In an era of rapidly evolving financial technologies, a game-changer has emerged, promising to revolutionize the way we conduct transactions and manage our finances. NAKA, a forward-thinking company, is at the forefront of this financial revolution, introducing the world to its groundbreaking self-custodial payment card and blockchain-based payment scheme.

Bridging the Gap Between Traditional Finance and Cryptocurrencies

NAKA’s innovation represents a significant step in bridging the gap between traditional finance and the blockchain world. At its core is a unique payment scheme driven entirely by smart contracts, complemented by a self-custodial payment card that requires no intermediaries or banks. The beauty of this system lies in its compatibility with the EMV standard, the gold standard in the payment industry representing Europay, Mastercard, and Visa. This compatibility opens the doors for NAKA to work seamlessly with virtually any point-of-sale (POS) terminal worldwide.

Pioneering Testing in Switzerland and El Salvador

To validate the effectiveness of NAKA’s cryptocurrency and card payments, the company has chosen two strategic locations for its initial testing phase: Switzerland and El Salvador. These regions have already established robust infrastructure for accepting Bitcoin payments at POS terminals, making them ideal testing grounds. NAKA’s payment acceptance system will not only support Bitcoin on the Lightning Network (LN) but also the stablecoin USDt on the Polygon, Tron, and Ethereum networks, enhancing its versatility and usability.

NAKA Card: Empowering Financial Freedom

At the heart of NAKA’s innovation is the NAKA card, a self-custodial payment card accessible to anyone. This card connects seamlessly to a non-custodial wallet, allowing users to take full control of their funds. This empowering feature opens the door to decentralized financial services, benefiting both the unbanked population and those who seek an alternative to centralized financial institutions.

The NAKA Difference

One of the standout features of NAKA is its compatibility with existing payment acceptance infrastructure. Unlike many other blockchain-based solutions, NAKA seamlessly integrates with legacy payment industry standards. This means that the NAKA scheme and card have the potential to be used on any conventional POS device.

During the testing phase, NAKA cards will be supported at all NAKA point-of-sale locations across Switzerland and El Salvador, starting in October and November of this year. This means that users in these regions will be among the first to experience the convenience and security of NAKA’s self-custodial payment card.

Empowering the User

The NAKA card is truly self-custodial. NAKA cardholders have the freedom to manage their cards using the NAKA decentralized application (dApp), connecting to a wallet managed by MetaMask. Users can fund their cards with their MetaMask assets, including USDt on Polygon. Alternatively, they can top up their cards directly with USDt on the Polygon network. This flexibility gives users full control over their financial assets.

NAKA: Opening Doors for Issuers

Perhaps one of the most remarkable aspects of NAKA is its inclusivity. Anyone can issue the NAKA card without the need for additional licenses. Legitimate companies can become primary issuers by communicating directly with NAKA, or they can partner with NAKA as sponsoring issuers. This openness ensures that NAKA’s financial empowerment is accessible to a wide range of businesses and organizations.

Where Can You Experience NAKA?

The official launch of the NAKA card is scheduled for the Plan ₿ Forum in Lugano, Switzerland, on October 20th and 21st, 2023. During this event, NAKA’s CEO, Dejan Roljic, will perform the first-ever transaction with the NAKA card live in Villa Ciani. Those attending the two-day event will have the opportunity to become among the first NAKA cardholders, allowing them to explore card payments with USDt across the venue and the entire Lugano region.

NAKA: Powering Bitcoin Cities

Following the official launch, NAKA will extend its support to three Bitcoin Cities around the globe: Lugano, Switzerland; San Salvador, El Salvador; and Ljubljana, Slovenia. This expansion marks the beginning of NAKA’s journey into various markets, where it aims to redefine financial empowerment.

In conclusion, NAKA’s self-custodial payment card and blockchain-based payment scheme are pioneering innovations that promise to change the way we think about finance. By seamlessly integrating with traditional payment systems, empowering users with self-custodial control, and offering accessibility to issuers of all kinds, NAKA is breaking down barriers and forging a path toward a more inclusive and decentralized financial future.