World Network & Visa: Crypto Card Integration?
World Network Explores Visa Partnership for Crypto Wallet Integration
World Network, the cryptocurrency and digital identity project associated with Tools for Humanity and OpenAI CEO Sam Altman, is reportedly in talks with Visa. The goal? To integrate card features directly into its self-custody crypto wallet. This news follows reports of potential partnerships with PayPal and OpenAI.
Key Implications of a Visa Partnership
- Seamless Stablecoin Payments: Integration would allow users to make stablecoin payments across Visa's vast global merchant network.
- Enhanced Fintech Capabilities: The partnership could unlock opportunities for fintech and foreign exchange (FX) applications.
- Improved On/Off Ramps: Easier conversion between fiat currency and cryptocurrencies within the World Wallet.
Tools for Humanity has reportedly reached out to multiple card issuers, suggesting active progress toward implementation. They're exploring collaborations with crypto card facilitators such as Rain, a Coinbase and Circle-backed company that provides on-chain Visa cards for projects like Optimism and Avalanche. Rain recently secured $24.5 million in funding, further highlighting the growing interest in this space.
World Network leverages Worldcoin's iris-scanning technology to create unique biometric IDs. Combining this with a wallet could offer secure, identity-linked financial services without traditional intermediaries—a key differentiator in the market.
This potential Visa partnership follows the March 7th launch of World Chat, a secure messaging app for verified World Network users. This app, currently in beta, integrates the Contacts tab, World ID protocol, and World App wallet for end-to-end encrypted communication.
With World Chat, peer-to-peer crypto transfers, and plans for FX trading and stablecoin payments, World Network aims to become a comprehensive platform for finance, communication, and digital identity. As a source told CoinDesk, the goal is "to turn World Wallet into a mini bank account for anyone who wants it."
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