What happens when you tap

1

Authorization

about 2 seconds
Youcard or phone
Shopterminal or checkout
Shop's bank
Visa or Mastercard
Issuer and processor
App
RequestYes
2

At approval, the app pays

inside the same 2 seconds
Custodial appThe issuer checks its own ledger. Nothing moves onchain.
Self-custodial appStablecoins move from your wallet to the issuer.Gnosis Pay: about 2 seconds
3

Settlement

once a day, 1 to 2 days later
Shopis paid
Shop's bank
Visa or Mastercard
Issuerpays one net amount
Sumcap Research