The Scoop

Here's how Gnosis Pay plans to bridge the gap between onchain and off-chain payments

Feb 2, 2024
Dr. Friederike Ernst, co-founder of Gnosis and Gnosis Pay, discusses how Gnosis Pay plans to bridge the gap between on-chain and off-chain payments. They share how the upcoming Gnosis Card will allow users to spend their crypto at over 80 million VISA merchants worldwide. Dr. Ernst believes that in 5 to 10 years, most financial rails will be run on blockchain technology due to its efficiency. They also explore the challenges of merging onchain and off-chain payments and suggest solutions like account destruction and abstracting infrastructure costs from users.
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