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The Kinesis Card: Spending allocated Gold Like Cash
The Kinesis card functions as both a payment and debit card. It is released initially in virtual form and enables holders to spend balances of digital gold, digital silver and supported cryptocurrencies in ordinary retail settings around the world. At the moment of checkout the selected digital asset is converted in real time into the local fiat currency required by the merchant, so the transaction settles in the same way as a conventional card payment.
How To Receive Cashback Using The Kinesis Card
Every time the Kinesis card is used to buy goods or services, 2% of the transaction value is returned in Kinesis gold. The process involves a few straightforward steps.
- A purchase is made with the card for ordinary spending such as groceries, dining, or shopping.
- Two percent of that amount is credited to the account in the form of Kinesis gold.
- There is a monthly spending limit of $2,000, which means a maximum of approximately $480 in allocated gold can be earned over the course of a year.
Key Benefits Of The Kinesis Card
1. Cashback Rewards
The card offers two percent cashback in Kinesis gold on qualifying purchases. With a monthly cap of two thousand dollars, the possible annual total in gold rewards amounts to approximately four hundred and eighty dollars.
2. Kinesis Contribution to the Master Fee Pool
For each cashback transaction, Kinesis adds an extra one percent of the transaction value to the Master Fee Pool. This contribution is funded by Kinesis and supports the broader reward structure of the ecosystem.
3. Metalback Functionality
When purchases are made with the Kinesis Virtual Card, users can earn up to ten percent back in gold. This feature is available at more than six thousand retailers across categories such as fashion, furniture, and specialty goods.
4. Velocity Yield Program
Monthly yields in gold or silver are available when Kinesis metals are used as the payment currency for transactions. This provides an additional avenue for accumulating precious metals through regular card usage.