Lugano-based FinTech company NAKA has unveiled its blockchain-based payment system and EMV-compatible NAKA card, allowing users to connect their Visa or Mastercard to a non-custodial crypto wallet. The NAKA scheme is already operational in Switzerland and has garnered support from over 300 stores in Lugano. The company plans to expand its solution to El Salvador and Slovenia. NAKA offers a self-custody feature that allows cardholders full ownership of their funds without the need for intermediaries. NAKA’s CEO, Dejan Roljic, emphasized the company’s mission to address financial exclusion and provide economic freedom for all.
Introduction:
NAKA, a Lugano-based FinTech company, has made a significant breakthrough in the payments industry with its blockchain-based payment system and EMV-compatible NAKA card. The CEO of NAKA, Dejan Roljic, announced this exciting development during the Plan B Forum in Lugano, Switzerland. The NAKA scheme has gained support from over 300 stores in Lugano and is set to expand to other countries like El Salvador and Slovenia.
Main Points:
1. How Does the NAKA Scheme Differ from Visa or Mastercard?
The NAKA scheme is a payment network built on blockchain technology that seamlessly aligns with the EMV standard, ensuring compatibility with existing payment systems globally. NAKA transactions and settlements are executed through smart contracts on the Polygon network, providing a user-friendly, rapid, and cost-effective alternative to traditional payment methods. The self-custody feature of NAKA sets it apart, giving cardholders full control over their funds without the need for intermediaries.
2. Dejan Roljic on Financial Inclusion
NAKA’s CEO, Dejan Roljic, addressed the issue of financial exclusion, particularly among the unbanked population, during his speech at the Plan B Forum. He highlighted the lack of options for the unbanked to receive fair salaries, obtain loans, or have access to pensions and healthcare. Roljic sees NAKA as a solution to these problems, providing economic freedom for all.
3. First NAKA Cardholders at Plan B Forum
NAKA showcased its payment system and card during the Plan B Forum event, allowing visitors to witness real-time NAKA card transactions. Some lucky attendees received exclusive NAKA cards pre-loaded with USDt, which were accepted across the venue and the City of Lugano. NAKA also engaged in discussions with potential payment facilitators to expand its partnership network and reach new markets.
Conclusion:
NAKA’s blockchain-based payment system and EMV-compatible NAKA card offer a groundbreaking solution for the payments industry. With its self-custody feature and alignment with industry standards, NAKA aims to drive cryptocurrency adoption and provide economic freedom for all. The company plans to expand its presence beyond Switzerland and is actively seeking partnerships to further its mission.