold X, Kinesis has already begun to see an increase in Indonesian users on the platform.
The number of accounts on these apps has steadily increased, now numbering over 5000 in total. A significant number of small gold transactions coming from individual users can be seen coming through the Kinesis Exchange, with expectations of significant growth in account and volumes in the new year.
POSPay Gold, created in partnership with the Indonesian state-run postal service, PT Pos, and JFX Gold X, created in partnership with the Jakarta Futures Exchange, provide Indonesia’s population with instant access to physical gold trading and ownership, supporting financial inclusion and encouraging the nation’s digital transformation.
This is just the beginning, and the new year will see several new initiatives, including the soft and then grand launch of NU in early Q1 2024. Kinesis gold (KAU) will be added to the mobile apps of two major Indonesian banks; the use of gold KAU is registered with Badan Pengelola Keuangan Haji – BPKH (the state-owned Hajj fund management agency) with over US$10 billion assets under management.
In addition, we are very proud to announce that PT Kinesis Monetary Indonesia is now listed as one of the very few Self-Regulated Organisations (SRO) under the Indonesian commodity industry regulator, Bappebti and the Ministry of Commerce.
Kinesis Brings Apple Pay to Kinesis Virtual Card Users
The Kinesis Virtual Card can now be added to Apple Wallet, enabling iPhone users to make contactless payments worldwide using gold, silver, and crypto — instantly converted to fiat at millions of stores globally.
With Google Pay already available, the Apple Pay integration ensures faster, more convenient in-app and web purchases for Kinesis users in 70+ countries, further expanding the utility of digital asset spending.
The Kinesis Virtual Card supports real-time transactions in gold, silver and digital currencies straight from users’ portfolio balance, with instant conversion to fiat at the point of sale, wherever Mastercard is accepted.
Gold and silver payments at physical stores
Following the launch of Kinesis Pay in February, which allows online merchants to accept payments in gold (KAU) and silver (KAG), the latest iteration of Kinesis Pay brings gold and silver payments to shops and businesses near you.
The release of new printable, reusable Kinesis Pay QR codes makes it easier for businesses and shop owners to accept KAU and KAG payments at their physical locations.
The Kinesis Pay QR codes can be downloaded from the merchant dashboard and displayed on any shop counter, enabling Kinesis users to scan the QR code and pay with their gold and silver. The new feature is expanding the real-world utility of precious metals and the visibility of gold and silver as a reliable alternative to fiat currencies.
Kinesis Pay is a highly scalable feature that connects business owners with Kinesis’ bespoke payment rail built for accepting Kinesis gold (KAU) and silver (KAG). With Kinesis Pay, Kinesis users can purchase merchants’ products and services directly, using their gold and silver as money.
The Kinesis Pay update is now available for web and Android applications, with the iOS update scheduled for release soon.
Kinesis websites in additional languages
In a significant stride forward, the Kinesis website is now made available in French, Italian, Polish and Dutch, broadening the range of already existing languages: English, LATAM Spanish, German, and Turkish.
Underscoring the company’s steadfast commitment to fostering global accessibility and inclusivity, the expansion of languages on our website opens Kinesis up to engage more diverse global audiences.
By providing information in multiple languages, Kinesis breaks down entry barriers for everyday citizens wishing to protect their savings in precious metals and creates an approachable and comprehensible hub for users from different countries.