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

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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 chzt had taken the "hard decision" to shut down Kik because it wanted to devote all its attention to the Kin cryptocurrency. The decision also means that 80 staff who keep Kik running will be let go.

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 mw five years. The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created.

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

Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation would "kill" its usability and that of other similar crypto-cash systems. Related Topics. Related Topics.

And growing the community of Kin users ificantly would make it far harder for the SEC to prevail. 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. 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.

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. 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.

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Kin currently had two million "monthly active earners" and"monthly active spenders". Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation would "kill" its usability and that of other similar crypto-cash systems.

And growing the community of Kin users ificantly would make it far harder for the SEC to prevail. 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". 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".

In response, Kik said it was "constantly assessing and improving its trust and safety measures". Someine currently had two million "monthly active earners" and"monthly active spenders". Kik Messenger launched in and proved popular largely because it lets people register and use it without providing a phone or other credentials.

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. The company wonr 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". Kik Messenger launched in and proved popular largely because it lets people register and use it without providing a phone or other credentials.

The decision also means that 80 staff who keep Kik running will be let go.