I’ve been a fan of crypto debit cards for years. My Coinbase and Crypto.com cards have been my go-to for everyday spending, both online and offline. But recently, I hit a roadblock: the EU Travel Rule.
For those unfamiliar, the EU Travel Rule requires crypto service providers to share personal information about transactions above a certain threshold. While this rule is meant to enhance transparency and fight fraud, it feels invasive for everyday users like me who value privacy.
After some research, I discovered Gnosis Pay, and it has been a game-changer. Unlike traditional crypto debit cards, Gnosis Pay integrates seamlessly with the Gnosis Chain, an Ethereum layer-2 chain. Instead of relying on centralized exchanges to load your card, it’s directly connected to your self-custodial wallet. No middlemen. No unnecessary data sharing.
Here’s how it works:
1. You order your card on Gnosis Pay. There's normally a little fee to order this card. You'll get a 100% discount by clicking on this link.
2. You link your wallet (e.g., Trustwallet or Metamask) to the Gnosis Pay platform.
3. Funds are drawn directly from your on-chain balance, with no need for pre-loading or interacting with centralized services.
4. The card works just like any Visa or Mastercard for purchases.
5. On top of that you earn some cashback which depends on the amount of GNO you hold. With 1 GNO, you'll get 2% cashback, but you can get up to 5% if you hold more GNO...
6. You can top up your card with crypto or directly with EUR by using an IBAN.
The best part? No more headaches from the EU Travel Rule. Since Gnosis Pay operates within a decentralized ecosystem, it doesn’t expose your personal transaction data to centralized authorities.
If you’re tired of the limitations imposed by traditional crypto cards, I highly recommend giving this a try. It’s privacy-focused, efficient, and aligned with the decentralized ethos of blockchain.
As mentioned above, use my referral code to get a 100% discount when you sign up: https://gnosispay.com/nonoginvite?rcc=1369a9b31f96&utm_source=referral&utm_campaign=clsohpq8l011811l3v7oxshhg
Try it out and let me know how it works for you. Privacy in crypto spending is no longer a dream—Gnosis is making it a reality.
