Precious metals-based monetary system, Kinesis, has announced the launch of Kinesis money platform.
Kinesis, which is based 1:1 on allocated physical gold and silver, rewards participants while operating an independent of byzantine banking infrastructure.
Investors often opt for precious metals like gold in periods of political and economical instability, with it commonly being used as a hedge against the traditional financial system.
With Kinesis, investors can gain exposure to physical gold and silver without having to endure the laborious task of secure it in a p2p transaction.
The new Money Platform offers a freshly updated dashboard as well as a convenient service to access and manage precious metal assets from anywhere in the world.
The updated platform also includes the ability to send physical gold globally in seconds, 24-hour market prices and the globally accepted Kinesis VISA card.
In this week’s deep dive into the #gold and #silver markets, @AndrewMaguire01 reveals China’s unprecedented move into physical silver, before breaking down the impact on physical supply and the paper markets.
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— Kinesis Money (@KinesisMonetary) October 26, 2020
Thomas Coughlin, CEO of Kinesis, said: “Recent months have highlighted the extent to which precious metals are a source of stability.
“Kinesis brings them back into use for every-day financial transactions. That’s why we’re excited to release our new Kinesis money platform, an efficient and digital way for users to utilise the advantages of precious metals.
“Our new dashboard enables users to trade, send and spend their precious metals simply and seamlessly. And while physical redemption is always an option, the Kinesis Visa Card allows users to liquidate their gold and silver to spend it in 195 countries across the globe. We say it’s time people entered a new golden era of precious metals trading.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.