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Kinesis has already won the backing of, among others, the Indonesian Post Office, which has signed up to use it in handling its $12.5 billions of assets.
This was possible because Kinesis, unlike most cryptos, is Sharia compliant, since it makes its yield from transaction fees not interest.
https://abx.com/2018/01/23/ptpos-abx/
Kinesis CEO: "POS (Post of Indonesia) runs the country’s largest transportation, logistics and non-bank financial services operation through both online channels and over 4,000 physical post offices, and serves hundreds of millions of Indonesians each year.
Bringing innovative gold trading and investment products and cutting-edge technologies in partnership with POS is a very powerful platform and will be able to serve the millions of existing and future POS customers who are un-banked or under-banked."
Even more important: "Significantly, POS and ABX have also agreed to cooperate together to replicate the offering to the ten ASEAN countries through each of the government-owned post office entities."
The 10 ASEAN countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Deutsche Bourse, the largest Exchange in the eurozone, is set to become a liquidity provider to ABX and, in my opinion, will run Kinesis on some of their platforms
https://abx.com/2017/11/15/ecc-abx/
This was possible because Kinesis, unlike most cryptos, is Sharia compliant, since it makes its yield from transaction fees not interest.
https://abx.com/2018/01/23/ptpos-abx/
Kinesis CEO: "POS (Post of Indonesia) runs the country’s largest transportation, logistics and non-bank financial services operation through both online channels and over 4,000 physical post offices, and serves hundreds of millions of Indonesians each year.
Bringing innovative gold trading and investment products and cutting-edge technologies in partnership with POS is a very powerful platform and will be able to serve the millions of existing and future POS customers who are un-banked or under-banked."
Even more important: "Significantly, POS and ABX have also agreed to cooperate together to replicate the offering to the ten ASEAN countries through each of the government-owned post office entities."
The 10 ASEAN countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Deutsche Bourse, the largest Exchange in the eurozone, is set to become a liquidity provider to ABX and, in my opinion, will run Kinesis on some of their platforms
https://abx.com/2017/11/15/ecc-abx/