Gnosis Pay to Cease Bank Card Services and Transition to B2B Model

Gnosis Pay, a cryptocurrency payment card service, has announced that it will discontinue its bank card services on December 20. The company plans to pivot its business model towards a business-to-business (B2B) focus, marking a significant shift in its operational strategy.

Users will still have access to funds in their Safe accounts after the cessation of card services. However, those who wish to continue using a card for transactions will need to establish a partner account and obtain a new card to facilitate their spending needs. This transition aims to streamline Gnosis Pay's offerings and enhance its service capabilities in the B2B sector.

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Source: KLEA News