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Kinesis partners with Pegasus for new USD deposit & withdrawal option

Kinesis has partnered with global mobile wallet provider, Pegasus, to offer US-based users an efficient and low-cost method of depositing and withdrawing US dollars on the Kinesis platform.

Kinesis Pegasus Partnership.png

Key features of Pegasus​

  • Fast USD deposits – seamless transfers into Kinesis
  • Low fees – low-cost deposits or withdrawals from Kinesis
  • Accessible – available via the Kinesis platform and mobile app

Deposit USD with Pegasus in 3 steps​

You can deposit your USD into Kinesis in a few steps:

  1. 1. Sign up for a free Pegasus wallet and fund your Pegasus wallet in USD via bank deposit. Processing takes 2–3 business days, with a maximum deposit of $10,000 per day.
  2. 2. Log in to your Kinesis account and head to ‘Deposit’ in the top right corner of your Home dashboard. Select the mobile wallet deposit option and follow the steps.
  3. 3. Your USD will be available for use on the Kinesis platform in minutes.
Sign up for your Pegasus wallet here.

Expanding on-ramping and off-ramping​

While the initial offering of Pegasus wallet is focused on US-based residents, the next stage of the partnership will utilise the global capabilities of the Pegasus mobile wallet, opening up fast, low-cost, multi-currency on-ramping and off-ramping for Kinesis users worldwide. The next phase will offer the global community debit and credit card deposit options into a Pegasus wallet, with instant transfers into the Kinesis platform, from anywhere in the world.

The Kinesis team have been working hard behind the scenes, we are now in the final stages of delivering a wide range of on-ramping solutions for faster, cheaper, and more localised deposits. Our partnership with Pegasus is the first stage of a global rollout of on-ramping and off-ramping options designed to make the Kinesis Monetary System seamlessly accessible to all.

As ever, Kinesis is committed to enhancing the access of the platform for users across the globe.
 
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Alien Catstronaut said:
Hey everyone, I'm sharing the Pegasus guide in case you haven't seen it yet. We've reviewed the process carefully and believe it addresses all the questions raised in this thread, but feel free to share any feedback if you think there's room for improvement:
@Uchiki
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This is a great help and addresses most of the vagaries of the process. However, is the phone call from an Account Rep required to initiate/confirm the Pegasus Wallet to Kinesis Account transfer as mentioned above?

If so, then that needs to be mentioned in the guide.
 
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InalienablyFree said:
This is a great help and addresses most of the vagaries of the process. However, is the phone call from an Account Rep required to initiate/confirm the Pegasus Wallet to Kinesis Account transfer as mentioned above?

If so, then that needs to be mentioned in the guide.
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Final update: yesterday I had the wallet transfer confirmation call with my Kinesis rep and the questions circled around making sure that I knowingly and voluntarily intended to transfer the funds out of the Pegasus wallet and into my Kinesis account. The call was recorded and relatively quick in nature. My rep mentioned that the call would be necessary for every transfer no matter the amount. The funds were available for trade on the Kinesis platform a few hours
later.

So I guess I can confirm that the Pegasus wallet does in-fact offer a low cost means to load your Kinesis account but it is neither quick nor hands-free. I was hoping to do a modest weekly deposit on paydays moving forward to DCA KAU purchases, but the existing kinks are giving me second thoughts and I’ll probably just do fewer transactions for now.
 
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Kinesis is actively marketing Pegasus as a low-cost means to Deposit and WITHDRAWL funds to/from the platforms. Is Kinesis prepared to refund people's wire fees for having to use WISE or another service to get funds out of the platform?KinesisPegLie.png
 
Being Canadian I am not able to use Pegasus yet but I have been using Crypto.com to transfer funds to or from my Royal Bank of Canada bank account via Interac e/transfer.
A maximum of $10,000 CD per day from RBC to Crypto.com or $25,000 from Crypto.com to the bank account. I then buy USDC and transfer to my KMS account. All this can be done in the same day, usually less than a few minutes.
 
KVTs to $2,100 was a pretty big move in a positive direction and not just for KVT holders who saw the nominal price of their investments rise accordingly without the need to move a muscle.

It also shows that Kinesis intends to support, not abandon nor show disinterest in, the KVT price in the simplest possible way and one that is consistent with previous rises.

It clarifies the way forward quickly, releasing management to focus on delivering other features, rather than talking or writing about it. Speaking of which, Minting calls...
 
AlM said:
KVTs to $2,100 was a pretty big move in a positive direction and not just for KVT holders who saw the nominal price of their investments rise accordingly without the need to move a muscle.

It also shows that Kinesis intends to support, not abandon nor show disinterest in, the KVT price in the simplest possible way and one that is consistent with previous rises.

It clarifies the way forward quickly, releasing management to focus on delivering other features, rather than talking or writing about it. Speaking of which, Minting calls...
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You act as if $2100 reflects the market value of a KVT, that would require a true exchange where both buying and selling is allowed. Anyways, my gripe is not with the supposed value of KVT, but rather the ongoing ON/Off-ramp hassles, missteps, misspeaks and half-truths for US customers.
 
Understood and everyone wants it all to be done and working now.

I, too, veer from philosophical equanimity to stamp-on-the-floor, toys-out-of-the-pram meltdowns, but always try to remember what is being attempted on a 24/7, global basis for the first time in history with new, blockchain-based technology, viz.: sharing yields on the daily use of PMs, this being totally counter to the vested interests of banks, brokers and many jokers, with changing regulations and bad actors at every turn, some of whom actively wish to kill the project daily from first light to last, all set against a macro environment of global empires shifting, but for the first time in history multiple fiat currencies sinking in value simultaneously against PMs at internet speed with mobile technology.

I'll never sell those KVTs, at any price.

Now, back again to minting.
 
AlM said:
Understood and everyone wants it all to be done and working now.

I, too, veer from philosophical equanimity to stamp-on-the-floor, toys-out-of-the-pram meltdowns, but always try to remember what is being attempted on a 24/7, global basis for the first time in history with new, blockchain-based technology, viz.: sharing yields on the daily use of PMs, this being totally counter to the vested interests of banks, brokers and many jokers, with changing regulations and bad actors at every turn, some of whom actively wish to kill the project daily from first light to last, all set against a macro environment of global empires shifting, but for the first time in history multiple fiat currencies sinking in value simultaneously against PMs at internet speed with mobile technology.

I'll never sell those KVTs, at any price.

Now, back again to minting.
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the flip side to deposits is withdrawls. not earth-shattering technology we're talking about here...
 
I agree, but that looks like an off ramp to me, so hopefully one of many being put in place.
 
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