Card Network Dependency
Visa and Mastercard handled around 61% of euro area card payments in 2022 (ECB), and up to 95% of UK card transactions run on the two networks.
Agentic Ai-Native Commerce Currency
CRYPTO IS POWERED BY BLOCKCHAIN. KAELUM IS POWERED BY Ai
A Closed-Loop Commerce Currency For Customers, Creators And Merchants, Governed By K.A.T.E.
The Problem
PAYMENTS RUN ON RAILS YOU DON'T CONTROL
Extractive Fees
Merchants pay card fees on every sale, and customers see none of that money come back to them.
Loyalty That Falls Short
Points expire, schemes lock you to one store, and the value is rarely what was promised.
The Answer
ONE COMMERCE CURRENCY, GOVERNED BY Ai
KLM, Fixed At £0.20
You buy KLM at the full fixed price. It does not rise or fall, and it is a commerce currency to spend, not an investment.
6%+ Merchant Discount
Spend KLM with participating merchants and creators for a 6%+ discount on the goods. A 4.5% platform transaction fee applies.
Governed By K.A.T.E.
K.A.T.E. governs every transaction, and sensitive actions pass human approval gates. K.A.T.E. governs the rails. You govern the spend.
KAELUM is a closed-loop arrangement which we consider falls within the exclusion at regulation 3 of the UK Electronic Money Regulations 2011. An independent legal opinion has not yet been obtained.
Who It's For
BUILT FOR THREE KINDS OF PARTICIPANT
Customers
Spend Smarter
Buy KLM at the fixed price and get a 6%+ merchant discount when you spend it at participating merchants and creators. A 4.5% platform transaction fee applies.
Creators
Sell To Your Audience
Turn your audience into a direct commerce channel with Social Paylinks and Commerce Drops, with K.A.T.E. insights on what to promote next.
Merchants
Accept KLM
Accept KLM online and in person, with no card interchange on KLM payments and commerce insights from K.A.T.E. on every sale.
Why Now
THE PAYMENTS MARKET IS CHANGING
February 2026
The CEO of the European Payments Initiative called urgently for alternatives to Visa and Mastercard; ECB President Christine Lagarde echoed the call.
Source: Financial Times
August 2026
The government set out a statutory secondary objective for the Bank of England to support innovation in payments and new forms of digital currency, through the Financial Services and Markets Bill.
Source: City AM, 27 August 2026
September 2026
UK Payments Delivery Company launched a £50M raise, backed by 19 firms including the four largest UK banks, to build a domestic account-to-account alternative to the card networks.
Source: Sky News; City AM
Public reporting on the payments market. These are not endorsements of KAELUM.
Get The E-Book
The Rise of Agentic Ai Native Commerce Currency is a plain-English guide to a new kind of money: non-crypto, closed-loop, governed by Ai and built to be spent. It is free to read.
Download The E-BookFAQ
COMMON QUESTIONS
No. KAELUM uses no blockchain, has no exchange listing and cannot be traded. KLM is a closed-loop commerce currency for spending with participating merchants and creators.
Questions not covered here? Start here or ask K.A.T.E. using the button in the corner.