BasedApp x Gelato Relay: Revolutionizing Crypto Card Payments

TL;DR

BasedApp is launching the first non-custodial Visa debit card in Singapore, allowing users to spend, send, and invest crypto seamlessly without intermediaries. The BasedApp Wallet, integrated with Gelato Relay, enables gasless transactions and smooth user interactions.

“There are 600+ billion credit card transactions executed every year, those will at some point be initiated via public blockchains powered by Gelato Relay."
— Hilmar Orth, Co-founder @ Gelato Network

BasedApp: The First Noncustodial Visa Debit Card in Singapore

BasedApp bridges traditional banking and crypto with a wallet and the first non-custodial Visa debit card in Singapore. By tapping into Visa terminals, users can directly spend tokens stored in their BasedApp Wallet, transforming how crypto is used in daily life. More countries will be supported soon.

The BasedApp Ecosystem: Wallet & Card

The BasedApp Wallet is a secure, non-custodial crypto wallet that goes beyond storage. It enables:

• Social logins via Google and Email for secure wallet access

• 1-click transactions with batched signings

• Instant token transfers to friends

• Gasless Transactions: Powered by Gelato Relay, removing the need for native gas tokens

The BasedApp Card lets users spend directly from their wallets at any Visa merchant, eliminating intermediaries. Users simply top up their card from the wallet and begin spending.

Account Abstraction & Gelato Relay in BasedApp

BasedApp is built on Safe Core, an advanced account abstraction framework that simplifies complex interactions. With login via email or Google and 1-click transactions, onboarding becomes as smooth as Web2.

By integrating the Safe Core AA SDK Relay Kit powered by Gelato Relay, BasedApp enables gasless transactions. Developers gain secure, efficient validation infrastructure while users enjoy effortless, fee-free blockchain interactions.

Comparing Payment Flows

Traditional Card Payment Flow

Steps:

• User initiates payment

• Merchant submits transaction

• Acquirer forwards request

• Card networks facilitate messaging

• Issuer approves or declines transaction

BasedApp Card Payment Flow

Steps:

• User pays with BasedApp card linked to their wallet

• Merchant POS requests payment

• Acquirer forwards details to Visa

• Visa routes to Fazz Financial Group (issuer for BasedApp)

• Fazz ensures regulatory and banking compliance

• BasedApp checks user vault contract on Polygon for sufficient funds

• Vault contract confirms balance in real-time

• Gelato Relay covers gas fees and processes the on-chain payment gaslessly

Once verified, approval flows back through Fazz, Visa, and the acquirer to the merchant. Settlement occurs in fiat, while Gelato Relay handles the crypto side, moving stablecoins from the vault contract to BasedApp.

The result: users pay with crypto, merchants receive fiat—seamlessly bridging traditional and decentralized finance.

Conclusion

BasedApp is redefining crypto payments with a wallet and Visa card backed by Gelato Relay. By eliminating blockchain complexity and gas fees, it sets a new standard for mainstream crypto adoption and paves the way for the democratization of DeFi.

About Gelato

Gelato powers the decentralized backend for Web3, relied on by 400+ projects to execute millions of transactions across DeFi, NFT, and Gaming. Gelato services include:

• Web3 Functions: Connect smart contracts to off-chain data & computation with decentralized cloud functions

• Automate: Automate smart contracts with reliable, decentralized execution

• Relay: Enable gasless, secure transactions with a simple API

• Gasless Wallet: SDK combining Gelato Relay + Safe Smart Contract Wallet to enable Account Abstraction

Witness the journey toward a decentralized future with Gelato!