Speaking about the Kin project, Kik’s CEO Ted Livingston took to Medium to say: “Two years ago we set out to build a new economy that offered equal opportunity to billions of people. Thanks to this, the coin is one of the most used cryptocurrencies in the world with 600,000 monthly active spenders of the coin.
Kik’s life as a messaging app is now over as the company appears to be moving more into the cryptocurrency space.Ībout two years ago, it launched a cryptocurrency named Kin and raised nearly $100 million in an ICO (sort of like crowdfunding but for crypto).
In response, Kik said it was “constantly assessing and improving its trust and safety measures”. The app has also proved controversial and a BBC News investigation in 2018 suggested it had featured in 1,100 UK child sexual abuse cases police had investigated in the past five years. In a blog, Kik Interactive said the decision had been forced on it by a legal issue with the US Securities and Exchange Commission (SEC) over Kin.Kik Messenger is shutting down despite the service having millions of active users around the world.Īfter launching in 2009, Kik quickly rose to the tops of the App Stores and then slowly veered off but it’s remained popular in the US, with around 300 million users, most of which are teenagers. The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created. Kik is shutting down its popular but controversial messenger app despite having millions of active users around the world.
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