Kinesis Money: Gold-backed Stablecoins

[⭐ Peter]

Looking ahead to Q1 2024

European Kinesis Card launch

"The Kinesis Visa Debit Card is set to roll out across 30 EEA countries in the new year, granting Kinesis users the ability to use physical gold and silver as their primary currencies for daily transactions – with instant fiat conversion at the point of sale.

Cardholders will enjoy the chance to secure their wealth while seamlessly accessing cost-effective spending options for precious metals. The card ensures instant conversion to fiat, presenting a reliable and practical monetary choice amid conventional currencies."

[⭐ Peter]

Faster, low-cost USDC deposits now available on the Kinesis Exchange - via Stellar

Quote

 

Kinesis has introduced enhanced USDC (USDC) deposits on the platform – via the Stellar network.

Through the Stellar Network, Kinesis offers users faster USDC transactions with lower fees, presenting a superior alternative to USDC transfers on the Ethereum (ERC-20) blockchain.

An integration requested from the Kinesis community, Stellar enables users to enjoy more efficient USDC deposits and withdrawals, at a lower cost.

USDC on Stellar introduces a cost-effective, instant on-ramping mechanism for Kinesis users across the globe.

 

Why deposit USDC?

USDC – a digital asset pegged to the value of one US dollar – is one of the most popular digital assets for depositing and withdrawing funds, with a market capof $32bn.

Users can easily purchase USDC via an external platform and transfer to the Kinesis Monetary System at a low cost – ready to trade into Kinesis gold (KAU) and silver (KAG) in seconds.

 

How Stellar benefits Kinesis users

As demonstrated in the table below, Stellar settles USDC transfers with significantly enhanced efficiency and value, compared with the existing Ethereum blockchain.

The average fee costs of Stellar USDC transactions represent a substantial saving, with near-instant settlement times. Additionally, users can also benefit from lower minimum withdrawal amounts.

The Stellar network is widely recognised for its effectiveness in handling large-scale cross-border digital assets transactions. It was for this reason that Kinesis chose the Stellar network for our very own native currencies, KAU and KAG.

 

USDC on the Kinesis platform

Kinesis users can trade USDC against Kinesis’ native gold and silver-backed digital currencies, KAU and KAG, the US dollar, as well as leading cryptocurrencies – BTC and ETH.

The upgrade to USDC Stellar provides investors and traders with another option to fund their Kinesis accounts and start trading gold, silver and digital assets. 

Broadening the range of deposit methods gives investors from all backgrounds easier access to the unique benefits of the Kinesis Monetary System.

The enhanced deposit option delivers greater access to the stable value of gold and silver for Kinesis users across the globe. 

 

kinesis.money/company-news

[⭐ Peter]

The Kinesis Mint has achieved certification from the International Organization for Standardization (ISO)

The ISO – an independent, non-governmental, international standard development organisation – awarded the Kinesis Mint the ISO 9001:2015certification, recognising the high quality of Kinesis Mint services and Kinesis Bullion products. Significantly, the certification makes Kinesis Bullion gold and silver products eligible for inclusion in US Individual Retirement Accounts (IRAs).

Additionally, Kinesis was awarded certification acknowledging that the facilities’ health and safety management (ISO 45001:2018) and environmental management systems (ISO 14001:2015) meet the global standards of the ISO.

The Kinesis community is provided with complete assurance that we have instilled effective processes, facilities, and training at the Kinesis Mint, delivering consistently high quality at every level of our operation. 

 

Kinesis Bullion products eligible for IRAs

To meet the United States Internal Revenue Service (IRS)’s standard for inclusion in IRAs, all bullion products must be manufactured at an approved refinery and adhere to standardised quality requirements and weight specifications.

In achieving ISO 9001 certification, Kinesis Bullion has been recognised for the purity of our rounds and bars, with a minimum fineness of 9999 (gold) and 999 (silver).

With Kinesis Bullion products now eligible for inclusion in US Individual Retirement Accounts (IRAs), this opens up Kinesis Bullion products to the multi-trillion-dollar IRA market.

https://kinesis.money/company-news/kinesis-mint-achieves-iso-certification/

[⭐ Peter]

An introduction the Kinesis Mint in Turkey, by Alp Berker, the director of the Mint

3 min.

https://www.linkedin.com/posts/edward-s-88826a8b_gold-silver-distribution-activity-7186033557268516864-X1Py?utm_source=share&utm_medium=member_ios

[⭐ Peter]

 

 

 

https://kinesis.money/company-news/q1-q2-2024-quarterly-update/

[Crypto Kid]

 

The future performance of gold-backed stablecoins, like any asset, depends on various factors. Factors such as the price of gold, demand for stablecoins, market sentiment, regulatory environment, and competition will influence their trajectory. While gold-backed stablecoins offer stability and exposure to gold's value, it's important to consider these factors when assessing their potential for growth.

[Otasowie24]

On 1/5/2024 at 7:09 PM, Peter said:

In a forum dedicated to Gold and Cryptocurrencies, what fits better than a gold-backed stablecoin? 😀

 

 

 

https://kinesis.money/about-us/

I know of XAUT which is a gold-backed stablecoin, are there others?

[⭐ Peter]

11 hours ago, Otasowie24 said:

I know of XAUT which is a gold-backed stablecoin, are there others?

Hi Ota, 

Tether Gold (XAUT) is not a stablecoin, a currency. It's just a blockchain token. You cannot use it as a currency i.e. in order to pay. It is not designed for that. It is designed just for gold investors. That's why they don't offer a card which you can spend your gold at point of sale with.

 

Kinesis' KAU, that's a gold backed stablecoin.

Open an account at kinesis and look yourself around. Check their exchange, their card, their yield system and the metalback program. It's free. If you use my link it'd be nice - there are no downsides using it.

[Otasowie24]

18 hours ago, Peter said:

Hi Ota, 

Tether Gold (XAUT) is not a stablecoin, a currency. It's just a blockchain token. You cannot use it as a currency i.e. in order to pay. It is not designed for that. It is designed just for gold investors. That's why they don't offer a card which you can spend your gold at point of sale with.

 

Kinesis' KAU, that's a gold backed stablecoin.

Open an account at kinesis and look yourself around. Check their exchange, their card, their yield system and the metalback program. It's free. If you use my link it'd be nice - there are no downsides using it.

Thanks for the clarification, I will look into KAU

[⭐ Peter]

Kinesis Launches Metalback

 

 

Kinesis has launched the Metalback program, providing users with the unique opportunity to earn up to 10% Metalback – paid in physical gold – on everyday purchases from over 6,000 leading retailers worldwide. 

Through the Metalback hub on the Kinesis platform, users can explore thousands of exclusive savings from global brands such as Apple, Gucci, Lacoste, Ralph Lauren, Samsung, Sony, and many more. Metalback is accessible to users across the United States, United Kingdom, Asia, Europe, the Middle East, and Australia & Oceania.

Furthermore, Metalback sets Kinesis apart from other cashback initiatives on the market, offering the only program globally that allows users to earn gold on purchases.

Metalback offers significant savings across Luxury, Business, Electronics, Travel and more. In addition to high-end purchases, users can earn gold on routine expenses like groceries, bills, subscriptions, utilities, and insurance, making Metalback an appealing choice for earning on everyday transactions.

[⭐ Peter]

 

Unfortunately available only in the USA.

Beautiful, isn't