Today, Kinesis announces its new collaboration with XcelTrip, an online platform that allows vacationers from around the world to book more than 1.5M hotels and resorts, and more than 400 airlines. XcelTrip currently offers the unique ability to book travel arrangements using a wide variety of cryptocurrency payment options to its client base of half-a-million users.
As part of this partnership, Kinesis is excited to announce that XcelTrip is now accepting Kinesis KAU, the fully allocated, 1:1 gold-based stablecoin, as a payment option via their website and associated mobile app.
Kinesis is committed to building a system that rewards users for participation - while providing real-world value - in their groundbreaking monetary system based on gold and silver currencies. Across the ever-increasing network of investors, organizations, and governments partnering with them, Kinesis operates increasingly on a global scale.
Thomas Coughlin, CEO of Kinesis, commented on this new partnership, saying this is a huge development because it offers Kinesis currency holders the opportunity to book flights and hotels across the world, thereby increasing the accessibility of basic services using Kinesis stablecoins. It is in line with Kinesis’ dream to create an ecosystem to provide their customers with a multitude of resources and value.
Mr Gyanendra Khadka, XcelTrip Founder and CEO, added that the vision of XcelTrip is closely aligned with that of Kinesis to build a decentralized economy by providing real, value-added usage that positively impacts the global community and empowers end-users.
The collaboration provides both Kinesis and XcelTrip with a significant opportunity to boost usability, enhance accessibility, and demonstrate the enormous potential for digital currency.
Kinesis is committed to making gold’s economic weight available in order to promote financial inclusion and economic upliftment everywhere.
The Kinesis payment system offers easy access to financial services and fast, affordable cross-border payments for financially disadvantaged communities in developing nations. Sharing XcelTrip’s principles, Kinesis offers open, reliable, and secure alternative payment methods that operate outside of conventional banking structures and will lead to economic benefit and prosperity to all.
The completely integrated Kinesis foreign payment system which Kinesis and Indonesia’s national postal service (PT POS Indonesia) are developing is a testament to the importance and reliability of the system that the Kinesis team provides for governments. It is a regional and institutional transformation that serves as an impactful example of the overall transformation that Kinesis can bring to a global monetary structure in desperate need.
In addition to offering real-world value to the millions of Indonesians who send and receive remittances, Kinesis is also expected to open the financial benefits of gold storage to a nation in which more than 65% of people are either unbanked or underbanked.
Kinesis is transforming the space for digital payments and is on-track to create even more powerful alliances with companies, organizations, and nations, thereby making their gold- and silver-backed stablecoins accessible to people everywhere.