Inside the Quest at Colossus to Replace Visa and Mastercard With KYC-Less Crypto Cards

Colossus is developing KYC-less crypto payment cards using an Ethereum layer-2 solution, aiming to compete with traditional payment processors Visa and Mastercard. The project is being developed by a small team of four with what they describe as a 'box of goodies' to challenge the incumbent payment infrastructure.

• →Colossus is building KYC-less crypto payment cards to compete with Visa and Mastercard.
• →The solution is built on an Ethereum layer-2 network for improved scalability and lower costs.
• →The project is being developed by a lean team of just four people.
• →The initiative represents another attempt to disrupt traditional payment infrastructure with crypto solutions.
• →The KYC-less approach could potentially offer greater privacy and accessibility compared to traditional payment cards.