NAKA products were created with financial empowerment and inclusion in mind. Through NAKA, not only individuals, but entire generations can take a step towards financial freedom. The solution is specially designed to serve those living in the high-inflation markets, the unbanked population, and the population that is dependent on remittance.

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Solution for residents in high-inflation markets

People living in high-inflation markets often face challenges in maintaining their standard of living, as their incomes may not keep pace with the escalating costs. Certain markets in Latin America are exposed to inflation rates exceeding 100%.

NAKA solutions assist individuals in high-inflation regions in preserving the true worth of their efforts. By obtaining their assets in the Tether (USDT) stablecoin, their earnings remain shielded from the effects of local currency inflation.

Solution for the unbanked population 

Based on the Global Findex database, around 24% of the adult population globally lack an account with a financial institution or a mobile money service, due to many factors like lack of access to banking infrastructure, low income, lack of documentation, and more.

NAKA enables individuals without access to traditional banking, who predominantly use cash, to instantly manage, receive, and utilize their earnings. Through NAKA, they can now tap into financial and social services such as receiving salaries digitally, savings accounts, loans, pensions, and other amenities that many globally consider standard.

Remittance inclusion‍

Individuals dependent on remittances often rely on funds sent by family members or friends working abroad to support their daily living expenses, education, healthcare, and other essential needs. For many in developing countries, remittances serve as a crucial lifeline, often surpassing foreign aid as a source of external financing. These inflows can play a significant role in the recipient's household economy, helping to alleviate poverty and improve their overall quality of life. However, the cost of sending remittances, especially through traditional banking channels, can be high, prompting the need for more affordable and accessible remittance solutions.

That is where NAKA comes in. NAKA’s solutions enable users to securely transfer money directly to their relatives' NAKA cards, leveraging the power of blockchain technology. The remittances are facilitated through a direct peer-to-peer method, bypassing any superfluous intermediaries and consequently lowering transaction fees. Additionally, this service operates around the clock, ensuring that recipients have complete control and ownership of the funds they receive.

‍Get started with NAKA and secure your card now by joining the waitlist, and take a step towards financial freedom.