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.
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