The new Kinesis platform dashboard is a great improvement.
I see there is functionality to make requests directly to other users for payment. This looks like a good way to make micro-payments in Gold/Silver. The big stumbling block will still be for users to get fiat funding onboarded. For now - it still looks like a wire transfer process which is costly, time consuming and subject to potential errors.
I have used ETH transfers in the past, which are fast and very cost effective - but it's unreasonable to expect "Grandma" to understand how to do this.
I participated in the initial minting offer last summer where if you mint $100k of Kau and or Kag then you receive 1 KVT. I received my 1 KVT last month and I think the email said that network fees would be distributed on Oct. 1st but nothing since then. Anyone else know what is going on with fee distribution to KVT holders?
So rules for report a bank account outside the US are a real hassle in reporting. Has this changed and does my funding of an account trigger this? I am assuming that a bank transaction, then obtaining the digital happens next.
I am aware of capital gains and losses reporting, but I don't perceive this account for my purchases. This could change as my perception grows.
I would be a minter if I have the correct idea as a low transaction account.
Shelter with access in emergency is what I desire.
Kinesis are working on integrating cointracking.info API. Hopefully will be announced by the end of this year. The records for the Mint are better than on the KM platform. It's a serious requirement, together with better on/off ramps and hybrid banking, for a Minimum Marketable Product. There are many Accountancy Agencies around the world,that use cointracking.info. Hopefully this will make things easier.
We wanted to update the community on the success of the Kinesis Exchange upgrade and several other exciting releases and developments across the Kinesis system.http://www2.kinesis.money/l/563572/2019-08-13/nh41x/563572/90415/Spacer.gif
KINESIS EXCHANGE UPGRADE
The Kinesis Exchange upgrade was successfully launched over the weekend. As we implement more advanced market making strategies over the next week, from this coming Saturday 27th March, users will experience more market depth, reduced margins and an overall superior trading experience.
As part of the upgrade, scheduled enhancements to crypto withdrawals and deposits, and KYC identity verification, have now come into effect. However, in order to ensure the maximal efficiency of the process, we will continue to further enhance KYC onboarding.
COINMARKETCAP AND COINGECKO LISTING
Over the weekend, the creation of new API endpoints and a public TradingView has fulfilled the final requirements for listing the Kinesis Exchange on CoinMarketCap and CoinGecko.
The two industry leaders aggregate and report the recently-traded prices for hundreds of cryptocurrencies traded on hundreds of platforms around the world. These listings are a significant milestone for Kinesis, which will further build the reputation of our platform and digital assets within the global crypto community.
TAX DATA UPDATE
We are currently testing new CSV functionality on the Kinesis Exchange, enabling Kinesis users to export all necessary data for upcoming tax reports. The CSV file can be simply uploaded to Koinly, as well as, the application our community requested, CoinTracking, or any other provider. Looking ahead, we are working in the background to enable API integration for more seamless tax integration.
KINESIS MOBILE APP UPDATE
Through plugging into the new exchange sockets, a Kinesis mobile app update will deliver exchange mobile optimisation and a greatly enhanced mobile trading experience. While mobile app user interface updates will provide better, enhanced user interaction with the Kinesis mobile app. Additionally, our US-based users will be excited to hear that the US physical Kinesis Visa card will now be manageable via app.
Looking forward, the upgrade will deliver stability and scalability of the Kinesis Exchange, enabling Kinesis to introduce more pairs onto the platform and enhance integration services and API connectivity. This essential provision for both third party providers and institutions is integral to the Kinesis commercialisation process laid out for 2021.
Keep an eye on your inbox next week for a full quarterly written update from Kinesis CEO, Thomas Coughlin,bringing the year ahead into focus.
The Kinesis Team