Gnosis has made an important announcement regarding the launch of two innovative products, Gnosis Pay and Gnosis Card, which are set to revolutionize the world of decentralized payments. Gnosis Pay is a ground-breaking decentralized payment network that empowers web3 developers to seamlessly integrate a wide range of traditional payment methods, including Visa.
This integration paves the way for the effortless onboarding of millions of new users into the web3 economy. Moreover, Gnosis Card stands as a significant milestone in the financial industry as it becomes the world’s first self-custodial consumer debit card certified by Visa. Unlike traditional debit cards that are linked to a bank account, the Gnosis Card is directly connected to an onchain wallet. This advanced technology is built on the decentralized payment network of Gnosis Pay.
To ensure the secure management of large transaction volumes, Gnosis Pay utilizes a custom Layer 2 solution on the Gnosis Chain. It is worth noting that the Gnosis Chain has risen to prominence as the second most decentralized network worldwide, boasting an impressive number of over 125,000 validators spanning across 79 countries.