Gnosis Releases First Decentralized Payment Network

Gnosis introduced Gnosis Pay and the Gnosis Card, the first-ever decentralized payment network and self-custodial debit card, promising a seamless bridge between traditional and web3 economies.

The Deets

• Gnosis Pay: A decentralized payment network that allows web3 developers to incorporate traditional payment systems, including Visa, into their platforms.
• Gnosis Card: The world's first Visa-certified, self-custodial debit card that links directly to an on-chain wallet.
• Functionality: Users can spend their digital assets directly from their wallet anywhere Visa is accepted.
• Transaction Management: The platform employs a custom L2 on the Gnosis chain to handle extensive transaction volumes.

The Bulk

Gnosis unveiled Gnosis Pay and the Gnosis Card, introducing an innovation that forges a tangible connection between the traditional and web3 economies.

Gnosis Pay serves as a decentralized payment network offering web3 developers the ability to integrate conventional payment methods like Visa. 

Meanwhile, the Gnosis Card breaks new ground as the world's first Visa-certified, self-custodial consumer debit card. Unlike standard debit cards linked to bank accounts, the Gnosis Card connects directly to an on-chain wallet. Users can spend their digital assets straight from their wallets, anywhere Visa is accepted, combining the convenience of traditional payment systems with the benefits of blockchain technology.

To efficiently manage a large volume of transactions, Gnosis Pay utilizes a custom L2 on the Gnosis chain, contributing to the overall performance and scalability of the system.

📊 By the Numbers

Gnosis chain, on which the new payment system is built, has more than 125K validators across 79 countries.

🎤 Platform Prose

🎬 Take Action

Interested in getting a Gnosis Card? Apply here. 

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