Just-In: Gnosis Unveils Visa-Certified Debit Card at Ethereum Conference

Gnosis Pay and Gnosis Debit Card

Ethereum’s sidechain Gnosis, introduces Gnosis Pay and Gnosis Card, pioneering the integration of decentralized payment networks with traditional processors and a Visa-certified consumer debit card connected to an on-chain self-custodial wallet.

advertisement

It will initially be available in EU and EEA countries, along with the UK. Expansion plans for Q4 include the United States, Brazil, Mexico, Singapore, and Hong Kong. This innovative offering differentiates itself from other Web3 payment cards as it is not prepaid.

These innovative offerings enable users to pay for online purchases using stablecoins and Visa’s payment system. Gnosis Pay operates as a layer 2 solution on the chain, ensuring faster and more cost-effective transactions, stemming from a collaboration between Gnosis and payment processor SaltPay.

Also Read: Australia’s Big Four Banks Block Payments To Crypto Exchanges

Recommended Articles

Crypto Presale Projects For 2023 To Invest; Updated List

Must Read

Best Crypto Exchange Affiliate Programs In 2023

Must Read

Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]

Must Read

Crypto Telegram Channels List 2023 [Updated]

Must Read

Top 10 Web3 Games To Explore In 2023; Here List

Must Read

Revolutionizing Crypto Payments

Upon launch, users will have the ability to spend EURe, a stablecoin pegged to the Euro, on the Gnosis Card. The team behind Gnosis Pay is actively working on integrating MakerDAO’s decentralized stablecoin, DAI, for further payment options.

With Gnosis Pay, you can spend your digital assets directly from you wallet wherever Visa is accepted.

– Gnosis Pay, July 17, 2023

Initially, Gnosis Pay will provide a physical card and web app, with a mobile app in the pipeline.  Signing up for the service incurs a 30 EURe fee, marking the beginning of a new era in Crypto Payments.

Following its spin-out as a separate business in July, Gnosis maintained strong ties with Safe, evident in the incorporation of Safe wallets in their recent product offerings.

Also Read: Binance Launches New Feature Responding To User Feedback

Source: https://thebittimes.com/just-in-gnosis-unveils-visa-certified-debit-card-at-ethereum-conference-tbt55752.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com