NAKA Card
NAKA · Visa
NAKA Card is a self-custody crypto payment card issued on the Polygon network and spendable on the Visa network. Funds stay in stablecoins in the user's self-custodial wallet and settlement happens directly on-chain (stablecoin as a native settlement primitive), which is why NAKA classifies the model as non-custodial. Transactions require gas fees on Polygon (MATIC), which NAKA provides free of charge on the service wallet when the card is activated. KYC is required. Sources indicate a 1.25% FX markup, no cashback (0%) and an ATM limit of about 250 USD; both a virtual and a physical card are available. NAKA states ISO/IEC 27001, ISO 9001 and ISO 22301 certifications. The base NAKA tier has free issuance (1,000 USD daily limit), while the NAKA+ tier raises limits (10,000 USD/day) but does not publish its issuance fee. NOTE: the issuance fee and annual fee are not documented as euro amounts and are reported here as 0 (free issuance on the base tier, annual fee not published); the company does not publicly state a license country or founding year, and todey.xyz flags the profile as an "unverified team".
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Visa |
|---|---|
| Fund custody | Self-custody (funds in your control) |
| Issuance fee | Free |
| Annual fee | Free |
| Free ATM limit | 250 USD |
| ATM withdrawal | Free |
| FX markup | 1.25% |
| Cashback | — |
| Chains | Polygon |
| On-chain settlement | Yes |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 5/10 |
| Supported countries | US, UK, EEA, APAC |
| Funding / solidity | NAKA si presenta come il primo network di pagamento con carta basato su blockchain allineato allo standard EMV (Visa). I fondi restano in self-custody e ogni transazione e autorizzata via firma smart-contract on-chain. Al lancio la carta e supportata in alcune "Bitcoin City" (Lugano in Svizzera, San Salvador in El Salvador, Lubiana in Slovenia), con espansione prevista verso altri mercati. L'azienda non pubblica paese di licenza ne anno di fondazione. |
| Estimated net annual cost | €0/year |
| Regulator | Nessun regolatore dichiarato pubblicamente |
| Segment | B2C |
| Funding / solidity | NAKA positions itself as the first blockchain-based card payment network aligned with the EMV (Visa) standard. Funds stay in self-custody and each transaction is authorized via on-chain smart-contract signature. At launch the card is supported in a few "Bitcoin Cities" (Lugano in Switzerland, San Salvador in El Salvador, Ljubljana in Slovenia), with expansion planned to other markets. The company does not publish a license country or founding year. |
| MiCA / License status | ISO/IEC 27001ISO 9001ISO 22301 NAKA does not publicly disclose a license country or a regulator; it operates as a blockchain payment scheme compatible with the EMV (Visa) standard and directly manages compliance and settlement for its partners. |
Strengths
- Self-custody: stablecoins stay in the user's wallet with on-chain settlement on Polygon
- Spendable on the Visa network with free issuance on the base tier
- Both virtual and physical card, with Polygon gas fees covered free at activation
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- No cashback (0%) and a 1.25% FX markup
- Low ATM limit (about 250 USD) and modest daily spend limits on the base tier
- License country and founding year undisclosed; profile flagged as "unverified" by todey.xyz
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (NAKA does not publicly disclose a license country or a regulator; it operates as a blockchain payment scheme compatible with the EMV (Visa) standard and directly manages compliance and settlement for its partners.): reporting to authorities and freezes on order.
Verdict
Limited protection: NAKA does not publicly disclose a license country or a reference regulator, and todey.xyz flags the profile as an "unverified team". The self-custody model reduces counterparty risk (funds stay in the user's wallet), but the lack of a transparent regulatory framework weakens formal consumer guarantees.
Good sovereignty: it is a self-custody card with settlement directly on-chain on Polygon and funds held in stablecoins in the user's wallet, with no balance held by a third party. Constraints remain the mandatory full KYC and the centralized Visa network.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is NAKA Card custodial?
No: NAKA classifies the model as non-custodial/self-custody. Stablecoins stay in the user's self-custodial wallet and settlement happens directly on-chain on Polygon, so it is not a balance held by a third party as with an exchange card.
How much does NAKA Card cost and does it offer cashback?
On the base NAKA tier issuance is free (1,000 USD/day limit); the FX markup is 1.25% and there is no cashback (0%). Transactions require gas fees on Polygon (MATIC), which NAKA provides free at activation. The ATM limit is about 250 USD.
Sources
- Official service page Azienda · Custodial (self-custodial) · Network (Visa) · Settlement onchain (stablecoin native settlement) · +6 Data verified on Jun 23, 2026
- thepaypers.com Valute supportate (USDt) · Regolamentazione (EMV-compatible scheme) · Azienda info (regioni Svizzera/El Salvador/Slovenia) · Network (Visa/EMV) Data verified on Jun 23, 2026
- todey.xyz Fx markup · Cashback · ATM limits · Custodial · +6 Data verified on Jun 22, 2026