The Rise of Self-Custodial Payments: What Businesses Need to Know

Written by Naka

February 11, 2025

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From the moment we arrived, it was clear: El Salvador isn’t just experimenting with Bitcoin—it’s living it. At the first-ever Plan ₿ Forum El Salvador, the atmosphere was one of excitement, the discussions were forward-thinking, and the technology was in action. Held in one of the world’s most progressive crypto hubs, the Plan ₿ Forum El Salvador brought together an incredible mix of energy, curiosity, and expertise. We came ready to be inspired, and the event exceeded all our expectations.

El Salvador’s dedication to Bitcoin was evident from the outset. Here, cryptocurrency is not just a concept but a fully operational component of the nation’s financial infrastructure. With the NAKA Payment Network already operational nationwide, we witnessed firsthand how seamlessly crypto integrates into everyday life. From local businesses processing payments on NAKA POS devices to customers effortlessly using NAKA Cards for real-time transactions, El Salvador has proven that on-chain payments are part of everyday life.

Despite being the first Plan ₿ Forum held in El Salvador, the event attracted a significant crowd, demonstrating a strong interest in cryptocurrency, payments, and the future of blockchain. The venue was thoughtfully designed, offering ample space for networking and discussions beyond the scheduled talks and panels. The high level of engagement allowed us to connect with other pioneering projects in the space such as Tether, Blockstream, Lightning Labs, Satstreet, Bitcoin Foundation, and more.

At our booth, attendees got hands-on experience with NAKA’s ecosystem, and the reaction was unanimous: crypto payments should be this simple. What stood out the most was the reaction to how smooth it was to activate and use the NAKA Card, whether it’s physical or virtual.

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