Happy Q2, Kastians! Over the past several months, we’ve been making great strides within our product and driving the KASTA token forward.
As you may have heard, our “cash” functionality, which provides our customers in the European Economic Area (EEA) with their personal IBANs, has been a huge success. We’re happy to share that in the recent quarter, users who have enabled this functionality increased by over 136%.
We’re on our way to becoming the most convenient platform for buying and selling crypto, and we aim to continuously grow as we go!
Our Exponential Growth in User Engagement
Let’s take a look at the numbers:
User Sign Ups
We've witnessed an unprecedented surge in our community, with a 255.29% increase in sign ups this quarter compared to the last.
New Deposits
We’ve also seen a 161.8% increase in new deposits on Ka.app.
Returning Deposits
Loyalty within our user base is stronger than ever, as evidenced by a 74.41% increase in returning deposits. This reiterates the value our users find in our services.
Asset Conversion
During the same time period, we have also measured a 108.7% increase in users converting between different assets. This includes buying and selling crypto by converting to and from EUR directly on our platform.
What Else Is On the Horizon?
Debit Cards
Yes, you read that right. Our debit card functionality (available to customers in the EEA) is ready, and we’ve already kicked off the debit card tests with select Ka.app users! Most of them have ordered their debit cards; and once received, they can test more card-related flows and processes on Ka.app, including card activation, topping up funds, spending crypto, and more!
Check out some of the exciting posts our debit card testers @JPedrosa19 and @CryptoGigaChad made on X!
When the Ka. Debit Card goes live to the public, you can start spending crypto in the real world in a few easy steps—both online and in physical stores—whether for groceries, travels, your daily cup of coffee, petrol, etc. You’ll also be able to cash out funds through a Visa-compatible automated teller machine (ATM) at any time.
We are aiming to have the cards live for the general public within the first half of this year.
Referral Program
We are also actively working on our referral system which will provide users with the opportunity to earn a percentage of revenue generated from the people they invite to Ka.app.
Card Top Up
As of writing, Ka.app users can only top up their wallets by depositing euros via IBAN and depositing crypto from external wallets and converting to EUR. But don’t worry, we’re working on making it possible for you to top up funds using an external credit/debit card!
In fact, our new card top up screens are ready for internal tests. We’ll do several rounds of QA before inviting select Ka.app users to test the functionality as well.
Crypto Off-Ramp for Users Outside EEA
Users outside the European Economic Area (EEA), can now access off-ramp services through the Ramp integration on Ka.app. Conveniently take profits or cash out crypto when you need extra funds through your preferred payment method, whether card or bank transfer.
Our strides in feature innovation, customer base growth, and community engagement are just the beginning. We're on the brink of unveiling even more features that will redefine the crypto landscape. Stay tuned for more updates.
Final Thoughts
We hope you’re as excited as we are for what’s about to come! The Ka. Debit Card will open new opportunities for our product and community, so keep inviting friends, colleagues, and loved ones to sign up on Ka.app!
As always, we’re grateful for your continued support! If you haven’t already, be sure to follow us on X to stay up to date with the latest announcements.
