Gnosis Launches Gnosis Card for Real-World Payments
Gnosis, one of the first Ethereum sidechains, has introduced the Gnosis Card at the Ethereum Community Conference. The card, in partnership with Monerium, enables users to make real-world and online purchases using Monerium’s euro stablecoin, EURe. Here are the key points:
– Gnosis Card allows transfers and payments with euro stablecoin.
– It was launched at the Ethereum Community Conference in Paris.
– The card is initially supported by EURe stablecoin, with plans to add more stablecoins in the future.
– Users can link their preferred wallets, such as MetaMask and Coinbase Wallet.
– The card will be available in the U.K., EU, Brazil, Mexico, Singapore, and Hong Kong.
Gnosis has priced the card at €30 for consumers, factoring in production and distribution costs. Any surplus will be allocated for engineering and compliance infrastructure. Visa and Mastercard temporarily suspended their involvement in cryptocurrency products earlier this year but have since shown renewed commitment. The launch of the Gnosis Card highlights growing interest in virtual currency transactions in Europe.
Hot Take: Gnosis Card Expands Crypto Payment Options
The Gnosis Card offers a convenient way for crypto users to make real-world payments using stablecoins. With the ability to link preferred wallets, it provides flexibility for users. The expansion plans into multiple countries and the partnership with Monerium demonstrates Gnosis’ commitment to offering a global payment solution. As crypto regulations continue to evolve, it’s encouraging to see established payment giants like Visa entering the space. The launch of the Gnosis Card is a positive development for the crypto community and further legitimizes the use of cryptocurrencies in everyday transactions.
By
By
By
By
By