Advanced security features:

Security is of the utmost importance in a cryptocurrency, and is top priority across the entire suite of currencies and applications. The Kinesis Wallet is no exception.

A powerful security feature added to the Kinesis network via the bespoke Kinesis e-wallet is the ‘sign and verify’ function that secures any transfers at the request of the participants in a trade. If initiated, a signature allows a user to verify that a particular user holds the correct keys to a Kinesis account, ensuring that the payment goes to the intended recipient, hence authenticating a particular payment. This makes it a lot more difficult for an unauthorised party to intercept or execute an illicit payment on the network.

This security feature is utilised within internal processes in the kinesis currency exchange, for example in KCX whereby a minter of kinesis will need to sign a verification request in their Kinesis Wallet prior to the minted kinesis being emitted into their wallet. This will ensure that only the minter processing a purchase of Kinesis from within KCX will be able to authorise the wallet into which the kinesis will be emitted, and no other wallet can be used.

Additionally, an optional multi-signatory function exists to further secure transactions across a number of signatories who are required to authorise transactions on any account. This feature can be configured by the Kinesis account holder where multiple authenticated parties are required to approve a payment of kinesis prior to the payment taking place. Without these specified approvals the payment will not proceed. This is particularly useful for institutional users on the Kinesis system where more than one person in authority is needed to transact.

Seamless Access to a world of Kinesis functionality:

The Kinesis eWallet is also designed to allow seamless interaction across all the Kinesis platforms such as the Kinesis Commercial Centre, Kinesis secondary exchange, the Kinesis Pay Mobile Payment Platform and debit card systems.

From this one convenient application one will be able to transfer Kinesis currencies into all platforms to access the extensive range of features available to the currencies. This includes being able to transfer in real time into a fiat balance for fiat-based payments using the Kinesis Pay debit cards.

The adjustments in these balances will immediately be available for view in the Wallet, and the funds will be available to be spent on the debit cards.

From one’s first access to Kinesis, be it through minting in the primary exchange, purchase in the secondary exchange or receipt from another kinesis holder, the Kinesis Wallet will reflect the balances and enable full transactional ability.

Mobile Banking:

Since Kinesis understands that the true usability of a currency lies in accessibility and ease of use, the Kinesis Wallet will also be available in Android and iOS mobile apps, putting the full power of these currencies literally in the hands of the users. The integration of the Kinesis Wallet with the Kinesis Pay debit card system means that from the convenience of a mobile phone application, within minutes Kinesis currencies can be converted into Fiat and spent on a debit card, bringing real time transacting to the Kinesis currency system.

The Kinesis Wallet is designed to be so much more than just an e-wallet; just as Kinesis is designed to be so much more than just a cryptocurrency.

The Kinesis team has ensured that this wallet adds yet another world class product to the Kinesis suite, and while the Kinesis Wallet serves ostensibly as an e-wallet for performing regular cryptocurrency activities, it has been designed to offer a multitude of additional dimensions of functionality facilitating easy access to and management of all services available in the Kinesis ecosystem, as fitting of a full-featured currency.

Rosalyn Charlton

CTO — Kinesis