Here’s how Gnosis Pay plans to bridge the gap between on-chain and off-chain payments:
Episode 4 of The Scoop Season 6 was recorded as follows: The Block’s Frank Chaparro and Gnosis co-founder Dr. Friederike Ernst.
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Dr. Friederike Ernst is the co-founder of Gnosis and Gnosis Pay.
In this episode, Dr. Ernst discusses how Gnosis Pay is working to bridge the gap between on-chain and off-chain payments, and how the upcoming Gnosis Card will allow users to spend cryptocurrency at over 80 million VISA merchants around the world. We share how you can do it.
Cryptocurrency payments for everyday transactions have yet to penetrate the consumer market, but Dr. Ernst says it is only a matter of time before traditional financial services move on-chain.
“I am confident that in 5-10 years most financial railways will be running on blockchain technology as it is much more efficient than the current stack.”
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About the author
Davis Quinton is the Director of Podcasts at The Block and has a flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an ‘intern’ in early 2022, he has worked closely with leaders across multiple departments to translate The Block’s written content into engaging multimedia formats. He is a graduate of the Department of Social Studies & Public Policy at New York University, Abu Dhabi, and is based in Sydney, Australia.
