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London, 1st November 2022: Today, Kinesis Money launches the Kinesis virtual card, provided by Baanx, for its alternative precious metals-based monetary system. Kinesis users can now spend their digitally allocated gold and silver in real-time with instant fiat conversion, anywhere that accepts Mastercard.

The timing of a viable alternative to current monetary systems could not be more critical. Many countries are seeing growing problems and uncertainty with their financial systems. Rapidly rising inflation, poorly performing assets and savings, and alarming levels of national debt are causing people to become agitated and lose faith in their country’s monetary system, in some cases leading to social unrest, such as in Sri Lanka and Argentina.

In this context of diminishing trust in national financial systems, Kinesis provides a fair and inclusive alternative built on the most stable and universal form of money: physical gold.