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.
Weatherly
AlexRecently, Newton DAO has officially rebranded as AB DAO, marking a new era of decentralized autonomous governance. This is not just a brand upgrade but a major transformation in the project’s governance structure.
AlexKanye West denied plans to launch a token, revealing he rejected a $2 million offer. He criticised celebrity-backed tokens, saying “coins prey on fans with hype,” and expressed interest in speaking with Coinbase CEO Brian Armstrong. Are his comments a critique of celebrities profiting from the meme coin craze?
CatherineSolana-based Pump.fun denied rumours of an upcoming token launch. Co-founder Alon Cohen rejected claims of leaked tokenomics as false, despite documents suggesting a planned issuance of 420 million tokens, with 210 million for public sale through Dutch auctions on centralised exchanges.
KikyoMichael Saylor's company, Strategy, is preparing for another major Bitcoin purchase, continuing its aggressive accumulation strategy. The firm holds over 471,000 Bitcoin, worth $45 billion, and has raised billions through stock offerings to finance its acquisitions.
WeatherlyElon Musk has denied any interest in purchasing TikTok, despite speculation from Chinese officials about him buying its US operations if a ban occurs. President Trump has also suggested that Musk or Oracle's Larry Ellison could acquire the platform through a government-backed deal.
CatherineFigure AI ended its partnership with OpenAI after developing its own advanced AI for humanoid robots. The company secured major deals, including one with BMW, and plans to reveal a groundbreaking robot achievement soon.
AnaisA landfill in Wales, believed to contain a hard drive with 8,000 Bitcoin, is slated for closure.
KikyoOpenAI is investigating claims of a data breach involving 20 million user accounts, with a hacker selling stolen credentials. Although the breach hasn't been confirmed, experts advise users to update passwords and enable multi-factor authentication for added security.
WeatherlyCAR President Faustin-Archange Touadéra announced the country’s official meme coin, but deepfake detectors suggest the video may be digitally manipulated.
Catherine