NAGA has set a big foot in crypto-world by the end of 2017. This monetary ecosystem with a fiat-based functioning decided to launch a worldwide accepted Crypto-Debit card. 10,000 cards had been released in row for the starters and more than 70% of them were claimed in first few minutes. NAGA claims it to be the first fully-functional card to allow for funding by any Cryptocurrency and plans to make it the first internationally-recognized crypto debit card. NAGA makes it motives crystal clear. One of the biggest issues of Cryptocurrency is that it is not accepted worldwide. This debit card makes a way for crypto-family to use their profits and cryptos anywhere just like they use fiat money.
NAGA had a huge success launching its ICO last year and seems promising with launch of Crypto-cards and further events like NAGA wallet and Crypto-desk. The company has millions of Euros as its yearly revenues and billions in case of trading volumes. It already has its loyal user base who believes in its technology. Moreover NAGA is backed by the largest private investment conglomerate from China, FOSUN4, who is NAGA’s main shareholder. NAGA has enough potential to come up with its success rate and help crypto-world boom.
For the international use of the card, Master card FSC has been chosen which adds another feature of acceptability of many kinds of crypto and fiat currencies. Distance between financial systems and Crypto will increase with an increase in acceptance of such cards. NAGA coin owners can profit out of this deal to its maximum. The transaction cost and time taken to process it will be reduced to the minimum with the use of NAGA coins though this debit card. Another group which can posses same profits include users of Switex i.e. a gaming centre. Earnings from this platform by selling virtual gaming programs can be spent out to buy grocery, clothing or anything through this card. No funding limits have been set by NAGA.
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A person from the team explains in a video that owning Crypto-debit card in pre-sale is not easy. There is a huge demand and less supply for a time being. So NAGA decided to give it to the person who is capable of it and deserves the same. The criteria include sending personal details to the company. Moreover a good bank balance can be added as a plus point to be a preferred person. Registration for the same is compulsory and 2-3 days of maximum time is taken by the company to verify the account. Whole process is managed though a secure message service for confirmation of sensitive details like CVV or Expiry date. The plastic card can be free for the first users and users with more than $5000 in their accounts.
Countries like Australia, South Africa, Japan and India have been chosen to have full access NAGA services whereas US and Canada have been delayed due to specific regulations. Many other crypto-debit cards like wagecan, wirex, cryptopay, coinbase and bitwala have already existed in the crypto-sphere with their own properties and mechanisms. But NAGA debit card has been different from all of these and better in it specifications, more functionalities and easy accessibility than any other crypto debit cards existing. NAGA master card can be a huge turnover to the crypto-world and can bring a lot of changes once brought in the limelight.
