The founder of an online bank has accused social media giant Facebook of stealing his company’s logo for their new crypto project Calibra. This is the latest eyebrow that has been raised since Zuckerberg and co decided to take on the world’s banks with their latest offering.
According to a report by CNBC, Wall Street trader turned start-up CEO, Stuart Sopp said he sought the help of a San Francisco based design firm called Character to create the logo for his company in 2016. Apparently the same firm also worked on Facebook’s secretive crypto project which was unveiled earlier this week.
SAME SAME BUT DIFFERENT?
There is no doubt that the two logos are uncannily similar and Sopp was not amused telling the news outlet;
“This is a funny way to try and create trust in a new global financial system – by ripping off another fintech firm. Facebook has all the money and resources in the world. If they truly wanted to make banking more inclusive and fair, they should’ve come up with their own ideas and branding, like we have.”
The report added that neither Facebook nor Character responded when contacted for comments. It isn’t the first time the web monopoly has made a questionable move. Funny that last year Facebook bans all crypto advertising and then coincidentally launches its own crypto coin the following year.
The fintech startup Current is a minnow compared to Facebook; it has just 45 employees and 350,000 accounts. Sopp has a similar vision in that the current banking system is bloated, expensive and impersonal. His firm started offering products to teens and has expanded to zero fee accounts for gig economy workers.
He added that they spent months working on the concept for the logo which represents a wave symbolizing the movement of both money and people.
“We put six months of hard work into this with that design firm, which they basically reused for Facebook without changing much. Facebook is a big company that should have done their due diligence on this.”
The big question raised over the Libra crypto project is one of trust, and this latest incident proves it even further. Facebook can barely be trusted with personal data, and recent scandals such as Cambridge Analytica serve as testament. What billionaire Zuckerberg and his consortium of tech giants will do with a currency that a potential 2 billion people may be using is the stuff of nightmares. As Bloomberg aptly put it last month “more than 2 billion users spending one currency, controlled by one billionaire. What’s to worry about?”
Should Facebook be trusted with crypto? Add your thoughts below.
Interest rates in many countries around the world are still languishing at near-zero levels since the last financial crash. Which doesn’t leave much space to move in the event of, say, the next financial crash. At least as far as cash is concerned. So the Intentional Monetary Fund (IMF) have been looking at solutions to make negative interest rates a viable option.
Less Than Zero
Recessions require tough measures, which has historically resulted in around 3-6 percent cut from interest base rates. But with many nations still maintaining near-zero rates from the last financial crisis, that doesn’t leave them much wiggle room.
The problem, of course, is cash, which has a lower-bound interest rate of zero by design. A negative base rate would necessitate commercial banks to either compress their margins or charge interest on deposits. And charging negative interest on deposits would likely cause a mass withdrawal of cash.
The IMF notes that:
…instead of paying negative interest, one can simply hold cash at zero interest. Cash is a free option on zero interest, and acts as an interest rate floor.
So why don’t we just get rid of cash?
A cashless society would not be limited by a lower bound on interest rates of zero percent. Central banks could reduce the rate to a negative figure, forcing consumers to pay interest on deposits. This would encourage investing or simply spending money as a preferable option, boosting the economy.
But if cash exists then this cannot happen. People would simply hold cash at zero percent interest rather than paying for bank deposits in safes and mattresses.
Interestingly, countries such as largely-cashless Sweden have already pushed rates slightly below zero. The inconvenience and expense of taking out and holding large amounts of cash has deterred most depositors from doing so.
But cash still plays a significant role for payments in many countries such as Japan, Switzerland and Hungary. People kinda like the ‘P2p’ (person-to-person) nature of it.
The solution proposed by the IMF would be to enact a divorce between cash and electronic money, creating two separate currencies. In doing this, a central bank could make cash as costly as a bank deposit with a negative interest rate.
Sounds great, doesn’t it? How can we make cash more costly? But it’s all to maintain the inflation target at all costs, according to the IMF. An excerpt reads:
While a dual currency system challenges our preconceptions about money, countries could implement the idea with relatively small changes to central bank operating frameworks. In comparison to alternative proposals, it would have the advantage of completely freeing monetary policy from the zero lower bound. Its introduction would reconfirm the central bank’s commitment to the inflation target, rather than raise doubts about it.
Anyway, the electronic currency (e-money) would pay the policy rate of interest (either positive or negative). Then cash would have an exchange rate to the e-money. In times of negative interest, the cash exchange rate would depreciate at the same rate as the negative interest.
Prices would be advertised separately in e-money and cash, so in terms of goods or e-money, there is no benefit to holding cash.
“This dual local currency system would allow the central bank to implement as negative an interest rate as necessary for countering a recession, without triggering any large-scale substitutions into cash,” the post reads.
Or you could always take your suitcase full of cash to a shady geezer you met on LocalBitcoins, and swap it for some shiny inflation-free Bitcoin.
Seriously. When the banks cause another financial crash, then tell us that they want to make all our money worthless. At that point, will anyone still have any faith at all left in the banking system?
It’s no wonder IMF’svery own head, Christine Lagarde, thinks fintech will “shake the financial system.”
Will central banks succeed in phasing out physical cash in the next 10 years? Share your thoughts below!
International Monetary Fund Head, Christine Lagarde, told the World Economic Forum in Davos, “fintech is going to shake the system.” She also urged against relying on central banks in the next financial crisis, at the CNBC-hosted panel.
Central Banks Have Very Limited Ammunition
Her comments followed UBS CEO, Sergio Ermotti, saying that he hoped “we don’t rely on central banks to resolve the issues,” in the wake of another crash. He suggested that some central banks have “very limited ammunition,” while others perhaps had a bit more flexibility.
Lagarde concurred that,
It would be very nice if the economies at large didn’t have to rely on the central banks yet again in order to resist the next shock.
She singled out Mark Carney of the Bank of England, and Jay Powell of the Federal Reserve, as two of the very few central bankers who have a little bit of space to maneuver in the wake of the next downturn.
Complete Reforms While The Going Is Good
Both Lagarde and Ermotti suggested that it was important to complete reforms while the economic environment is good. Central Banks took unprecedented measures to stimulate lending and economic growth after the 2008 crash (by printing a record amount of money).
However, a belief that this fallback will always be there, can lead to complacency, meaning critical reforms are never implemented.
Ermotti said that countries must “take the bitter medicine” and implement changes that would benefit their citizens. Lagarde urged policymakers to “take the right course of action” on reforms. Although work had begun, this in some cases barely scratched the surface. It is essential to complete these critical reforms and that they go deep enough.
Fintech Is Going To Shake The System
Lagarde concluded by saying that banks needed “purpose” beyond just the single-minded pursuit of profit. She warned against complacency regarding fintech, which includes virtual currencies and bitcoin, that she said would “shake the system.”
Repeating her view that a regulated fintech with AML measures and consumer protections was a positive force, she continued to say that many large banks realized this, and were either incorporating fintech companies or moving in the same direction themselves.
Of course, Bitcoin didn’t exist at the time of the last financial crisis. In fact, it was ‘spawned’ as a direct response to it, according to ECB Executive Board member Benoît Cœuré.
Meanwhile, adoption is always accelerated by national economic failures and unrest. The next global financial crash could provide a key momentum swing, leading to the eventual collapse of banks that have indeed become complacent with their monopoly over money creation.
Do you agree with Lagarde in the disruptive power of fintech? Share your thoughts below!
According to Japan’s Payment Services Act and the Fund Settlement Law, cryptocurrencies are considered a method of payment that users do not need to pay taxes for. Meanwhile, stablecoins do not meet these criteria as the majority of the current dollar pegged digital assets have varying characteristics, and the lack of a uniform set of characteristics makes it impossible to categorize them.
JVCEA Cannot Regulate Stablecoins
Under the Payment Service Act, stablecoins fail to meet the current criteria for classifying as a “virtual currency” and an FSA spokesperson said, Due to [varying] characteristics [of stablecoins], it is not necessarily appropriate to suggest what those companies need to obtain or register before issuing stablecoins.”
Interestingly, while the FSA recently ceded authority to Japan’s Virtual Currency Exchange Association (JVCEA) by granting the collective the authority toself-regulateJapan’s cryptocurrency exchanges, the JVCEA will not be able to regulate stablecoins as they have been determined to not be cryptocurrencies.
It appears that the task of regulating stablecoins to will fall to the FSA and regulators will need to analyze each stablecoin on an individual basis.
Do stablecoins function the same as non-fiat pegged digital assets? Share your thoughts in the comments below!
The UK could compromise its fintech sector with “very blunt instrument” regulation currently under consideration, a new report from several industry entities warns.
‘Ashamedly Geared Around Bitcoin’
As local news outlet the Telegraph reports October 29, the report criticizes plans to award more power to regulator the Financial Conduct Authority (FCA) and says treating all cryptoassets in the same way as Bitcoin was counterproductive.
“Bad regulation is worse than no regulation at all,” the Telegraph quotes it as reading, adding that the extant proposals are “ashamedly geared around Bitcoin.”
Politicians had lobbied for wider FCA jurisdiction in September, six months after the regulator had launched a dedicated “task force” with the remit of formalizing the domestic space.
Far from increasing security and consumer protection, however, one of the report’s authors argues a laissez-faire attitude would be considerably more beneficial for a sector which is only just beginning to mature.
“It is a very blunt instrument approach and I haven’t seen this in other countries,” Patrick Curry, chief executive of the British Business Federation Authority (BBFA) commented about the plans.
The use of this technology is still a voyage of discovery and these technologies are being refined for different types of use. My concern is the law of unintended consequences.
The government had pledged to make London a home for fintech in the coming years, sounding out concerns that Brexit would make the city an unattractive place for innovative newcomers.
At the same time, the Bank of England has said it is open to the concept of a self-issued national digital currency while also claiming that cryptocurrency poses “reputational risks.”
“Crypto-assets also raise concerns related to misconduct and market integrity,” Deputy Governor Sam Woods wrote in June.
Many appear vulnerable to fraud and manipulation, as well as money-laundering and terrorist financing risks.
What do you think about the UK’s cryptocurrency regulation plans? Let us know in the comments below!
Gary Gensler was chairman of the U.S Commodity Futures Trading Commission (CFTC) between 2009 and 2014, right after the global financial crisis. Today, Gensler is part of MIT’s Digital Currency Initiative, lecturing students on blockchain technology and cryptocurrencies.
Gensler was instrumental in dealing with some of the cleanup from the global financial crisis of 2008. He implemented new regulation whilst at the U.S CFTC for the unregulated swaps market which played a central role in the crisis. His work at the U.S CFTC was successful and the new oversights were implemented in advance of other regulators taking actions to mop up after the crisis.
Teaching Blockchain and Cryptocurrency at MIT
After leaving the CFTC Gensler became finance chairman for Hillary Clinton’s 2016 presidential campaign and bid. Gensler has now joined the Massachusetts Institute of Technology (MIT) Sloan School of Management and lectures on blockchain technology and cryptocurrencies.
Bullish on Blockchain
In a recent interview with TheWall Street Journal, Gensler confirmed he is “bullish” when it comes to blockchain, describing it as mimicking the distributed nature of society. However, his past work at the CFTC has left him with a “sober” eye on fast-growing financial technology.
Despite not being directly involved in U.S politics right now he has agreed to help both Republicans and Democrats in matters of cryptocurrency regulation.
Regulators Need to Bring Clarity
Speaking at the MIT Technology Review’s Business of Blockchain conference in April 2018, Gensler said that government officials needed to look toregulatethe larger cryptocurrencies as well as new ICO tokens. “The SEC and regulators need to bring clarity,” said Gensler, many cryptocurrencies “are operating outside of U.S. laws.”
Gensler was quoted in a subsequent debate overRippledescribing it as a “noncompliant security” due to its centralized distribution model.
The CFTC is Better Placed to Regulate the Sector
Last week, July 19, 2018, Gensler spoke at U.SCongressionalhearings on cryptocurrencies and blockchain technologies giving five reasons why he believes blockchain technology can make a real difference in the financial sector.
Gensler said blockchain lowers costs and risks and can give stability and prevent illicit activities if regulated. But, the U.S Securities and Exchange Commission (SEC) and U.S CFTC have a role to play as the ICO market is ripe with scams and fraud and there are gaps in U.S law, especially when it comes to exchanges.
Gensler also believes the U.S CFTC is better placed to regulate cryptocurrency markets.
Do you agree with Gensler? Who is better placed to regulate cryptocurrencies in the U.S, the CFTC or the SEC? Let us know what you think in the comments below.
Flow Traders NV, Europe’s largest exchange-traded funds (ETF) trader has begun buying and selling Bitcoin and Ethereum exchange-traded notes (ETN). The company becomes the first to reveal its participation in any cryptocurrency ETN. The big question now is, when will a Bitcoin ETF become a reality?
Buying and Selling Bitcoin and Ethereum ETNs
An ETN isn’t all that different from an ETF. The principal difference between the two is that ETFs are investments in funds that track the price movement of an asset whereas ETNs are more like investing in bonds.
Flow Traders is trading in the Bitcoin and Ethereum ETNs launched by XBT Provider in 2015 and 2017, respectively. XBT is listed in Sweden with an asset management portfolio north of $1 billion.
This news of a cryptocurrency ETN listed on a regulated exchange is perhaps the most significant virtual currency news since the emergence of Bitcoin futures trading in December 2017. For one thing, it is yet another investment vehicle that is right up the alley of institutional investors.
Many analysts and commentators have identified the entry of institutional money into the cryptocurrency space as the next milestone in the growth of the industry. Investment products like futures, ETNs, and ETFs provide a much more viable option for these investors than the usual cryptocurrency trading market.
Commenting on the development, Dennis Dijkstra, the co-CEO of Flow Traders NV said:
People underestimate crypto. […] It’s big, and it is to be regulated very soon. The market participants are much more professional than people think. Institutional investors are interested – we know they are because we get requests.
How the ETN Works
As a high-frequency trader (HFT), the company plans to hedge each trade as quickly as possible regardless of the direction of the Bitcoin and Ethereum price movements. To do this, Flow Traders is hedging its ETN with CME and CBOE futures contracts. All of these, in theory, should lower slippage while increasing liquidity.
According to Dijkstra, the approach holds immense benefits for the company. He did not provide any details concerning whether the Flow Traders will utilize Bitcoin or Ethereum to hedge each trade, however.
The Quest for Bitcoin ETF
With an ETN already a reality, perhaps a Bitcoin ETF might be a possibility in the not so distant future. So far, the United States SEC has remained unwilling to approve any of the Bitcoin ETF proposals it has received.
The narrative was that the emergence of futures trading would herald the dawn of Bitcoin. However, half a year has come and gone since then and still no favorable decision from the SEC has been forthcoming. In June 2018, two prominent firms; VanEck and SolidX decided to collaborate with the hope of standing a better chance to obtain the much sought-after SEC approval for cryptocurrency ETF.
Will the trading of Bitcoin and Ethereum ETNs help pave the way for a Bitcoin ETF? Let us know what you think in the comments below.
Stock brokerage Robinhood launched no-fee cryptocurrency trading in February 2018 and intends to operate cryptocurrency trading as a breakeven business.
Robinhood created its commission-free stock brokerage in 2013, providing major competition to existing fee-based trading platforms. Instead of making money from commission fees on stock and cryptocurrency trades, the company takes its profits from interest earned on cash balances, margin lending, and its premium services.
Free Cryptocurrency Trading
When Robinhood first announced at the end of January 2018 that it would be launching zero-fee cryptocurrency trading, reactions within the crypto and financial communities were swift. Within just four days of the announcement, more than one million people had signed up for early access to the Robinhood Crypto app. In the days following the app’s official launch in February, growing interest and excitement sparked a flood of new customers – as many as 200,000 per day.
With such a massive influx of new users eager to trade cryptocurrencies, it would be tempting for any exchange to update their policy and charge at least a nominal trade fee, but Robinhood is sticking to its guns.
Vlad Tenev, Robinhood founder and co-CEO told Fortune:
We don’t intend to make very much money on it at all for the foreseeable future.
Tenev’s comment reinforces a similar statement made in the company’s announcement back in January in which he explained some of the reasoning behind the decision:
The value of Robinhood Crypto is in growing our customer base and better serving our existing customers.
Aiming for Breakeven
In an episode of Balancing the Ledger, Tenev explains that Robinhood is operating its cryptocurrency trading arm as a breakeven business. It is a move reminiscent of Square offering its users zero-fee Bitcoin trading through its Cash app earlier this year. In fact, Square recently announced that it made just $223,000 more on Bitcoin sales than it originally paid for the coins in Q1 2018.
So why aim for breaking even? As Tenev and his co-CEO, Baiju Bhatt, explain, they view cryptocurrencies as an entry point onto their platform for new traders. The theory is that new traders will come to the platform initially for cryptocurrency trading, but then expand their interests to the other more traditional assets on which Robinhood reaps higher margins.
Building an Ecosystem
With a current valuation of around $5.6 billion, Robinhood is the second most valuable private fintech company in the world with over 4 million customers trading stocks, ETFs, and cryptocurrencies.
Speaking about the decision to introduce cryptocurrency trading, Tenev explained:
The thinking behind that is what we’re really doing is building an ecosystem. Right now, the products are investing products, so crypto slots in very nicely alongside the 10,000 plus other instruments that people can trade.
Financial Services Customers Are Getting Ripped Off
Tenev believes commission fees are outdated, especially considering the lower costs of operation of modern online exchanges and brokers. Robinhood’s approach is to use technology and automation to reduce costs for customers and it aims to eventually compete with Bank of America across all financial products.
I think it doesn’t stop with just investing products. Customers are getting ripped off across the board in financial services.
Robinhood is planning to add more cryptocurrencies to its existing trading of Bitcoin and Ethereum but is wary of regulatory uncertainty. It will also assess new coins thoroughly.
Do you agree with Tenev? Are traditional financial service providers ripping customers off? Let us know in the comments below.
Block.One, the developer of the EOS blockchain platform, has raised more than $4 billion through a yearlong sale of EOS tokens, which makes it the largest fundraising of its kind, as The Wallstreet Journal reports.
This is more than twice the size of the next largest coin offering ever of Telegram, which raised $1.7 billion, and larger than all but two of the world’s initial public offerings on stock exchanges so far in 2018. Block.One still owns 10% of all EOS tokens, adding approx. $2 billion to its balance sheet, making it one of the most well-capitalized blockchain companies worldwide.
EOS is a so-called platform token, which represents an operating system – comparable with Microsoft’s Windows OS for computers or Google’s Android for mobile phones – for the blockchain. The best known platform-token so far is Ether, the token for the Ethereum platform. The rivalry between the two systems is also a fundamental discussion between “Proof of work” (PoW) and “proof of stake” (PoS), which are two algorithms by which a cryptocurrency blockchain network aims to achieve distributed consensus.
PoW-based cryptocurrencies use computationally intensive puzzles in order to validate transactions and create new blocks. New tokens are created by “mining”, which equals use of energy. It makes those networks slow and expensive. There are ideas discussed at the moment how to mitigate those problems, but the general problem – that new tokens are created by mining, which imposes costs and limitations – cannot be changed. In contrast, in PoS – based cryptocurrencies, the creator of the next block is chosen via various combinations of random selection (i.e. the stake). Those platforms have no capacity issue and very little transaction costs.
One of the critical success factors for any of these platforms is to create a vivid ecosystem in a short period of time and to attract programmers and entrepreneurs who intend to build so-called dApps (decentralized apps) on those platforms. In order to boost the EOS ecosystem, Block.One has pledged to invest more than $1 billion in startups building on EOS. The funds are channeled via a variety of partnerships with renowned venture funds like Mike Novogratz’s Galaxy Digital, Eric Schmidt’s TomorrowVentures and Christian Angermayer’s FinLab. Novogratz and Angermayer (via his holding Cryptology Asset Group PLC) are also shareholders of Block.One.
While the best way to profit from the EOS success is to hold EOS token, FinLab, which is listed on the Frankfurt Stock Exchange (international securities number: DE0001218063) is a good indirect way to participate in the EOS success story.
NAGA’s extensive ecosystem provides a truly diversified portfolio of proven use cases and value drivers. Here’s everything you need to know about one of the most impressive platforms in the cryptocurrency space, today.
At the heart of NAGA is the platform’s unique cryptocurrency token, the NAGA COIN (NGC).
NGC’s claim to fame is that it successfully decentralizes cryptocurrency for traditional financial markets, virtual goods, and cryptocurrencies. In doing so, NGC eradicates investor reliance on greedy banks and corporations, which control access, operate opaquely, and charge large fees while taking unhealthy cuts of the profits.
The benefits of holding the NGC token are many, including:
Reduced trading fees on NAGA TRADER, as well as on every asset using an NGC account. For example, NGC users will pay 50% less on trading commissions for each trade they perform on NAGA TRADER.
Cashback on a per-trade basis performed by NAGA TRADER using an NGC account.
Double crediting of copy bonuses on NAGA TRADER using an NGC account.
Lower trading fees for every asset listed on NAGA VIRTUAL.
Membership in the NAGA VIRTUAL Cashback Program.
Payment method for all NAGA Academy courses
Discounted purchase of ad credits for the NAGA VIRTUAL and NAGA TRADER AdManager.
Community status and free access to paid and premium content.
Users also benefit from the digital transformation of the largest industries in the world.
Unlike other tokens with minimal use cases or little more than lofty promises, NGC is already live and has proven to be successful. In fact, it is already trading upwards of $2 million daily. On May 23, the 24-hour trading volume was $15 million.
NGC has also recently been listed on the popular cryptocurrency exchange Bittrex and has been integrated into the exchange service Changelly. NGC can also be bought and sold on other major cryptocurrency exchanges, such as Upbit, HitBTC, and OKEx, as well as IDEX and Cobinhood.
NAGA COIN also integrates seamlessly with NAGA’s social/trading network, NAGA TRADER.
NAGA TRADER allows users to trade 700 markets in real-time, including cryptocurrencies, stocks, and forex and supports the funding of trading accounts with cryptocurrencies.
NAGA TRADER users also have access to the NAGA CARD, which allows for the withdrawal of trading profits via a shopping-friendly card which is usable both online and offline, home or abroad.
The social aspect of NAGA TRADER is what really sets the platform apart, however, as it allows for public and private chats, the automatic copying of the platform’s best traders, and the use of CYBO, a self-learning algorithm which manages your portfolio 24 hours a day.
NAGA TRADER’s News Feed also continually updates to show users the most relevant news stories as they break, while NAGA TRADER Protector™ helps you to limit your risk and secure your trading profits automatically.
Finally, the latest update to the NAGA TRADER app has added, in addition to improvements regarding stability and security, a fully-automated verification process with face recognition.
In April, the NAGA team launched its new-and-improved NAGA WALLET — well ahead of its roadmap’s scheduled release.
Featuring ultra-low fees, the NAGA WALLET is a cutting-edge cryptocurrency wallet that allows users to securely store five of the world’s leading digital assets: Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Bitcoin Cash (BCH), Ethereum (ETH), and NAGA Coin (NGC). Most recently, Ripple (XRP) users have also benefited from the cryptocurrency’s addition to the NAGA WALLET. Additionally, it supports all ERC-20 compatible tokens.
The highly versatile wallet is NAGA’s secure solution to the persistent challenges dogging digital asset ownership, which serve to impede the mainstream adoption of cryptocurrencies. Primarily, it allows for the instantaneous sending of coins and tokens on the blockchain without having to know other people’s wallet addresses. NAGA WALLET users can send coins and tokens directly to their contacts through their email address, removing the need to copy worrisome characters and fret over their accuracy, or worse still, have the address hijacked by malicious codes.
Additionally, NAGA transactions are up to 18,000 times faster than Bitcoin transactions and carry extremely small fees.
The NAGA WALLET is also a multi-currency payment gateway, equipped with a multi-factor authentication system which provides the highest level of security. Of course, the NAGA WALLET also seamlessly interacts with the entire NAGA ecosystem.
NAGA also offers a unique, safe, fair, and modern market called NAGA VIRTUAL (Switex).
NAGA VIRTUAL is primarily focused on offering gamers a platform on which to buy and sell items to and from each other. This, in turn, positively converts the time and effort gamers spend gaming.
NAGA VIRTUAL affords gamers the freedom and ability to trade from different games of different sources (PC, console, mobile etc.), which also benefits the game publishers themselves.
Furthermore, NAGA VIRTUAL offers an individual store for publishers, which serves as a direct income channel and a distribution platform for new items from their games.
Ultimately, this information is merely scratching the surface of what the NAGA ecosystem has to offer the cryptocurrency and traditional investment community — and it’s also just the start. The platform has already launched NAGA ACADEMY in cooperation with a leading Cypriot educational institution, which boasts over 20 years of experience and offers UK-recognized Bachelor’s and Master’s degrees. All tuition fees are payable with NGC.
Soon, NAGA will also add to its diversified ecosystem with the introduction of NAGA CARD, NAGA EXCHANGE, and NAGA WEALTH — illustrating that, when predicting the platform’s future, the best has clearly yet to come.
What do you think of NAGA’s unique and extensive ecosystem? Do you utilize NAGA’s services? Let us know in the comments below!
Images courtesy of NAGA
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