[2017-05-25] News18: Kik Set to Launch Its Own Digital Currency

[polynesia]

Kik Set to Launch Its Own Digital Currency

http://www.news18.com/news/tech/kik-set-to-launch-its-own-digital-currency-1412617.html

Kik Interactive, which created the chat platform Kik, said on Thursday it was launching a crypto-currency or token called Kin that would enable customers to use a whole range of digital services.

Kik is a free chat and messaging application founded in 2009 and built for teenagers, with about 300 million registered users.

The Kin token will be created on the Ethereum blockchain, another online public ledger much like that of bitcoin, the original digital currency. A sale of the token will be slated sometime this year, Ted Livingston, Kik founder and chief executive officer, said in an interview with Reuters.

He said Kik would be the first social media app to create its own currency for future sale to the public.

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[polynesia]

Covered by other publications as well.

http://www.livemint.com/Companies/Mv9ueHzpnx4MXKIgMJvIxO/Kik-messenger-app-debuts-own-digital-currency-amid-bitcoin-b.html
http://indianexpress.com/article/technology/tech-news-technology/kik-app-debuts-digital-currency-amid-bitcoin-boom-4675183/