• Short guides to forum navigation, searching, posting, translation, alerts and notifications viewable by clicking here.
  • Türk dostlarımıza hoş geldiniz Giriş burada.
  • Scammers are running ads on Facebook and Instagram claiming a giveaway. DO NOT OPEN THESE LINKS AND LOG IN. See this thread: here

Q3-Q4 2023 – Quarterly Update

kinesis.money

Q3-Q4 2023 – Quarterly Update

Kinesis CEO and founder, Thomas Coughlin, reviews the milestones accomplished by Kinesis in Q3 2023 and what's still to come in Q4.
kinesis.money kinesis.money

Q3-Q4 2023 – Quarterly Update​




Q3-4-Update-Feature-Image.png

Our latest update from Kinesis CEO and founder, Thomas Coughlin, reviews the milestones achieved in Q3 and provides an insight into what lies in store for the final quarter of the year.

Q3 snapshot​


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.

tRcY2_fLIgzMb1atm2tEWPOhfK4ukk58D_8qxPpO1CtW4Ech1szGQYz3sqGwRro8d_az7D0N2nweKkhvcd0ceqZ4_CK3nY0khk_LAHRCtMsoj0ex4WDu3mZOWNX89UbjjR5LDVm_8bPa74XwZ1RheV0

​

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.

Q4 so far​


SEPA deposits for European users​


The introduction of SEPA transfers to the Kinesis platform brings greater ease and value to EEA-based Kinesis account holders*, who will be able to deposit their Euro (EUR) funds as conveniently as a regular domestic bank transfer.

Additionally, the new deposit option allows each Kinesis user to create their own, unique virtual IBAN account kept solely in the holder’s name and separately from Kinesis, further safeguarding their deposited funds against counterparty risk.

The new deposit method makes it even simpler for EEA-based users to switch from fiat to gold and silver as their primary currency.

Please note that the new deposit option is available for web and Android applications, with the iOS update scheduled for release soon.
*not available for UK users.

Kinesis Pay merchant QR codes​


Following the launch of Kinesis Pay, which allows online merchants to accept payments in gold (KAU) and silver (KAG), our team has been diligently working on advancing the next phase of this project: introducing Kinesis Pay to shops and businesses near you.

The release of new printable, reusable Kinesis Pay QR codes makes it simpler for business and shop owners to accept Kinesis gold and silver 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 Kinesis gold and silver. The new feature is expanding the real-world utility of precious metals and the visibility of gold and silver as another payment option aside from fiat.

The Kinesis Pay update is now available for web and Android applications, with the iOS update scheduled for release soon.

We encourage the Kinesis community to spread the word to local businesses that, they too, can start accepting payments in physical gold and silver, via Kinesis Pay.

Q4 to come​


European Kinesis Card launch​


The new, physical Kinesis Visa Debit Card will be available across 30 EEA countries, enabling Kinesis users to use physical gold and silver as their everyday currency, with instant fiat conversion and greater value than ever before.

Cardholders who choose this program will have the opportunity to safeguard their wealth and access seamless, low-cost precious metals spending, with instant conversion to fiat. The card provides a practical, sound money alternative to traditional inflation-prone currencies.

Kinesis Pro​


The development of Kinesis Pro, Kinesis’ professional cryptocurrency trading platform, is nearing its completion ahead of the official launch.
With a focus on high liquidity trading pairs, cutting-edge trading tools, and top-tier security measures, the exchange is poised to deliver a premium cryptocurrency trading experience to all Kinesis users seeking to diversify their digital asset portfolio.

Furthermore, the new Kinesis Pro website will provide regular cryptocurrency news updates, blogs and market insights tailored to traders.

USDC on the Stellar blockchain​


In the latest Kinesis Vaultside chat, our team expanded on plans to add USDC on the Stellar network to the Kinesis Monetary System (KMS). We have identified a solution that will integrate with the Kinesis Exchange and allow the deposit and withdrawal of USDC on the stellar blockchain.

This integration will enable users to be able to deposit and withdraw USDC on Stellar into the Kinesis ecosystem with instant conversion into KAU or KAG and a wide variety of tokens traded on the KMS at a very low cost.

Multi-accounts​


Expanding the range of services available on the Kinesis platform, the introduction of Multi-accounts will enable Kinesis Individual account holders to effortlessly manage multiple Business accounts within a single primary profile. This enhancement grants users the convenience of switching seamlessly between their various business profiles with a single login.

In Summary​


As we continue to bring functionalities and partnerships online, Kinesis users are presented with more ways to introduce the tangible value of precious metals into their daily lives. Such as using real gold in the convenient form of Aurum® bills or spending precious metals via the Kinesis Card – with instant fiat conversion. With the upcoming Kinesis Card (EEA) and new EEA deposit options, we are bringing greater accessibility to precious metals spending. Additionally, the new Kinesis Pay QR codes make it simple for merchants to accept and promote gold and silver as a payment method at their physical locations.

In our commitment to fiat alternatives, we haven’t forgotten our digital asset-focused users – with a professional platform for cryptocurrency trading, Kinesis Pro, on the way. Furthermore, our partnership with technical analysis service and education platform NorthStar & BadCharts, enables seasoned traders to make more informed choices, but also reduces barriers to entry for new users looking to venture into trading.

In a world where the de-dollarisation momentum grows undeniable and the global economy faces unprecedented challenges, it is now time for individuals and countries to explore systems that go beyond the limitations of paper currencies.

With strong foundations laid, Kinesis is positioned to introduce gold and silver as money to the global community. The platform serves as the gateway to financial freedom, providing an asset-backed monetary alternative to protect your wealth.
In our dedication to providing people across the world with an alternative to the traditional system, Kinesis aspires to offer more than just a financial services platform; together, we are igniting a movement. As we pave the way for a stable financial future, we wish to extend our heartfelt appreciation to our community for their unwavering support.

Best regards,
Thomas Coughlin
 
Last edited:
Click to expand...
sixgun said:
Well we only lost the Citizen bank this week - for months i have deposited USD in the Kinesis USA Inc account. This is a nuisance - i see this is said to be due to Kinesis being in the gold business and it being too risky for Citizen bank. i mean WTF - a Tier 1 asset is too risky? That is BS but it is what it is. Coin shops in the US losing their bank accounts is BS but it is what it is and a symptom of the poor state of the financial system that is threatened by gold.

i hold a decent amount of KAU/KAG in the system. At the moment i use it as a precious metal savings / trading account. i collect my yields. i am glad to hold value in gold. i withdrew a decent chunk of USD this week - that was pretty quick but i must say the 'standard' withdrawal fee at $25 is heavy.

Personally i am not in a massive hurry for the debit card. i could get a VDC where i am but i haven't bothered. i want a physical card. Apparantly it will come soon and if i switched over to my EU address i could have it sooner. i seem to have plenty of steam but at the same time i understand those whose patience is getting frayed.
Click to expand...
I want to have physical card too.
I have to say that the EU IBAN system makes Kinesis absolutely viable for me.

I have used the VDC and I plan to put in some amount of cash into my KMS account each month to DCA physical/digital gold and silver with Kineses. In my opinion this will a good above board strategy to hedge against inflation.

Inflation seems to be a prominent problem in many countries and it's structurally underreported in some of those countries. I found that gold does a good job as an inflation hedge against reported CPI's in an analysis of several countries. I looked at inflation rates and gold price inflation; silver may do better eventually. Maybe I can post this into a technical trade thread after I made some edits. I need to fix some of the fields on the Excel sheet first.

I hope that the US gets access to an easy on ramp quickly, because accessing the funds via the VDC is convenient There is a cost, but it is off-set by the yields so it balances out over time and once velociity picks up it will become a boon to receive yields.

I think the US would be a great market for Kinesis, because it offers a solution to the inflation problem. Kinesis isn't alone of the market - Valaurum are also offering gold bills. The US is facing a big fiscal problem and maybe a monetary problem. It's not just the US of course, monetary and fiscal policy has run out of control in many places.
 
Enabling quick, easy, inexpensive onramps for 450m people seems a pretty big deal to me and we know that the US is in the works.



This is in the context of authorities and banks doing everything they can to impede progress as their system collapses.



Expecting them to help Kinesis is like expecting turkeys to vote for an early Christmas (Thanksgiving in the US).
 
sixgun said:
Well we only lost the Citizen bank this week - for months i have deposited USD in the Kinesis USA Inc account. This is a nuisance - i see this is said to be due to Kinesis being in the gold business and it being too risky for Citizen bank. i mean WTF - a Tier 1 asset is too risky? That is BS but it is what it is. Coin shops in the US losing their bank accounts is BS but it is what it is and a symptom of the poor state of the financial system that is threatened by gold.

i hold a decent amount of KAU/KAG in the system. At the moment i use it as a precious metal savings / trading account. i collect my yields. i am glad to hold value in gold. i withdrew a decent chunk of USD this week - that was pretty quick but i must say the 'standard' withdrawal fee at $25 is heavy.

Personally i am not in a massive hurry for the debit card. i could get a VDC where i am but i haven't bothered. i want a physical card. Apparantly it will come soon and if i switched over to my EU address i could have it sooner. i seem to have plenty of steam but at the same time i understand those whose patience is getting frayed.
Click to expand...

Just as a heads-up, there is a way of off-ramping via Wise using the VDC as a source of funds. Granted there will be fees but it may be less then 25$ depending on amount plus its instantaneous..
 
Uchiki said:
Yep, it will be interesting to see the detail.
Click to expand...
Indeed, there is a great deal of detail to come regarding the K-Aurum to KAU relationship. In particular, 100 mg has a 0.1 KAU value but carries some premium due to its physical form.
 
It's gotta be a tough path to follow for mgmt, trying to be encouraging w/o over-promising, but at least they seem to be starting to learn to not promise too much too fast.

My rep called me from London back in early July to tell me about the plastic DC coming "soon" to the Eurozone. He said there'd be a few select that would be getting it within a few weeks to beta-test it. Then the rest of us would receive it "soon after." I asked what "soon" meant -- end of July? ... August? ... September? "Oh, no later than August, I'm pretty sure," he said.

Then he continued on to the Kinesis bank accounts. "How soon?" I asked, because I still have PMs at Goldmoney that I want to sell and xfer proceeds to Kinesis (and then close out my GM acct before the end of the year), and it'd be much easier and cheaper to simply xfer the monies from the sale there directly into my own bank account at Kinesis. "We're hoping within the next few months," he said.

He called me last week (almost 4 mos. later) to update me. Plastic DCs? -- "soon." I decided not to push his promised "August" in his face. "Ok." Bank accounts? -- "don't know." Wouldn't even promise by the end of the year! Whoops.

Oh well, I prefer honesty and accuracy to promises that can't be kept. And in the end, I trust these guys to do us right and as quickly and as professionally as they can. Growing pains in an essentially new and intensely changing and fiercely protected "industry" and in competition with rich and powerful and connected ($$$--to the banking mafiosos?) govt and non-govt entities. Keep on keepin' on, Kinesis!
 
I recall a previous quarterly update referring to translation of the website. Does anyone recall Polish being mentioned? I've noticed it being done over the last few days...seems like a slightly left field choice to me
 
kinesis.money

Zarządzaj pieniędzmi za pomocą złota i srebra | Kinesis Money

Bezpiecznie zarządzaj fizycznym złotem, srebrem i aktywami cyfrowymi dzięki Kinesis Money. Zdobywaj nagrody za każdą transakcję.
kinesis.money kinesis.money

@Dante Roman How did you pick that up?

There is no Polish language selection flag at the bottom of the frontpage - well not for me anyway.
Yes it does seem an odd choice but perhaps there is something we're missing.
French or Arabic might have been my choices for a next language.
 
sixgun said:
kinesis.money

Zarządzaj pieniędzmi za pomocą złota i srebra | Kinesis Money

Bezpiecznie zarządzaj fizycznym złotem, srebrem i aktywami cyfrowymi dzięki Kinesis Money. Zdobywaj nagrody za każdą transakcję.
kinesis.money kinesis.money

@Dante Roman How did you pick that up?

There is no Polish language selection flag at the bottom of the frontpage - well not for me anyway.
Yes it does seem an odd choice but perhaps there is something we're missing.
French or Arabic might have been my choices for a next language.
Click to expand...
I like looking for new kinesis pages.

Exactly. A relatively small native language suggests maybe something specific behind it.
 
Dante Roman said:
I recall a previous quarterly update referring to translation of the website. Does anyone recall Polish being mentioned? I've noticed it being done over the last few days...seems like a slightly left field choice to me
Click to expand...

I don't know how many other languages it encompasses, but this may explain the focus on European translation.
(Spanish and German are already available via the dropdown.)

From Vaultside episode 3:
So we're launching a physical card in Europe as everyone may know.
That includes 30 European countries.
So it's a great broad reaching product.
And to back all of that up, we're starting to bring more and more languages on in the website, more and more multilingual support in the back end.
 
Last edited:
You must log in or register to reply here.

Translate

Back
Top