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NAKA has developed a new technology that bridges the gap between the traditional payment industry and the blockchain world.
NAKA self-custodial payment card
It encompasses a payment scheme running fully on smart contracts and a self-custodial payment card that is available to anyone without any bank intermediaries.
The NAKA payment scheme and card are fully compatible with the EMV standard, allowing compatibility with virtually any POS system on a global scale.
The initial testing phase for NAKA’s card and scheme will take place in two strategically selected locations: Switzerland and El Salvador.
These regions have established robust infrastructure for accepting Bitcoin payments at POS terminals, making them ideal for testing NAKA’s cryptocurrency and card payments.
The payment acceptance system will support Bitcoin on the Lightning Network (LN) and the stablecoin USDt on the Polygon, Tron, and Ethereum networks, augmenting its versatility and usability.
What is NAKA card?
Designed as a self-custodial payment card that can be obtained by any user. The card connects to a non-custodial wallet and enables its user to manage funds at their discretion.
The card is opening the door to decentralized financial services, benefiting unbanked individuals and those who lost trust in centralized financial institutions.
The card is backed by the NAKA payment scheme, a blockchain-based payment network that executes transactions and settlements by relying on smart contracts.
After the official launch, it will be supported in three Bitcoin Cities across the globe: Lugano, Switzerland; San Salvador, El Salvador; and Ljubljana, Slovenia.
After the initial phase, NAKA will expand to other markets as well.
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