Most members of the Kinesis community already know how Kinesis and the Allocated Bullion Exchange (ABX) are tied together. In short, Kinesis and ABX are strategic allies.
What is Kinesis?
Kinesis is a yield-bearing digital currency allocating physical gold and silver to the users of their currencies. Kinesis is going to provide an evolutionary phase beyond any monetary and banking mechanism available today by allowing gold and silver to be transferred to an e-wallet and spent in shops or online via a debit card. Kinesis store their precious metals in nine locations across the globe.
What is ABX?
The ABX is the leading exchange for physical precious metals enabling traders and investors to use their regulated platform to buy and sell precious metals since 2013. ABX is a public corporation based in Australia that has provided Kinesis with its experience to help keep the physical metals management of Kinesis’ monetary system secure and efficient.
Thomas Coughlin, CEO of Kinesis, sits on the board of ABX and is instrumental in helping Kinesis exploit ABX’s large knowledge base and sector network to help promote collaborations with outside companies.
As ABX offers services as an international exchange of precious metals, they will enable participants from Kinesis to buy gold and silver through their MetalDesk platform.
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