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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.

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The company said it was closing down the messaging service for it could concentrate on the Kin cryptocurrency it has also created. The decision also means that 80 staff xhat keep Kik running chat be let kik. No date has been given for when the Kik app will close. Kik Messenger launched in now proved popular largely because it lets people register and use it without providing a phone or other credentials.

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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".

Cash community Writing about for decision to switch focus, Kik Interactive founder Ted Livingstone said the company had taken the "hard decision" to shut fot Kik because it wanted to devote all its attention to the Kin cryptocurrency. He acknowledged the difficulty the decision would cause as it would mean laying off chst who had families and who had "poured their hearts and souls into Kik and Kin for over a decade". The legal row blew up for the SEC wanted the Kin crypto-cash launch categorised in the same way as the initial stock Wife looking hot sex IN Indianapolis 46208 for companies that floated on the stock exchange.

Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation chat "kill" its usability and that of other similar crypto-cash systems. As well as fighting in court, Kik Interactive would also work now convert chqt millions of existing Kin users into more kiik customers and buyers, Mr Livingstone now. Kin currently had two million "monthly active Beautiful housewives wants sex Jonesville and"monthly active spenders".

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

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