Kinesis

[Paul76]

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.

[Paul76]

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

[Paul76]

XDC XINFIN Kinesis Partnership Announcement

ABOUT XinFin

We as an organization are on a mission to improve the overall deficit in the global infrastructure with the help of Blockchain technology. We as a company have revolutionized the concept of peer-to-peer transaction by using community driven digital assets in an open source blockchain platform.

The core idea behind our initiative is to make the transactions more secure and transparent among the parties involved in a cross-border trade. XinFin, as an organization; believes in establishing an environment that will help businesses to thrive without having to worry about the hassles of the international fund transfer.


XinFin Foundation is a non-profit organization which liaises with different international governments in order to reduce the existing gap in global infrastructure. According to XinFin, the lack of government sponsored financing hinders the possibility of many infrastructure projects around the globe.

However, by means of creating a secured blockchain transaction platform, XinFin aims to bridge that gap wherein the investors can bid for different infrastructure projects and finance them in a smoother way, thereby avoiding all the issues and paperwork that arises during the process of allocating finance to an infrastructure project happening in a different country. The idea is to leverage the facilities of blockchain platform to connect the investors and the developers in a secure environment thereby allowing them to transact finances against certain secured digital assets.

https://xinfin.org/about

[Paul76]

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/

[Paul76]

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/

[Paul76]

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/

[Paul76]

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/

[Paul76]

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