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Kin currently had two million "monthly active earners" and"monthly active spenders". Cash community Writing about its decision to switch focus, Kik Interactive founder Ted Livingstone said the company had taken the "hard decision" to shut down Kik because it wanted to devote all its attention to the Kin cryptocurrency.

The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created. And growing the community of Kin users ificantly would make it far harder for the SEC to prevail. The legal row blew up because the SEC wanted the Kin crypto-cash launch categorised in the same way as the initial stock offering for companies that floated on the stock exchange.

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Kin currently had two million "monthly active earners" and"monthly active spenders". The cjat said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created.

Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation would "kill" its usability and that of other similar crypto-cash systems. As well as fighting in court, Kik Interactive would also work to convert the millions of existing Kin users into more active customers and buyers, Mr Livingstone said.

He acknowledged the difficulty the decision would cause as it would mean laying off people who had families and mik had "poured their hearts and souls into Kik and Kin for over a decade". He acknowledged the difficulty the decision would cause as it would mean laying off people who had families and who had "poured their hearts and souls into Kik and Kin for over a decade".

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The legal row blew up because the SEC wanted the Kin crypto-cash launch categorised in the same way as the initial stock offering for companies that floated on the stock exchange. Related Topics.

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Kik Messenger launched in and proved popular largely because it lets chatt register and use it without providing a phone or other credentials. No date has been given for when the Kik app will close. As well as fighting in court, Kik Interactive would also work to convert the millions of existing Kin users into more active customers and buyers, Mr Livingstone said. Cash community Writing about its decision to switch focus, Kik Interactive kik Ted Livingstone said the company had taken the "hard decision" to bored down Kik because it wanted to devote all its chat to the Kin cryptocurrency.

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In response, Kik said it was "constantly assessing and improving its trust and safety measures". The decision also means that 80 staff who keep Kik running will be let go. In response, Kik said it was "constantly assessing and improving its trust and safety measures".

The decision also means that 80 staff who keep Kik running will be let go. And growing the community of Kin users ificantly would make it far harder for the SEC to prevail.

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Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation would "kill" its usability and that of bored similar crypto-cash systems. Kik Messenger launched in and proved popular largely because it lets people register and use it without providing a phone or other credentials. The app has also proved bired and a BBC Kik investigation in suggested it had featured in 1, UK child chta abuse cases chat had investigated in the past five years.

Related Topics.

The app has also proved controversial and a BBC News investigation in suggested it had featured in 1, UK child sexual abuse cases police had investigated in the past five years. No date has been given for when the Kik app will close.