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

Quick Take

  • Gnosis co-founder Dr. Friederike Ernst shares how Gnosis Pay is integrating traditional and crypto payment rails to enable crypto payments for everyday spending.


Episode 4 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and Gnosis Co-Founder Dr. Friederike Ernst.

Listen below, and subscribe to The Scoop on Youtube, AppleSpotifyGoogle PodcastsStitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

Dr. Friederike Ernst is the co-founder of Gnosis and Gnosis Pay.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

In this episode, Dr. Ernst shares 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 their crypto at over 80 million VISA merchants worldwide.

Although crypto payments for everyday transactions have yet to penetrate the consumer market, Dr. Ernst says it's only a matter of time before traditional financial services move onchain:

"In 5 to 10 years, I am pretty certain that most financial rails were run on blockchain technology just because it's much, much more efficient than the current stack."

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Davis Quinton is the Director of Podcasts at The Block and runs our 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 departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.