Kik Messenger is shutting straight down inspite of the service having millions of active users around the globe.
The business stated it had been closing straight down the texting solution therefore it could pay attention to the Kin cryptocurrency it has in addition produced.
In a web log, Kik Interactive stated your choice have been forced about it by way of a appropriate wrangle with the usa Securities and Exchange Commission (SEC) over Kin.
Your decision does mean that 80 staff whom keep Kik operating may be let it go.
No date happens to be provided for as soon as the Kik software will close.
Kik Messenger established this year and proved popular mostly given that it lets individuals register and use it without supplying an unknown number or any other qualifications.
The software in addition has shown controversial and a BBC Information research in 2018 proposed it had showcased in 1,100 UK child sexual abuse situations authorities had examined in the previous 5 years.
In reaction, Kik stated it absolutely was “constantly evaluating and increasing its trust and security measures”.
Currently talking about its choice to modify focus, Kik Interactive creator Ted Livingstone said the organization had taken the “hard choice” to power down Kik since it wished to devote all its focus on the Kin cryptocurrency.
By shutting straight down Kik and shrinking to 19 workers, the organization could cut its overheads by 85%, he stated, offering it a better chance of winning the appropriate battle with all the SEC.
He acknowledged the problem the choice would cause since it will mean laying off those who had families and that has “poured their hearts and souls into Kik and Kin for over 10 years”. […]