News and Announcements
Kinesis Monetary System CEO believes technology is the key to reconstructing trust in the financial services sector
- Published September 19, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- CEO of Kinesis Monetary System, Thomas Coughlin, believes technology can rebuild trust in the financial services sector.
- Ten years on from the credit crisis, blockchain may be the key to rebuilding trust.
- Mr Coughlin believes Kinesis Monetary System recently launched gold-based stable coin can provide the trust that is needed in the industry.
Last week marked the 10th anniversary of the worst global financial crisis since the 1930s, which caused a lack of trust within the financial services sector.
Thomas Coughlin, CEO of Kinesis Monetary System, believes that this trust can be rebuilt using revolutionary blockchain technology.
The introduction of blockchain technology into the sector allows greater accountability through the form of digitised, shared and trackable data sets.
Kinesis Monetary Systems has tapped into this technology by creating secure and easily exchangeable, digital records of metal ownership on the blockchain.
About Kinesis Monetary System
The vision for Kinesis is to deliver an evolutionary step beyond any monetary system available today. This is achieved by basing the Kinesis currencies 1:1 on allocated physical gold and silver. Use is incentivised by attaching a unique yield system to the Kinesis currencies and distributing back the wealth generated according to proportionate currency holdings and velocity.
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