Lugano, Switzerland, 25 October 2023: Imagine hooking your worldwide accepted Visa or Mastercard to your non-custodial crypto wallet– providing you sole control over your cash, and having the ability to utilize it at any existing point-of-sale, ATM, sales register, e-commerce and more. Meet NAKA.
NAKA made its grand entryway onto the world phase with the unveiling of its groundbreaking blockchain-based payment system and EMV-compatible NAKA card. CEO Dejan Roljic revealed this interesting advancement throughout his closing speech at the Plan B Forum in Lugano, Switzerland.
This minute represents a considerable turning point in the history of payments, as it marks the very first public presentation of an EMV-compatible blockchain-based payment plan and its matching self-custodial payment card, totally lined up with market requirements.
Currently functional in Switzerland, the NAKA plan and NAKA card have actually amassed assistance from over 300 shops in Lugano. This pioneering service is quickly to be offered in El Salvador and Slovenia.
For more details about NAKA, check out the main NAKA site.
How does the NAKA plan vary from Visa or Mastercard?
The NAKA plan is a payment network constructed on blockchain innovation, yet it flawlessly lines up with the EMV (Europay, Visa, Mastercard) basic, making sure compatibility with traditional payment facilities worldwide. This development assists in the combination of blockchain payments into existing payment systems, providing a clear course towards international cryptocurrency adoption.
NAKA payment deals and settlements are carried out through clever agreements on the Polygon network. This procedure is easy to use, quick, and affordable compared to conventional payment deals.
What sets NAKA apart is its self-custody function, approving NAKA cardholders complete ownership of their funds without the requirement for intermediaries when handling their possessions.
Dejan Roljic on monetary addition
NAKA’s CEO Dejan Roljic provided an impassioned speech resolving the alarming concern of monetary exemption, especially amongst the unbanked population. He shared his vision of NAKA as a path to financial liberty, leaving the audience deeply moved.
“Being unbanked does not simply imply not having a payment card. It suggests not having a choice to ever get a reasonable income or having a credit history. It indicates you will never ever get a loan. Having your own apartment or condo is simply a dream, however worst of all, you can never ever get old. There is no pension for individuals who didn’t get their cash through a savings account and paid taxes. When you are old and living unbanked, you require to guarantee you do not get ill. If you get ill, you can’t work; if you do not work, you can’t purchase food, pay lease, or purchase medication.”
— Dejan Roljic, CEO of NAKA
Dejan’s message to the blockchain-savvy crowd was clear: NAKA is on an objective to impact favorable modification in society, and all who share this vision and enthusiasm are welcome to sign up with the journey towards financial flexibility for all.
The speech extended into a panel conversation, moderated by Joe Nakamoto,
2018, BidPixels