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London, UK, 1 November 2022, Chainwire
kinesis moneyDigital Asset Utility Platform has launched Kinesis Virtual Card. This allows the global community to instantly convert to fiat currency and spend their crypto holdings in real time, anywhere in the world.
Powered by BAANX, Kinesis Virtual Card has introduced cryptocurrencies as an alternative to currency to over 1 billion people in 61 countries across Latin America, Europe, the UK, Canada and Oceania. The Kinesis Card operates through the Mastercard payment network and allows cryptocurrency holders to instantly sell their digital assets and use the proceeds to transact at her 80 million locations around the world.
With inflation soaring around the world, people are looking for alternatives to devalue fiat currencies. Accessible in minutes via mobile, the Kinesis Virtual Card brings the everyday utility of cryptocurrency to those looking to get out of a stagnant economic system. Its target markets include Argentina, which is expected to reach 100% inflation by the end of 2023.
The card supports 10 major digital assets including Bitcoin (BTC), Ethereum (ETH), USDC, Kinesis’ native gold and silver-backed stablecoins, KAU and KAG. Additionally, through Kinesis’ usage-based yield system, KAU and KAG consumers will earn his 10% percentage of all transaction fee income which will be refunded at the end of each month.
In Q4 2023, Kinesis plans to launch Kinesis Pro. This is a professional crypto trading platform that offers high liquidity, institutional level security, and a wide range of crypto pairs. The launch of Kinesis Pro further diversifies the range of cryptocurrencies that can be used with the Kinesis Virtual Card.
Kinesis will continue to roll out card programs globally, followed by US-specific virtual and physical card programs. The Kinesis Virtual Card will bring new utility to digital assets and provide the global community with a means to escape from the inflation-driven problems facing traditional currencies. Kinesis Money CEO Thomas Coughlin said: A recent development is that cryptocurrencies have become a very popular investment in the financial world. It provided the means to be integrated and removed any barriers to its global adoption.
By enabling cryptocurrency spending via the Kinesis Virtual Card, we provided individuals with a practical solution for depreciating their currencies. Kinesis Virtual Card is an integration of everything we want to offer our users.“
Baanx CEO Garth Howat said: It is truly amazing to be working on this partnership.
The problem we aimed to address was the lack of utility of these assets. Therefore, we have developed a solution that allows users to use cryptocurrencies without any problems using cards provided by Baanx. This is another step in bridging the gap between fiat currencies and digital assets. “
Kinesis Money is a global digital asset utility platform that facilitates the trading, management and daily spending of physical gold and silver based digital assets and cryptocurrencies.
Through its currency system, users earn yields on their allocated physical gold and silver and can use, store, trade and redeem precious metals anytime on a low fee basis around the world.
For more information on Kinesis, please visit: www.kinesis.money.
Baanx provides Web 3.0 fintech solutions to the digital assets sector, including Cryptodraft and payment authorization integrations to VISA, Mastercard and other transactional payment systems. Baanx is headquartered in London (UK) with subsidiaries in Delaware (USA), Portugal and Lithuania.
Baanx manages digital assets with maximum privacy and security including digital assets. The company has launched services for over 25 top-tier clients, including Ledger, the world’s largest hardware wallet provider with his 4 million customers worldwide. Baanx is managed by an experienced team with over 100 years of experience in banking, financial technology, cryptography, finance and digital marketing.
contact
Zubair Buhari, Marketing Executive
kinesis money, [emailprotected]
