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The NAGA Group AG is a publicly listed German Fintech that specializes in the development and integration of cutting-edge technological solutions for capital markets and gaming. The company performed Germany´s most successful IPO 2017 only 21 months after its incorporation and launched an ICO two month later. It has a proven and successful track record in on-boarding the most reputable and largest companies in the world as investors, including FOSUN Group, China´s largest private conglomerate or one of Europe´s oldest banks, Hauck & Aufhäuser.
Below is our recent interview with Yasin Sebastian Qureshi, Executive Director at NAGA:
Q: How would you describe NAGA in your own words?
A: NAGA is a long-term project that came into being in 2015. From its inception the aim of our company was to unlock the hitherto untapped potential of today’s modern technology to create a world of abundance. We want to offer our customers innovative and fast digital financial services from one-spot and internationally. Our ecosystem is composed of a Blockchain-based universe that unifies cryptocurrencies, financial markets and virtual goods. To many this combination sounds strange, but in fact these sectors are the largest markets in the world and Blockchain makes the unification of these asset classes possible. With our products we aim to allow people to turn their passion into wealth – no matter for which of these three components.
Q: Who do you address with NAGA and what are the problems you aim to solve with your products?
A: With our products we invite everyone to join a world which is full of abundance. In our view, financial and other resources are not scarce but just a matter of accessibility. Look, today the penetration of mobile phones across the globe is more evenly spread than the number of people who possess a bank account. Yet, according to data from World Bank still 1.7 billion people do not have a bank account; that is 31% of the adult world population. These people remain excluded from saving products, insurance, international markets and convenient payment methods.
Blockchain offers an undreamt-of opportunity to make the global financial system more democratic, more inclusive and eventually more self-determined. Our mission is to be a leading force in the blockchain revolution and to give people access to new markets via smartphones in a simple, comprehensive, safe and transparent way. In doing this, the NAGA Group enables financial inclusion through cross-asset and cross-continental currency, cross-asset trading and exchange platform, as well as a centralized and intuitive interface to unite them all.
Recommended: Q: Can you give us more insights into your solutions?
A: The centerpiece of NAGA is the NAGA Coin (NGC), the first Blockchain-based driver of financial inclusion that unites financial, cryptocurrency and virtual goods markets across the globe. NGC, which is based on Ethereum blockchain, serves as a base currency for all parts of the NAGA ecosystem. It represents one decentralized cryptocurrency for the abovementioned markets who everyone can access globally with a single access point and without a bank. NAGA’s ecosystem is composed of the many parts that are all connected one of our central applications are:
NAGA Trader: is our social trading platform which has been designed to facilitate the trading experience for everyone. Through our trader you get access to over 700 CFD instruments on Cryptos, Forex and other assets.
NAGA Wallet: is multi-currency payment gateway through its in-built exchange you can store, buy, exchange & invest in cryptos using your credit card. The wallet offers 1200 ERC-20 tokens.
NAGA Virtual: is the first legal and open cross-game and cross-platform marketplace for virtual goods. It was created to trade virtual goods or buy directly from publishers.
Just to give you an example: through our products gamers will be able to turn their passion into wealth. Imagine you play a game to upgrade an item you later sell for the higher price for which you initially bought it. You get the revenues on your wallet in form of crypto and invest them into Apple Stocks on the NAGA Trader. The revenues you will get from increasing price in Apple Stocks you put on our upcoming debit card and go shopping in various stores.
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Q: What are your plans for the future?
A: We keep focusing our technology development on user experience, simplicity, peer-2-peer features and transparency to make our ecosystem for financial markets and virtual goods the leading crypto-ecosystem for trading and investing. One of our core projects that will be launched soon is the NAGA Card. With the NAGA Card, people will be able to transfer their profits from NAGA Trader and NAGA Wallet and withdraw as cash at any ATM! Our goal is instant transactions within our ecosystem, as further away as possible from traditional withdrawals.
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