Summary: Kik, a chat app popular with teenagers, launched in 2010. Users flocked to it, and within a few years it was valued at a billion dollars. Then a new competitor came on the chat scene: Facebook. When Kik started struggling to grow their revenue and find new investors, they landed on a wild new idea. Now they’re betting their company’s future on creating their own cryptocurrency.<br><br>Listen to Gimlet's newest podcast, Uncivil, wherever you get your podcasts<br><a href="http://gimlet.media/2yg1htn">Apple Podcasts</a> | <a href="http://gimlet.media/2kKMOTp">Overcast</a> | <a href="http://gimlet.media/2gA6wfR">Stitcher</a> | <a href="http://gimlet.media/2xBYwkp">Pocketcasts</a><br><br><br><br><br><br>
