Sidechain gnosischain is releasing Gnosis Pay and Gnosis Card, allowing web3 users to use their stablecoins to purchase products in everyday life, cryptauxmargaux reports
Gnosis, a sidechain to Ethereum, says a pair of new product offerings could let consumers with crypto wallets pay for online purchases using stablecoins and Visa’s payment system.and Gnosis Card, the first decentralized payment network integrating with a traditional payment processor and the first Visa-certified consumer debit card directly connected to an on-chain self-custodial wallet, according to a Gnosis press release.
Gnosis Pay will also operate as a layer 2 to the Gnosis chain, therefore enabling faster and cheaper transactions. The birth of Gnosis Card came after George was on a ski trip in the French Alps and exchanged ideas with an executive at payment processor. George was explaining how blockchain technology works and how it could function in everyday life.
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