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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. Mr Livingstone said it had to resist zozo sex chat classification of Kin as "security" because this categorisation would "kill" its usability and that of other similar ki, systems.

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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. No date has been given for when the Kik app will close. 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.

As well as fighting in court, Kik Interactive chat rico also work to convert the millions of existing Kin users into more active customers and buyers, Mr Livingstone ldt. 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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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". 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.

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

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

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No date has been given for when the Kik app will close. Kin currently had two million "monthly active earners" and"monthly active spenders". And growing the community of Kin users ificantly would make it far harder for the SEC to prevail. Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation ler "kill" its usability and that of other similar crypto-cash systems.

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Kik Messenger launched in and proved popular largely because it lets people register and use it without providing a phone or other credentials. The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created. In response, Kik said it was "constantly assessing and improving its trust and safety measures".

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Kik not shutting down as mystery ‘last-minute buyer’ for popular chat app found

The legal row blew up because lwt 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. The app has also proved controversial and a BBC News investigation in suggested it had chatt in 1, UK child sexual abuse cases police had investigated in the past five years. 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 bath prostitution cost decade".