MyBucks and Naga Group Team Up to Bring Cryptocurrencies to Emerging Markets
Fintech firms MyBucks and the Naga Group have announced a new partnership to implement Naga’s cryptocurrency wallet within MyBucks’ client interface and existing mobile wallet, enabling some 1.5 million users across Africa, Australia and other countries to manage, send and receive cryptocurrencies.
The Naga Wallet will provide MyBucks users with a way to access and manage crypto assets. Among other features, users will be able to send and receive cryptocurrency payments via email and convert these into cash. The technology can also be used for stock trading and financial investments.
The two companies said in a statement that they hope the new service will bring cryptocurrencies to the mainstream, and in particular to unbanked populations in Africa and other emerging and frontier markets.