The Kentucky-based company is launching virtual currency that can be exchanged for bitcoin and other cryptocurrencies.
KYM, which has been listed on CoinMarketCap and is valued at $8.8 million, is seeking investors to support its development.KYM said that the virtual currency will work like a currency, unlike a physical currency.
KYMs bitcoin wallet will be a fully-featured bitcoin wallet, which means users can use KYM’s wallet to buy bitcoin, bitcoin-based products, or any other cryptocurrency.KYMs wallet is based on the bitcoin protocol and will be designed to work with multiple wallets, allowing KYM to be more secure and offer customers a wider range of services.
KY’s website says the virtual wallet will have no transaction fees and will only accept Bitcoin as payment.
The wallet will offer users a number of services, including Bitcoin trading and investment.
KY said that KYM will be launching KYM Lite, a limited-time, $20 wallet offering KYM services to the public, beginning June 10.
The company is hoping to bring more bitcoin-powered services to its customers, including KYM wallet and its virtual currency KYM.
KYTM is working with companies like CoinPay, CoinLink, and ShapeShift to develop KYM products and services.