Code Wallet Aims to Make Crypto Payments as Simple as Passing Cash

• Code Wallet is introducing its Solana-based cryptocurrency app.
• The app is built around the cryptocurrency KIN, which was labeled a security by the SEC after a 2017 ICO.
• Code’s core feature allows users to instantly send crypto by scanning someone’s QR code – based on the concept of “digital paper cash”.

Code Wallet Launches Crypto App on Solana

Code Inc., started by the team behind the Kik messaging app, is introducing its Solana-based “Code” crypto wallet today. The minimalist payment app is built around the cryptocurrency KIN, which started out as a token on the Ethereum blockchain but is now on Solana.

KIN’s Regulatory History

Before leaving Kik, CEO Ted Livingston launched KIN as a way to help monetize the platform – raising $100 million in a high-profile 2017 initial coin offering (ICO) before the token was labeled a security by the U.S. Securities and Exchange Commission. Kik Interactive Inc. paid out a $5 million fine to the SEC, and the Kik messaging app – now under new ownership – is no longer associated with the KIN project. In an interview with CoinDesk, Livington spun KIN’s regulatory baggage as a positive: “KIN is the only token that’s on Solana that has no inflation that’s been through the SEC gauntlet.”

Digital Paper Cash

Code likens its wallet app to an “iPhone moment” for crypto and aims to make digital payments immediate and final – like handing over physical money from one person to another. Its core feature allows users to instantly send crypto from one wallet to another by scanning another user’s QR code – based on what it calls “digital paper cash” technology.

Adoption Potential

Livingston believes that KIN has been given a green-light for trading in U.S., making it better suited for adoption as a payment method than similar virtual currencies that have yet to get regulatory clearance – such as Ripple whose case against SEC is ongoing .


The Code wallet hopes to bring an intuitive experience for users looking for an easier way to use cryptocurrencies in their day-to-day lives while maintaining compliance with government regulations .

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