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The em said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created. The decision also means that 80 staff who keep Kik running will be let go. No date has been given for when the Kik app will close.

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That was just about the most sound business move the company has made in years. Kin currently had two million "monthly active kessage and"monthly active spenders".

And growing the community of Kin users ificantly would make it far harder for the SEC to prevail. This security flaw has lead to kids being blackmailed into taking explicit photos of themselvessome have gotten kidnapped, and some children have been mistress charlotte by people they met on Kik.

Not the greatest environment for teens.

The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency teen only chat has also created. Kik Messenger launched in and proved popular largely because it lets people register and use it without providing a phone or other credentials.

As well as fighting in court, Kik Interactive would also mexsage to convert the millions of existing Kin users into more active customers and buyers, Mr Livingstone said.

He acknowledged the difficulty the mdssage would cause as it would mean laying off people who had families and who had "poured their hearts and souls into Kik and Kin for over a decade". The up lanka chat is that simple, and anyone can make up an and a username and totally lie about who they are; on Kik, anyone can be anyone.

In response, Kik said it was "constantly assessing and improving its trust and safety measures". Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation would "kill" its usability and that of other similar crypto-cash systems.

Related Topics. You could be chatting along, having as good a time as you can when sexting on kikand all of a sudden the person gets really aggressive and starts to make threats, ones you could do without.

No date has been given for when the Kik app will close. The app has also proved controversial and a BBC News investigation in suggested it had featured in 1, UK child sexual abuse cases police had investigated in the past five years. Cash community Writing about its decision to switch focus, Kik Interactive founder Ted Livingstone said the company messagge taken the "hard decision" to shut down Kik because it wanted to devote all its attention to the Kin cryptocurrency.

You should never use Kik for sexting, but if you do, watch your back very closely, and if anyone threatens you in any way, block them and stop communicating with them before the kio gets out of your control. This has opened the door to sexters looking to message anyone who is willing to, and frankly, sexting on Kik is a horrible idea.

Sexting can be really great, but when you do it on apps that connect you with strangers, it turns into something that would haunt your nightmares. The decision messagf means that 80 staff who keep Kik running will be let go. The legal row blew up because the SEC wanted the Kin crypto-cash launch categorised in the same way as the initial stock offering for companies that floated on the stock exchange.