Messaging App Kik Is Shutting Down as The Company Focuses on Cryptocurrency Kin

Founder and CEO Ted Livingston cited pressure from the SEC

The jury may still be out on cryptocurrency, but one company is going all-in, as Ted Livingston, founder and CEO of messaging application Kik and cryptocurrency Kin, revealed that he is shuttering the former to focus on the latter.

The most recent data for Kik indicated that it had 300 million registered users as of May 2016, while Livingston said in his Medium post revealing his decision that Kin has over 2 million monthly active earners and 600,000 monthly active spenders.

Livingston

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