Gnosis Pay is a self-custodial crypto debit card that merges traditional payment systems with Web3 technology, enabling users to control their crypto funds directly. Unlike competitors like Coinbase and Binance, which require users to trust third-party custody, Gnosis Pay allows users to connect a self-custodial wallet to a Visa card, accepted by over 80 million merchants globally. This innovation is portrayed as a step towards ‘banking 3.0,’ emphasizing user empowerment and decentralization. Users can load their Gnosis Pay account with a regulated stablecoin and perform regular bank transfers. Gnosis Pay accounts also facilitate access to decentralized applications (dapps), unlike centralized solutions. The platform offers a cashback rewards program linked to GNO token holdings and plans to expand to new markets, including Brazil and Singapore. Overall, Gnosis Pay aspires to bridge old banking practices with decentralized finance, catering to a new era of financial management.

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