Kinesis users can now trade XLM, the tenth cryptocurrency to be listed on the platform. XLM will be paired against 8 fiat pairs, including USD, GBP, and EUR, as well as Kinesis’ native stable coins based on physical gold (KAU) and silver (KAG). This will allow cryptocurrency traders and investors greater accessibility to the platform.
In addition to the currently available cryptocurrencies, XLM can be spent using the Kinesis Virtual Card. This card gives users the ability to spend their cryptocurrencies, as well as gold and silver, in real-time and across the globe.
Because Kinesis’ native digital gold and silver-based assets, KAU and KAG, are built on a fork of the Stellar blockchain, the listing of XLM was a natural choice for the company to make.
Kinesis is able to provide its users with faster, lower-cost global remittances as well as instant payments in gold and silver by leveraging the Stellar blockchain. These features are accessible via the Kinesis platform.
Stellar technology has enabled users of Kinesis across the globe to instantly send and receive money using the stable value of physical gold and silver since its implementation in 2019. This has helped users avoid the high costs and FX fees associated with traditional remittance provisions.
Kinesis Money is a global digital asset utility platform that enables users to trade, manage, and spend cryptocurrency and digital assets that are backed by physical gold and silver.
Users are able to earn yields on physical gold and silver that have been allocated through the platform’s monetary system. Users can also spend, save, trade, and redeem their precious metals at any time on a global basis with minimal transaction fees.