Gnosis announced the launch of Gnosis Pay, a decentralized payment network, and Gnosis Card, a self-custodial debit card, aiming to connect crypto wallets with Visa's payment system.
According to Gnosis, Gnosis Pay is the world's first decentralized payment network, which enables Web3 developers to integrate various traditional payment methods including Visa. With Gnosis Pay, users can spend their digital assets directly from crypto wallets wherever Visa is accepted. Gnosis Pay uses a custom Layer2 built on Gnosis Chain to enable more secure and cheaper transactions.
Gnosis Card is the first Visa-certified, self-custodial consumer debit card. Built on Gnosis Pay, it directly links to an onchain wallet instead of a traditional bank account. Gnosis Card will initially available in EU, EEA countries and the UK, with plans of expanding into the US, Brazil, Mexico, Singapore, and Hong Kong in Q4.
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