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The company said it was closing down the messaging service so it could concentrate on the Exchanye cryptocurrency it has also created. The decision also means that 80 staff who keep Kik running will be let go. No date has been given for when the Kik app will close. Kik Messenger launched in and proved popular largely because it lets people register and use it without providing a phone or other credentials. The app has also proved controversial and a BBC News investigation in suggested it had featured in 1, UK child sexual abuse cases police had investigated in the past five years.

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Interested in finding out more about Kin and cryptocurrencies?

Kin currently had two million "monthly active earners" and"monthly active spenders". Redeem Kin for content, experiences, services and more.

Read about it. Next Up In Tech. Kin is a new digital currency created by the team behind Kik. Please consider the other. CEO Ted Livingston has announced that the company is shutting down the Kik messaging application and focusing entirely on its Kin cryptocurrency. Interested in getting early access to upcoming Kin product news and releases? Download Introducing Kin.

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The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created. To download Kik, please. And growing the community of Kin users ificantly would make it far harder for the SEC to prevail.

The app has also proved controversial and a BBC News investigation in suggested it had featured in 1, UK child sexual abuse cases police had investigated in the past five years. The decision also means that 80 staff who keep Kik running will be let go. Kik Messenger launched in and proved popular largely because it lets people register and use it without providing a phone or other credentials.

Livingston says that the company has a plan for that, too, with the remaining employees working to expand the Kin blockchain to support more transactions, work with developers that support Kin, and build a new mobile wallet for buying Kin. As well as fighting in court, Kik Interactive would also work to convert the millions of existing Kin users into more active customers and buyers, Mr Livingstone said.

Kik messenger app to shut down

Related Topics. How Kin works. Image: Kik The exchznge of Kik — the once-popular messaging app — is getting even stranger. The Kin community.

Kik is shutting down its messaging app to focus on sec cryptocurrency fight - the verge

Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation would "kill" its usability and that of other similar crypto-cash systems. Introducing Kin.

Then, you can spend your Kin on goods and services inside of Kik. This means that you can get access to better content and experiences. A group for exchanging Kik usernames so that you can discuss your problems with someone over a longer period of time or just talk to someone.

Kik is shutting down its messaging app to focus exclusively on cryptocurrency amid fight with sec

The legal row blew up because the SEC wanted the Kin crypto-cash launch categorised in the same way as the initial stock offering for companies that floated on the stock exchange. How the blockchain is changing money and business.

We exchange information via PM only. He acknowledged the difficulty the decision would cause as it would mean laying off people who had families and who had "poured their hearts and souls into Kik and Kin for over a decade".

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No texting and driving. Soon, you'll be able to earn and spend Kin inside of Kik.

Kin is eexchange new digital currency created by the team behind Kik. Through Kin, content creators and developers can be compensated for their offerings.

Please do not​. In response, Kik said it was "constantly assessing and improving its trust and safety measures".

Do not post or hint at your username or group hashtag. No date has been kiik for when the Kik app will close. Check out some of our resources.

A very early, limited integration of Kin is being tested now with a small group of users. Kik Points let you earn points for watching videothen use points for stickers and custom emojis Candy Crush Gold allows you to buy gold with money, then use gold for game lik Line Coins enable you to earn coins for downloading apps, then use coins for stickers Kin is different from other digital currencies because it is a cryptocurrency.

And by the way, you should also get compensated for the contributions you make!

Kik exchange - wireclub

Kin is similar to other digital currencies that enable you to earn and spend. Cash community Writing about its decision to switch focus, Kik Interactive founder Ted Livingstone said the company had taken the "hard decision" to shut down Kik because it wanted to devote all its attention to the Kin cryptocurrency. Earn Kin for engaging with brands, reporting bugs, promoting causes and more.