NAKA introduces a new decentralized approach to finances, built upon a pioneering blockchain-based payment scheme and a payment card that links to the wallet managed by MetaMask and can be read by any POS terminal worldwide
has developed a new technology that bridges the gap between the traditional payment industry and the blockchain world. It encompasses a unique 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, an acronym representing Europay, Mastercard, and Visa.
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 card is backed by the NAKA payment scheme, a blockchain-based payment network that executes transactions and settlements by relying on smart contracts. This pioneering technology is disrupting the flow of transactions as we know it today.Compatible with the legacy payment industry standards, the NAKA scheme and card have the potential to be used on any conventional POS device.
During its test phase, the NAKA card will be supported at all NAKA point-of-sale locations across Switzerland and El Salvador launching in October and November this year.NAKA cardholders use the NAKA decentralized application to connect their NAKA cards to a wallet, managed by MetaMask and fund their cards with their MetaMask assets or top them up directly with USDt on the Polygon network.
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