 How are you doing? I'm your host Rich. You're going to be having RichTV Live with our very special guest, the CCO, Chief Commercial Officer of Kinesis Money, Jai Bifolko. How are you doing today, Jai? Very well. Thank you very much. And yourself? I'm doing fantastic. Excited to have you on the show. Maybe you can tell us a little bit about yourself and how you got involved with Kinesis Money. Yeah, absolutely. I mean, well, a bit about myself. Well, obviously, I'm the Chief Commercial Officer at Kinesis Money. I've been with Kinesis Money now for four years with Kinesis Money ABX Group. So we're a group of companies. Originally, Kinesis started off in the Precious Metals exchange, institutional exchange. They're still running ABX, been around for about 10 years. And Kinesis was born from the ABX into the more sort of digital fintech banking, sort of facing space of precious metals. And I joined the company right down at the founding stages of Kinesis back in 2018, I believe. Yeah, time flies when you're having fun. And back in 2018, and I've been here ever since right away from capital raising all the way up to product launch. And here we are now coming up to almost four years. And we're through all of that. We have a really, really stable product with a great customer base, some great numbers, which I'm sure we'll get into in a little bit. Fantastic. Now, can you tell us what your main goals are for Kinesis Money in 2022? Sure. I mean, Kinesis is really, really unique in the sense that we have a very, very unique model where we give away or we distribute yields to our users based on the transactional revenue of the company. So we're unique because we have this trade volume that's going on. We have a lot of ways that people can actually interact with precious metals. Like typically, you have the precious metals industry, somebody wants to park their money in one of the safest stores of value, gold, or precious metals in general. They want to park their money in metal, you sort of lock it up, there's a charge for that, and then what do you do? You've got it sitting in a vault, your money's safe, but you can't really interact with it. So Kinesis really provides and brings utility to precious metals, allows people to park their money in a safe digital version of their gold. It's fully backed one-to-one, you can redeem it, you can interact with it like normal metal, but it's brought onto a digital interface so you can trade it, spend it, send it, do all sorts of interesting things. And what this does is stimulates trade volume and transactional volume, which in turn creates a massive fee pool which we share. So we're able to distribute yields back. So 2022, the focus will be to really roll out the last components of our yield engine. It's a very bespoke blockchain-based yield engine. We've already rolled out two components with the third component coming on this month. So it'll be really focusing on getting that yield engine fully, fully released. And then obviously starting to work towards the more banking side of Kinesis where our global virtual and physical debit card programs will come online and allow people to not only interact and receive yields, but spend their physical precious metals and crypto just like normal money, everyday money, just tapping it on the card, some really unique technology that allows us to at the tap, at the point of sale, your transaction of metal and crypto will happen instantaneously in the background. So there's no converting or messing about, it's just you've got your portfolio, you can just use it just like normal money. So these are the focuses for 2022, bringing Kinesis as a monetary system into the world as a platform that people can really use sound money in their everyday life. Now, one of the questions that I know everybody's going to ask is this is a great platform to buy gold and silver and crypto. But with gold and silver, you mentioned that you guys can store it in your vault. Now, if I was to buy some gold and silver, could I actually have that gold and silver delivered to my home if I chose not to have it stored in your vault? Certainly. In fact, interesting point with that would be that if you were to go and buy 100 grams of gold with Kinesis and then redeem 100 grams of gold, what we would do is we'd process it straight from our vault to your door using FedEx or UPS or whatever. Because of the way our pricing is delivered, the way we price our gold, and I think there's a question coming up about that, we're able to deliver that cheaper to you than you going into a bullion store. So we're actually not only a great place to hold gold, but we are one of the cheapest places in the world. And I'll check daily against all the majors. When you're talking about an aggregated price of gold and silver without spread, the actual price of the spot price on our physical comparatively is one of the cheapest in the world. It may fluctuate in and out by cents. And that's with the leader. Any other contender that comes in, you're talking 40, 50 bucks difference in spot. So we have this already well priced metal. And then when you go to redeem it, it's cheaper to get it delivered than it is to literally walk in a shop. So yes, and yes, you can definitely buy it and get it, redeem it and get it delivered cheaply. Fantastic. Now, if Kinesis money were to compare itself to its competitors in this sector, what would you say sets you guys apart? Oh man, there's some gold tokens out there for sure. ERC 20 based. Some that are not ERC 20 based. Really, what's happening is they're taking their business and they're creating either a debit card to it, where there is an expensive trade trade and clunky process going on the background. And all that bringing gold ownership onto the blockchain without really, they're being a utility to it. I don't want to just hold my gold and be able to see it on the blockchain. I want to be able to interact with it, send it, earn from it, and all of that type of thing. So it really differentiates Kinesis from anyone else in the world, apart from us being the most traded gold token on planet Earth with $10 billion done this year so far in trade volume. What really drives us apart from the rest is that you can in real time interact with your precious metals, spend it, send it, trade it, get it, get it, and then earn from it a yield based on a global pool of transactions. A lot of people do cashback or rebate models. That's not how Kinesis works. Our blockchain and our yield engine takes into account the whole entire global transaction volume, whether it's going on in Indonesia, Africa, or wherever. And it calculates the entire revenue pool, allocates it, and then proportionally distributes it to you automatically every single month based on a multitude of participation points you can do with this. So Holder's yield pays you for holding. Aminter's yield pays you for minting. A referrer's yield pays you for referring. A velocity yield pays you for spending. And it's all based on our revenue, which means the more we grow as a company, the more you get. And the figures, which I'm about to release officially, so I would say keep an eye on our news release at kinesis.money on the website, because we're about to release the annual figures, the annual yield percentages. And they're exceptional. They outperform a lot of funds. So it works. It's been proven. And that's really what sets us apart from our competitors, if we could call them competitors. That's very impressive. Can you explain to the viewer how you guys get the price on the market for gold and silver purchases? Sure. So I mentioned that before ABX. And what was interesting about ABX is a lot of physical metal is based on paper market prices. What the ABX did was it took physical metal across a multitude of vaults priced around the world. And our exchange takes all the pricing from Switzerland and New York and Sydney and Dubai and all of our centres. We've got 12 vaults in nine countries. We're about to release another vault for the LATAM region, which is an exciting piece of news. You can also keep it dry out for this next couple of days. And then what it does is it aggregates the pricing and our engine gives you the best pricing. So that pricing is based off of your London bullion markets. But then we're aggregating it against all of our vaults. And then we drive through our own price. And it's really based on all of the countries aggregated and we get the best price. And that's happening in real time. So if Switzerland is a couple of percentage cheaper, base points cheaper than say New York right now, our engine will flick you to the right location. And that pricing then comes through to Kinesis while we're able to deliver such good pricing. That's really impressive. If there was one thing you would want viewers that are watching this from all over the world to know about Kinesis money today, what would that be? Look, we are bringing back a true alternative to currency. We're not giving you a Neobank or a fancy app that's a gimmick. What we're doing is we're giving you a true choice to stay out of the debt-ridden currency markets. The Fiat, the paper printing, we're giving you a true solution here to use real money, sound money, and actually be a part of the solution to actually use sound money. I think we can give you the opportunity or the choice and alternative to operating outside of the banking and the broken Fiat markets. And the more we do this as a society and as a people, the more we move away from the ill practices of this current sort of monetary system that's happening now. And the more we can use sound money, then the better things will get for us. Because as inflation increases and as the world starts to slip into sort of a little bit of economic turmoil, where you get to see the hit of the pandemic globally on an economic scale, this is an opportunity for you to be able to protect your wealth, keep it in metal, but then be able to not be penalized for having metal by not being able to use it. You get to keep it in metal, it's real, it's redeemable, and you get to spend it like money and you earn a yield. It's kind of a no-brainer for those that really want to be part of a solution. Sounds extremely impressive. What is the best way for clients to get in touch with Kinesis money? If they had any questions, regards to the platform? Sure. We have invested a lot in our customer support and our support services and account executives. The best way to go to Kinesis, K-I-N-E-S-I-S.money. That's our website. We have contact form on there and we have a live chat. The live chat is routed to an agent. An agent then compares you to a sales exec. If you've got a billion dollars that you want to park safely or if you've got 100, we can cater to you. We have an incredible vast pool of vaults. We handle major, major clients. We also handle governments and countries. We have extreme scalability. We have a lot of liquidity. We have an operating exchange. The thing is live, it's working. We have 80,000 clients so far, 10 billion traded in 2021 so far. Our yield percentage will be released shortly. It's almost, it's a very, very lovely figure. Like I said, whether you're ultra high net worth or your average person like me that wants to park your money in a sound system, then get in touch on our website. Very excited about Kinesis money. Thank you for your time today. I must remind you, everyone that's watching that Rich TV Live is strictly for information and education purposes, please do your due diligence, do your research before you invest in anything that we talk about or discuss here at Rich TV Live. Now in saying that, I do believe this is a phenomenal platform where you can invest, purchase, hold, store, spend, gold, silver, and crypto. Very impressed. Thank you for your time today. Chief Commercialization Officer, CCO of Kinesis Money. Jai Bufolco. Thank you for your time today, Jai. My pleasure. Thank you very much for having me. Always a pleasure. Love to invite you back. If you ever have any big, breaking news or updates, we'd love to learn more about Kinesis Money. And for those of you guys that are watching, if you're not winning, you're not watching, we bring you the winners and we bring them to you first. I think you need to put Kinesis Money on your watch list, put it on your radar, go and set up an account, and start making some money. Thank you for watching, everybody. Have a great day.