The Movement Network today announced its partnership with KAST, the leading mobile-first payment platform that makes spending crypto as easy as using any payment card anywhere in the world. This partnership marks a major milestone in Movement’s mission to build the People’s Chain: a network designed to solve real problems for users everywhere.
Through this partnership, over half a million KAST users will earn $MOVE tokens with every transaction. All KAST card users can now spend their crypto assets with more than 150 million merchants globally. With every dollar of spend Kast users will earn 4% in $MOVE, on top of existing KAST Points incentives.
This partnership introduces the first dual-rewards structure of its kind: users earn both KAST Points and $MOVE tokens on every purchase. Users will soon be able to claim $MOVE rewards directly in the KAST app, making this the first consumer facing initiative in Movement history.
With stablecoins processing over $9 trillion in adjusted volume over the past year, the timing couldn’t be better. Onchain utility is now entering the mainstream fintech sector, with Visa reporting a fourfold increase in stablecoin-linked card spending in Q4. The problem remains that most crypto cards still operate as one-way bridges, letting users spend crypto without giving them reasons to stay in their respective ecosystems. Movement x KAST changes that fundamentally, creating a true circular economy between everyday commerce and on-chain participation.
KAST is purpose-built for the same audience Movement serves: people who want crypto to work in their daily lives. The platform is mobile-first and designed for seamless real-world payments using stablecoins.
“Move is for money – that was always the vision when Mark Zuckerberg and the Libra team set out to create the Move language. They spent billions creating a next-gen blockchain language for global payments,” explains Torab Torabi, CEO, Move Industries, a core contributor to the Movement Network. “Traditional financial systems have overlooked the global south for too long, leaving billions without access to basic banking services. KAST is the first payments partner building the complete financial ecosystem we envisioned: mobile-first, borderless financial access that works for anyone, anywhere. This is how Movement will power the financial rails of tomorrow.”
For more information about Movement, visit Move Industries and follow @Movement_xyz on Twitter.
About Move Industries
Move Industries is building a community-first Move-based blockchain ecosystem. Led by a team of industry veterans, Move Industries maintains a dual focus on technology and community. The organization intends to return to crypto’s radical roots: giving financial power and opportunity back to the people.
About KAST
KAST is a mobile-first payment platform enabling users to spend crypto anywhere in the world through physical and virtual cards, with a focus on stablecoins and real-world utility.
Source: Move Industries
Disclaimer: This press release was provided by the company or its representatives and is published for informational purposes only. It does not constitute investment, legal, or financial advice.
