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London, UK, 31 August 2022, Chainwire
Kinesis, the world’s leading gold- and silver-based currency system, has listed its XDC coin on the Kinesis Exchange. XDC is tradable against eight fiat pairs, including USD, GBP, and EUR, as well as Kinesis’ native gold- and silver-based stablecoins KAU and KAG.
Users can instantly trade XDC against physical gold or silver on exchanges and start earning yields on their assets through Kinesis’ suite of yield products.
XDC is Kinesis Virtual Card Alongside the existing pool of available cryptocurrencies. With the virtual card, the user will be able to use cryptocurrencies like Bitcoin, Ether and XDC along with gold and silver in his 46+ million locations around the world for real-time and instant conversion. I can.
XDC can also be traded on Kinesis Pro, Kinesis’ professional cryptocurrency trading platform, which will be released later this year.
The listing of XDC is the long-awaited first step. XDC Foundation and Kinesis Partnership Formed in February 2022.
The second phase of Kinesis’ collaboration with the XDC Foundation begins with the development of an interoperable cross-chain bridge to Kinesis’ Stellar-based blockchain, enabling the seamless transfer of assets between the two ecosystems. .
Billy Siebel, Executive Director of the XDC Foundation, said:
Congratulations to the Kinesis team on their integration with XDC Network. We look forward to the next phase of cross-chain interoperability with the Kinesis blockchain, contributing to a robust and scalable blockchain ecosystem.“
This interoperability between the XDC and Stellar networks also improves Kinesis’ blockchain infrastructure. This will allow him to trade KAU and KAG more efficiently across the cryptocurrency ecosystem, increasing the global availability of the asset.
Kinesis CEO Thomas Coughlin said:
We are excited to bring the benefits of the thriving XDC Network to Kinesis users and integrate cutting-edge solutions into our system.
Listing XDC on our exchange will allow us to expand the range of tradable cryptocurrencies while further expanding the usefulness of our native gold and silver backed tokens, KAU and KAG. The very concept of bridging these two ecosystems of robust infrastructure and shared principles of sustainability is at the core of our partnership. “
As the partnership progresses, Kinesis will continue to leverage XDC Network’s scalable and secure blockchain infrastructure to provide network expansion, asset liquidity, and interoperability to Kinesis users, bringing emerging technologies to the forefront of operations. bring it to the front.
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, visit his website at: www.kinesis.money
An XDC network is an enterprise-grade, EVM-compatible Layer 1 network with interoperable smart contracts. The XDC Network, a highly optimized bespoke fork of Ethereum, has reached consensus through a delegated Proof of Stake (XDPoS) mechanism, offering 2 second transaction times, near-zero gas fees, and 1 second Enables over 2,000 transactions per transaction (TPS). Secure, scalable, and highly efficient, the XDC Network powers a wide range of new blockchain use cases. For more information on the XDC network, please visit: https://xdc.org.
Zubair Bukhar, Marketing Executive, Kinesis Money, [emailprotected]
