World Network is in discussions with Visa to develop a stablecoin wallet that would integrate into Visa's extensive global payment network, potentially expanding Visa's crypto offerings.
The potential partnership, which is still in its early stages, promises to bring cryptocurrency functionality to Visa's existing user base, marking a significant step towards integrating digital assets into mainstream payments.
World Network, a blockchain-based ecosystem co-founded by OpenAI CEO Sam Altman, has been exploring ways to offer stablecoin-based solutions.
With Visa’s established infrastructure and global reach, the collaboration could provide a seamless way for users to make stablecoin payments across millions of merchants worldwide.
According to sources familiar with the discussions, the wallet would include features such as on-chain cards, enabling users to pay for goods and services with stablecoins via Visa’s extensive payment network.
This collaboration would also allow Visa’s cardholders to access crypto-native features, marking a significant leap for World Network, which already offers decentralized identification technology.
The goal is to create a “mini bank account” within the World Wallet, which would combine foreign exchange, fiat ramps, and other traditional banking features alongside digital assets.
Since the announcement of talks with Visa, Worldcoin has seen a noticeable surge in value.
The token jumped 13% in value, following the release of the reports, as investors reacted to the potential of the partnership.
Despite previous challenges, including regulatory setbacks and fluctuating prices, Worldcoin's recent surge indicates strong optimism about a potential partnership.
The talks have come at a time when World Network’s parent company, Tools for Humanity, has been actively seeking ways to strengthen its foothold in the crypto space.
It is clear that, if successful, the integration with Visa could help Worldcoin regain some of the ground it lost over the past months.
Visa has not shied away from crypto partnerships in the past.
The company has already worked with firms like Coinbase to offer debit cards that enable instant cryptocurrency transfers.
In 2024, Visa even ventured into the Real-World Assets (RWA) market, signifying the company’s ongoing interest in expanding its crypto offerings.
However, Visa has also faced challenges when it comes to the volatile nature of stablecoins.
Reports from 2023 suggested that the rise of stablecoins posed a potential threat to Visa’s core business model.
In light of these concerns, Visa seems to be taking a cautious but proactive approach in integrating crypto solutions, possibly through collaborations like the one being discussed with World Network.
World Network’s ambitions go beyond just crypto payments.
The platform is built around its World ID, a digital passport aimed at verifying human identity in the online world, a key feature that differentiates it from other blockchain-based ecosystems.
By combining this identification system with a wallet capable of handling stablecoin payments, World Network hopes to address both financial inclusion and the growing concern over AI and bot-generated interactions online.
The company's recent collaboration with Razer to offer a secure "proof of human" technology for gamers highlights the versatility of World Network’s platform.
This technology aims to create a safer and fairer gaming environment, preventing bot interference and offering real-world applications for its identity verification systems.
If these discussions lead to an agreement, Visa’s potential partnership with World Network could mark a transformative moment in the digital finance world.
As stablecoins become a bigger part of the global financial system, this collaboration could bring crypto payments closer to mainstream adoption.
With Visa’s vast network of merchants and World Network’s growing user base, the integration of stablecoins into everyday transactions may become a reality sooner than expected.
Despite the lack of a firm commitment from either party, the ongoing talks are already creating waves in the crypto space with implications for the future of international digital transactions.
Worldcoin will launch in London on 12 June, using eye-scanning technology to verify people’s identity and stop AI fraud. The project is expanding across the UK and aims to help governments and platforms tackle fake users online.
WeatherlyWorld has launched its digital ID service in Brazil to help combat online identity fraud using biometric scans. With over 16 million users globally, the service aims to distinguish real people from bots amid rising AI threats.
WeatherlyWorldcoin has rebranded to "World" and launched new initiatives, including the World ID Credentials program and an upgraded Orb device for identity verification. While the project has generated excitement, trust issues remain, particularly due to concerns about privacy and recent controversies surrounding its leadership, which has resulted in a mixed market response.
WeatherlyA large investor deposited over $3.3 million worth of Worldcoin tokens into Binance, suffering a $50,000 loss, drawing scrutiny on Worldcoin's trajectory. DeFi^2 warned that Worldcoin's tokenomics may primarily benefit insiders, emphasising its hyperinflationary model and manipulative design, raising concerns in the crypto community.
WeatherlyOpenAI's GPT-4o integrates text, audio, and video processing, revolutionizing human-computer interaction. Despite Worldcoin's recent price drop and misconceptions about its affiliation with OpenAI, the latter gears up for the launch of its macOS desktop app.
AnaisOpenAI is set to release GPT-5, a significant upgrade to its conversational AI, potentially in mid-2024. Apple is also making strides in generative AI, with plans to unveil new developments later this year. Meanwhile, OpenAI's video generation tool, Sora, faces challenges regarding cost and ethical concerns. Despite progress, questions remain about Sora's data sources. Sam Altman's return to OpenAI's board signals governance improvements, while his cryptocurrency venture, Worldcoin, sees a surge in value. These advancements highlight the rapid evolution of AI technology, but concerns persist about transparency and misuse.
BerniceWhile Worldcoin faces regulatory hurdles in Spain, long-term prospects remain optimistic, with increasing adoption and improving fundamentals.
BerniceSpain banned Worldcoin's eye-scanning data collection method due to privacy concerns, while OpenAI, another project by Sam Altman, faces a legal dispute with Elon Musk over alleged deviations from its original objectives.
AnaisWorldcoin's token value surged after launching Sora, an AI model for video generation. The project aims to provide global identity inclusion through blockchain, facing competition and privacy concerns amidst its rapid growth.
WeatherlyMoo Deng the hippo turned one, sparking a four-day festival at a Thai zoo and renewed interest in her memecoin. The MOODENG token surged over 17% on her birthday, driven by fan hype, whale activity, and Solana’s growing memecoin market.
WeatherlyA Japanese firm, Gates Inc., is turning $75 million worth of Tokyo real estate into digital tokens using the Oasys blockchain. The move aims to make it easier for overseas investors to buy and sell property in Japan by using blockchain-based ownership records.
AnaisA man jailed for a major crypto theft has had his prison sentence raised to 12 years after refusing to return any of the stolen funds. The judge criticised him for living in luxury without paying back the $20 million he owes.
WeatherlyBank of America has launched a new research series called On Chain to explore blockchain, stablecoins, and tokenised assets. The bank sees Ethereum and companies like Stripe as key to the future of digital finance and payment systems.
WeatherlyA male law student at the University of Hong Kong created over 700 fake pornographic AI images of women he knew, using their social media photos without consent. The university only gave him a warning, leading to public anger and calls for stronger action and legal reform.
AnaisAn AI-generated band called Velvet Sundown tricked millions of Spotify users into thinking it was a real folk-rock group. The creators later admitted it was an art project using AI tools, sparking debate over music transparency and platform rules.
WeatherlyCoinbase’s stock hit a record high as Bitcoin surged, pushing its market value above $100 billion. The jump was driven by growing investor confidence, political support for crypto, and strong earnings from stablecoin services.
AnaisStandard Chartered has started offering bitcoin and ether spot trading directly to institutional clients through its UK branch. This makes it the first major global bank to provide regulated crypto trading using existing foreign exchange systems.
WeatherlyU.S. regulators have closed their investigations into Polymarket without filing any charges, despite earlier concerns over unregistered trading during the 2024 election. This marks a major turnaround after an FBI raid and a previous fine, raising questions about changing enforcement under the current administration.
AnaisChina SanSan Media plans to apply for a stablecoin licence in Hong Kong ahead of new rules starting on 1 August. The company aims to use stablecoins to improve retail payments and reduce costs.
Weatherly