Introducing NAKA

We are proud to reveal NAKA, the one-of-a-kind set of products and services on which we have been working in the last months. Inspired by Satoshi Nakamoto’s vision of a peer-to-peer network, our new brand NAKA represents an ecosystem of financial services that is decentralizing finances worldwide. With NAKA, we are building a world of financial inclusion through blockchain technology and helping both people and businesses take control of their finances. 

Having mastered decentralized payments through GoCrypto globally, we have now evolved our mission and designed the next level of decentralized financial products and services.

NAKA products serve those who live in high-inflation markets, are unbanked, or rely on remittance to improve their quality of life, and those who lost trust in centralized institutions. Decentralization returns power to the people, making global financial services accessible and affordable to everyone. 

NAKA decentralizes finances

We built NAKA on the foundation of GoCrypto, the biggest and most reliable crypto payment service provider for brick-and-mortar stores. The new NAKA ecosystem represents the next level in blockchain payment technology. It introduces the first-ever blockchain-based payments scheme, a payment card connected to your non-custodial wallet, a dApp for managing your funds, a point-of-sale infrastructure, and more. 

What is NAKA scheme?

The NAKA scheme is a blockchain payment scheme that leverages blockchain technology to streamline payments while adhering to industry standards and best practices. It executes payments using smart contracts, performing both the payment and the settlement simultaneously. The NAKA scheme is open to a diverse range of payment ecosystem participants and offers customizable partnership programs to suit their specific needs.

What is NAKA card?

NAKA card is a blockchain payment card usable with traditional payment systems that users can connect with their non-custodial wallets (currently MetaMask is supported). Users connect their cards and manage their funds through the NAKA dApp - a web3 application that serves as a traditional bank account. 

The NAKA solution is decentralized, so anyone can become a NAKA cardholder and use the dApp. Users can manage their funds through the dApp either by connecting their MetaMask wallet or by directly topping it up with Tether (USDt) on the Polygon network. The NAKA card currently supports Tether (USDt) payments on Polygon at NAKA point-of-sales in Lugano, Switzerland, and El Salvador. It is EMV-compatible, meaning it can be accepted on any POS terminal across the globe.

NAKA card utilizes the NAKA scheme - a blockchain payments scheme that executes payments using smart contracts and without any middlemen.

What is NAKA POS?

NAKA POS is a fully customizable all-in-one point-of-sale technology, designed to accommodate both brick-and-mortar and online stores. This set of point-of-sale solutions supports multiple payment methods - card, digital, and crypto payments - on one device. NAKA POS solutions are hardware agnostic, meaning they can be integrated into any POS terminal, cash register, eCommerce platform, or any other type of point-of-sale application. The range of point-of-sale software is fully compatible with the merchant’s online analytical tool called the Manager which offers a full analytical overview of all transactions, settlements, and exports for accounting purposes.

While traditional card and digital payments are often processed by other providers, crypto payments are powered by NAKA. Our crypto payments network can support any wallet-based crypto payments (ie. Binance Pay, Bitcoin.com Wallet, etc.) or currency-based crypto payments, like Bitcoin on Lightning (BTC-LN) or Tether (USDt) on multiple networks. NAKA’s software is fully configurable which means we can activate, deactivate, add, or remove any currency or wallet following our client's wishes.

NAKA fosters financial inclusion

NAKA products promote financial inclusion and lead individuals toward financial freedom. They empower those who have lost trust in centralized financial institutions and want to follow the vision of Satoshi Nakamoto. What is more, they serve all individuals who live in areas where financial freedom is not a fact but a privilege:

Unbanked population: NAKA products and services empower unbanked individuals, who are currently relying solely on cash, to receive, manage, and spend their earnings instantly. By having access to the NAKA account, they can finally get access to financial and social services like digital paychecks, savings accounts, loans, pensions, and more that are in many parts of the world taken for granted. 

High-inflation markets: NAKA products help people in high-inflation markets to keep the real value of their hard work. By receiving their assets in the Tether (USDt) stablecoin, their earning stay untouched by market inflation. 

Remittance: NAKA products and services enable individuals to send money to their families 24/7 with significantly lower costs.

NAKA is EMV-compatible

We designed a revolutionary approach that makes blockchain-based NAKA products EMV-compatible and gives them a global reach. In other words, the NAKA scheme and NAKA card can be supported on any legacy POS terminal in the future.  

Initially, payments with the NAKA scheme and NAKA card will be available at any NAKA location in Lugano, Switzerland, and San Salvador, El Salvador.  

NAKA Money Unlocked

We have created NAKA to financially empower not only individuals but entire generations of people who are currently not a part of the financial ecosystem that most of us take for granted. With our extensive knowledge and experience from the world of both traditional and crypto payments, we are once again pioneering the next era of financial services. Our suite of innovative products is designed to bridge financial gaps, offering accessible and affordable global financial services to all.

Unlocking your money is unlocking your future. And NAKA is the key.