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Kik Launches Peer-to-Peer Transactions Powered by Kin
[December 06, 2018]

Kik Launches Peer-to-Peer Transactions Powered by Kin


WATERLOO, Ontario, Dec. 6, 2018 /PRNewswire/ -- Kik Interactive Inc., creator of the popular chat platform Kik, today announced admin tipping, a new feature that allows users to send the cryptocurrency Kin to other users in the app. Through this peer-to-peer experience, users participating in public group chats can reward group administrators for facilitating positive and meaningful user interactions inside the app, thereby keeping groups productive, engaging, and safe. Building off its first crypto-enabled feature, chat themes, Kik continues establishing Kin as a key element of its emerging social economy.

Kik Interactive, Inc. Logo

"Kik users meet new people and make friends online in public groups everyday, which makes it an ideal environment to launch our next Kin product," said Laura Newton, head of product for Kik. "The addition of admin tipping incentivizes public group admins to foster enjoyable chat experiences on Kik, while giving group participants the opportunity to thank admins for maintainig these spaces in the app."



Kik continues to help drive the mainstream adoption of Kin. Nearly half of Kin's 10,000 peak daily active spend transactions are attributed back to Kik users. Through the addition of admin tipping, both Kik and Kin anticipate this number will increase as the integration scales. 

"Kik's integration of Kin started with a simple experience, allowing the team to gauge the user response to cryptocurrency, and iterate on these insights," said Ted Livingston, founder of Kik. "The introduction of this new peer-to-peer experience is a huge step forward in shaping Kik into the lighthouse example for new and existing participants in the Kin Ecosystem, and propelling Kin toward becoming the most used cryptocurrency in the world."


Just six months after launching chat themes, Kik recently expanded the feature to 100 percent of its Android users. Following this same model, Kik will release admin tipping to a sample set of public groups, and its availability to all users will scale over time. Additionally, the product development teams at Kin and the product development teams at Kik will continue working together to ideate and build Kin-powered features that expand the app's social economy.

For more information on Kik, visit www.kik.com. To learn more about Kin, visit https://kinecosystem.org.

About Kin Foundation
The Kin Foundation is a Canadian nonprofit corporation established for the governance of the cryptocurrency Kin and is tasked with growing an open ecosystem of digital services. The foundation will oversee the Kin Ecosystem on matters, including development of the Kin Rewards Engine, membership, security, and the ecosystem's transition to a fully decentralized model that operates independently of Kik. For more information, please visit https://kinecosystem.org

About Kik
Kik Interactive Inc., connects the world through chat. The company is the maker of Kik, a chat platform popular where people can chat with friends and connect with chat-based services. Founded in 2009, Kik Interactive Inc. is headquartered in Waterloo, Ontario, Canada, and has offices in New York, Tel Aviv, and Toronto. For more information, please visit https://www.kik.com.

 

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SOURCE Kik Interactive, Inc.


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