Gnosis Visa debit card debuts in Europe, letting users buy with euro stablecoin

This comes after Gnosis partnered with Monerium, granting it access to the SEPA payment system

article-image

Kikinunchi/Shutterstock modified by Blockworks

share

The Gnosis Card, a Visa-enabled debit card connected to an on-chain, self-custodial wallet, officially launched Monday on a stage at the Ethereum Community Conference, or EthCC. 

The card and its payment network, Gnosis Pay, have been in development for over a year according to Gnosis CEO and co-founder Martin Köppelmann.

The project combines Visa payment technology with Gnosis’ asset management platform called Safe. 

Gnosis partnered with Monerium earlier this month for European transactions, so now users can pay for items in the real world and online with the Gnosis Card using Monerium’s euro stablecoin, EURe.

At present, this is the only way to successfully complete transactions with the Gnosis Card, co-founder of Gnosis Friederike Ernst told Blockworks. 

“You can have any tokens in the wallet — but if you’re out of EURe the [transaction] will decline. We will open this up to other [stablecoins] in Q4,” Ernst said in an email.

Ernst added that onboarded users can pay at any Visa terminal globally, and that if the payment is not in euros, a foreign currency exchange will occur like with any other Visa card.

Users can also connect their desired wallet to the card, including MetaMask, Coinbase Wallet and more.

In a previous iteration of the project, the card itself was a hardware wallet, which contained a chip holding the private key to sign messages, Ernst explained. 

Gnosis realized this version of the card was impractical for a number of reasons, but mainly, users wouldn’t be able to use the Gnosis Card virtually, such as through Apple Pay or Google Pay.

So the team scrapped that idea and went with the current model: having a smart contract wallet linked to the card that uses token allowances.

“What happens now is that you give Gnosis Pay allowance to your smart contract wallet. This means you don’t need to sign the transaction (tx) every time, with the trade-off that you have to trust Gnosis Pay to not abuse the allowance,” Ernst told Blockworks. 

Ernst also pointed out that decentralized apps (dapps) frequently use token allowances, and like most of those apps, the user can define the allowance with Gnosis Pay. 

If a user loses their Gnosis Card, the assets are stored on Safe. So if that were to happen, a user’s funds wouldn’t be at risk, and they could just order a replacement card.

The project has also developed an application programming interface (API) that allows any crypto community or third-party wallet to issue their own customized Gnosis cards. 

The Gnosis Card will be launching exclusively in the UK and Europe. Compatibility is coming next to the US, Brazil, Mexico, Singapore and Hong Kong, according to a statement from Gnosis.

Updated July 20, 2023 at 12:27 pm ET: Added additional comment from Gnosis co-founder Friederike Ernst. Clarified the Gnosis Card’s function.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

The startup says it aims to rival Stripe and Worldpay by using stablecoins to speed merchant settlements from days to seconds

by Blockworks /
article-image

“S&P 500” for crypto comes as segment gains “established role in global markets,” S&P exec says

article-image

The S&P Digital Markets 50 Index combines 15 cryptocurrencies with 35 crypto-linked companies, offering investors hybrid exposure

by Blockworks /
article-image

Gnosis is betting that openness — not ownership — will define the future of onchain money

article-image

Crypto’s quest to imbue shareholder protections for tokens

article-image

Grass previously raised a seed and Series A rounds and plans to utilize the token purchase to execute on its roadmap