Cryptocurrency Stock News: Killi (TSXV: MYID) Allows Coinbase Users to Redeem Bitcoin or Ethereum in Exchange for the Use of Their Data
Individuals with a Coinbase Digital Wallet can now redeem their Killi earnings into instantaneous, no-fee cryptocurrency
New York, New York - May 11, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Killi Ltd. (TSXV: MYID) (OTCQB: MYIDF) (OTCQB: MYIDD) ("Killi"), a data privacy ecosystem that rewards users that consent to share their data, introduces cryptocurrency (crypto) as a new redemption feature for users to receive their Killi Paycheck. Individuals holding a Coinbase Digital Wallet can now convert their Killi earnings into crypto redemptions instantaneously when they meet the minimum redemption threshold, making Killi the first company that enables users to exchange the earnings they have made from their data into guaranteed crypto.
"We are excited to announce that Killi will be adding crypto, specifically Bitcoin and Ethereum, as redemption options to those consumers that have a Coinbase wallet," says Neil Sweeney, CEO and Founder of Killi. "By providing users with an instantaneous way for them to earn crypto without any fees is the equivalent of introducing a crypto-dividend, where each week consumers can passively accrue money that can be redeemed into the two largest cryptocurrencies. We plan on adding additional currencies in the future but are excited to offer the 56 million verified users of Coinbase an opportunity to earn additional coins via Killi."
Killi users are compensated by consenting to share various types of data within the Killi ecosystem. Killi compensates these users via a weekly "Killi Paycheck," which is comprised of various modules that the consumer can select from. The Killi Paycheck can be redeemed for VISA gift cards, donated to charity and now crypto.
Coinbase Global, Inc. was founded in 2012 to simplify the purchase of bitcoin, and it has emerged as the most popular crypto exchange in the US. The service now has 56 million users, up from 43 million at the end of 2020 (https://www.coinbase.com).
About Killi Ltd
Killi Ltd. (TSXV: MYID) (OTCQB: MYIDF) (OTCQB: MYIDD) is a company driven by the evolution of consumer data and privacy. Killi allows consumers to opt-in to share specific pieces of data in exchange for compensation, democratizing data for both consumers and brands. Killi offers 1st party data that is global and privacy compliant.
Killi is currently available online or via iOS and Android in five countries (US, Canada, Singapore, Australia, and New Zealand). Killi is also the creator of uaretheproduct.io, a consumer-facing website that allows consumers to determine their data's value broken out by individual platforms.
To learn more about Data Unveil and how Killi fairly pays users, please visit https://killi.io/killi-paycheck/.
Download Killi here.
For further information, please contact:
Chris Frostad, CFO
1-855-908-DATA
E: investorrelations@killi.io
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accept responsibility for this news release's adequacy or accuracy.
Forward-Looking and Other Cautionary Statements
This news release may contain "forward-looking statements" within the meaning of applicable securities laws, including, but not limited to, the Company's financing plans; the proposed use of proceeds of the Offering; and other expected effects of the Offering. Forward-looking statements may generally be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," "target," or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to: the audience segments may not match a buyer's intended, the uncertainty surrounding the spread of COVID-19 and the impact it will have on the Company's operations and economic activity in general; and the risks and uncertainties discussed in our most recent annual and quarterly reports filed with the Canadian securities regulators and available on the Company's profile on SEDAR at www.sedar.com, which risks and uncertainties are incorporated herein by reference. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company does not intend and undertakes no obligation to update any forward-looking statements to reflect, in particular, new information or future events.
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