On February 17, Gnosis published a post announcing the release of Gnosis Pay, a new cryptocurrencycurrency debit card. With no fees, customers may effortlessly spend their bitcoin holdings at any of the more than 80 million Visa merchants worldwide by using the card.
Following the card’s triumphant premiere in Europe by Gnosis last year, this launch takes place. The company’s move into the US now signifies its dedication to bridging decentralized finance (DeFi) and traditional finance.
Dr. Friederike Ernst, a co-founder of Gnosis, stated in an interview that the card aids in removing obstacles between cryptocurrencycurrency holdings and practical applications. It opens the door for digital currencies to easily enter regular transactions and usher in a new era of flexibility and financial independence.
Gnosis plans to introduce the card in a number of new markets, such as Singapore, Hong Kong, Brazil, and Mexico. In order to ensure a future in which digital assets are as easily spent as fiat money, outreach to both cryptocurrency users and non-users is the aim.
By offering this utility and payment option for its GNO token, Gnosis aims to increase the scalability of blockchain technology. Working together with fintech pioneers such as Monerium advances its goal of facilitating an open and decentralized financial system.
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