The newly created wallet is a Safe Smart Account, which functions as a "savings" account on Gnosis Chain L1. In the future, once transactions are finalized on the L2 layer of Gnosis Chain, funds will be transferred from your Gnosis Pay Safe account, which will serve as your "spending" account.

Currently, we deploy a new Safe for you due to current limitations, but in the future, you will be able to use your own existing Safe multisig wallet as the Gnosis Pay Safe.