Is Kik’s Restructuring a ‘Hail-Mary Pass’ or a True Saving Grace?

The relationship between the cryptosphere and the United States Securities and Exchange Commission has been growing both closer and more tenuous over the last several years. For better or for worse, the cryptocurrency industry has been increasingly shaped by the SEC’s actions and rulings within the space.

London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now

Perhaps the most prominent example of this at the moment is Kik, a messaging app that has 300 million active users around the world, announced last week that it would be shutting down on October 19th–nine years to the day after the first message was sent on its platform. Instead of operating as a messaging platform, Kik will focus its effort entirely on building the Kin ecosystem and “converting Kin users into Kin buyers.” If the company is successful at convering users into buyers, the ecosystem would  100 million more users than Telegram’s cryptocurrency ecosystem . (Telegram, another messaging…