MyBucks And Naga Group Team Up To Bring Cryptocurrencies To Emerging Markets

Fintech corporations MyBucks and the Naga Group have introduced a brand new partnership to implement Naga’s cryptocurrency pockets inside MyBucks’ shopper interface and present cellular pockets, enabling some 1.5 million customers throughout Africa, Australia and different nations to handle, ship and obtain cryptocurrencies.

The Naga Wallet will present MyBucks customers with a strategy to entry and handle crypto property. Among different options, customers will be capable to ship and obtain cryptocurrency funds by way of e mail and convert these into money. The know-how will also be used for inventory buying and selling and monetary investments.

The two corporations stated in a assertion that they hope the brand new service will convey cryptocurrencies to the mainstream, and particularly to unbanked populations in Africa and different rising and frontier markets.

Benjamin Bilski, the founder and govt director of the Naga Group, stated:

“We believe that this partnership will not only bring benefits to both platforms’ communities but will also bring new opportunities for the underbanked. It is also one of the first proof of concepts that highlights how blockchain technology for certain problems, such as remittances in our case, is a superior solution and disrupts even traditional tech companies.”

For MyBucks, a client lender listed in Frankfurt, the deal would assist the agency enter the remittance enterprise between Europe and Africa and advance its purpose of turning into a “fully inclusive” digital financial institution.

For the Naga Group, it opens new markets for its cellular funds and cryptocurrency service. The Naga Group, a German fintech agency additionally listed in Frankfurt, has a bunch of merchandise specializing in the areas of monetary markets, digital items and cryptocurrencies. The newly launched Naga Wallet guarantees quick and low cost cryptocurrency transactions and helps a number of cryptocurrencies together with Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash.

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<figcaption class="wp-caption-text">Naga Wallet</figcaption></figure>

The Naga Group additionally plans to launch a Mastercard debit card later this yr that may help each nationwide currencies and cryptocurrencies.

Besides the partnership with MyBucks, the Naga Group has additionally teamed up with Changelly to permit customers to transform and change cryptocurrencies straight by way of their dashboard. Changelly is an instantaneous cryptocurrency change service much like what ShapeShift has been offering. The startup claims to be serving two million customers and powering greater than 15,000 weekly transactions.