MyBucks, a consumer lending platform listed on the Frankfurt exchange, and Naga Group, a German fintech company, have joined forces to integrate Naga's digital asset wallet into MyBucks' suite of clie
MyBucks, a consumer lending platform listed on the Frankfurt exchange, and Naga Group, a German fintech company, have joined forces to integrate Naga's digital asset wallet into MyBucks' suite of client-facing applications. The arrangement will provide roughly 1.5 million customers across Africa, Australia and beyond the ability to hold, transact and manage cryptocurrencies through a single platform.
The bundled wallet solution enables users to exchange digital assets via email transfers, liquidate holdings into fiat currency and participate in securities and investment activities. Leadership at both firms emphasized their shared vision of bringing financial tools to unserved populations in African markets and other regions where traditional banking remains inaccessible.
Benjamin Bilski, Naga Group's founder and executive director, underscored the significance of the deal. "This collaboration delivers substantial advantages to both communities and generates novel possibilities for the economically marginalized," he said. "It's a tangible demonstration that blockchain systems address genuine challenges—remittance flows being one—more effectively than existing technology giants manage, thereby upending conventional approaches."
MyBucks gains entry into the European-African remittance corridor through this tie-up, while working toward its aspiration to operate as a complete digital banking solution. Naga Group, conversely, penetrates new geographical zones by capitalizing on its established ecosystem of trading, virtual assets and blockchain services.
The underlying wallet infrastructure prioritizes efficiency and affordability while supporting multiple digital currencies—Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash among them. The company expects to introduce a co-branded Mastercard physical card later in the year, enabling cardholders to operate in conventional money and digital tokens.
Naga Group simultaneously inked a separate arrangement with Changelly, an automated digital currency marketplace functioning similarly to ShapeShift. The partnership allows for frictionless asset conversion straight within user dashboards. The exchange currently operates with a user base exceeding two million and processes around 15,000 transactions each week.
