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Kinesis Launches Sharia-Compliant Gold Monetary System in Indonesia

Revolutionizing Finance with Gold

Kinesis has recently given the finance world a shake-up with the introduction of its Sharia-compliant mobile app, PosGO, in Indonesia. This isn’t just another digital asset; it’s the dawn of a new way to view gold: as a currency. In a nation home to the world’s largest Muslim population, this could be the gateway to a more gold-centric economy.

A Closer Look at PosGO Syariah

Imagine a mobile platform that lets you trade gold without the complexities of traditional banking. PosGO is not just about buying and selling; it’s an entire ecosystem. Users can make real-time transactions with both gold and fiat currency, conduct peer-to-peer transfers, and even join a savings program designed for one of Islam’s most sacred journeys—the Hajj.

  • Mobile Ecosystem: Trade gold anytime, anywhere.
  • Real-Time Transactions: Instant payment processing for both gold and fiat.
  • Community Savings Program: Tailored for Hajj, because who doesn’t want to save for a pilgrimage?

Powerful Partnerships Expand Reach

Kinesis didn’t just dive into Indonesia; they’ve joined forces with the country’s postal giant, PT Pos, which means they’re reaching folks far and wide. Imagine buying gold while mailing a letter! This collaboration is crucial for driving the acceptance of gold-backed currency among everyday Indonesians.

Government Backing: A Vote of Confidence

It’s not every day you see a new financial product receiving government endorsement, let alone a gold-focused one. Kinesis has secured blessings from Indonesia’s federal government and the Sharia Supervisory Board, ensuring that PosGO is not just compliant, but also a trusted system without the baggage of debt or interest.

Empowering Financial Freedom

Kinesis CEO, Thomas Coughlin, sums it up: “PosGO will empower more Indonesians to use gold as a currency.” With the Indonesian economy still recovering from the COVID-19 rollercoaster, this shiny gold venture offers a new lifeline. It’s time to start viewing wealth through a different lens—one that glimmers in gold.

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