The Kinetex team is excited to announce its partnership with Gnosis Pay, the world's first on-chain self-custodial account that bridges traditional payment systems with Web3 rails.

This collaboration offers a convenient and swift method to replenish balances using Bitcoin, Ethereum, and other EVM-compatible tokens by converting them to EURe via Kinetex's Flash Trade. It allows users to effortlessly fund their Gnosis Pay account and subsequently utilize their on-chain assets at any Visa merchant globally.

Kinetex's Flash Trade employs intent-based trading protocol, harnessing ZK technology for a seamless cross-chain trading experience. Notably, Kinetex introduces BTCX, a ZK light client developed with Succinct Labs' infrastructure tailored for programmable truth, specifically for Bitcoin, enabling the integration of the primary cryptocurrency into the expanding DeFi ecosystem.

Instant, secure, and cost-effective swapping via Flash Trade is facilitated by advanced ZK technology, eliminating the need for intermediaries, centralized validators, or complex smart contracts. The streamlined process employs an intent-based approach connecting traders and market makers, ensuring liquidity, rapid execution, and minimal costs.

The integration of Kinetex and Gnosis Pay revolutionizes how cryptocurrency owners utilize their assets, enabling them to spend crypto funds in daily transactions. Together, they drive mainstream adoption of crypto payments and the maturity of the DeFi sector.

About Kinetex:

The integration of Bitcoin into the DeFi ecosystem marks a significant milestone for the cryptocurrency industry. As the leading and most valuable cryptocurrency, Bitcoin has traditionally been viewed as a store of value. However, the emergence of DeFi has expanded Bitcoin's utility in financial applications. Kinetex is at the forefront of this transformation, expanding Bitcoin's use cases and serving as a bridge between traditional finance and the evolving DeFi landscape, unlocking its full potential.

Contributors to the Kinetex Network are actively working to expand the range of supported networks. Their aim is to encompass over a dozen networks, including popular L1 networks like Bitcoin, Solana, Aptos, Sui, BounceBit, and Berachain. They are also integrating various L2 Ethereum networks, including ZkSync, Linea, Base, Scroll, and Blast. Additionally, L2 Bitcoin networks such as Merlin, Rootstock, Bitlayer, and others will soon be integrated. By broadening the range of networks accessible to users, Kinetex is breaking down barriers between different chains, uniting the blockchain ecosystem, and significantly enhancing the global crypto user experience.