Kinesis PayTapping 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.
IndonesiaIn 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 listingsIn 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.
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