Worldcoin (WLD) Surges Amid Talks of VISA Partnership for Stablecoin Payments

World Network, a blockchain ecosystem designed to enhance the biometric identity platform Worldcoin, is discussing integrating on-chain card features into crypto wallets with card giant Visa. This collaboration aims to foster adoption by providing practical financial utilities to users.

Notably, the latest development aligns with broader initiatives to bridge the gap between cryptocurrency and traditional financial (TradFi) services, presenting fiat on-ramps and foreign exchange capabilities.

Worldcoin Eyes VISA Partnership for Stablecoin Payments

If finalized, this initiative will introduce Visa card functionality to World Network wallets, allowing users seamless access to fiat services and various banking features without relying on traditional institutions.

Moreover, this partnership will allow World Wallet to leverage Visa’s extensive global network of merchants, enabling users to make stablecoin payments.

“The plan is to build up a whole connected wallet strategy so that you can trade in all kinds of things, from FX to crypto, load to wallet, send to wallet, spend from card. Basically to turn World Wallet into a mini bank account for anyone who wants it”, a source familiar with the matter stated.

Interestingly, Tools for Humanity, the organization overseeing Worldcoin and World Network, has taken steps to advance this initiative. The team has contacted card issuers to explore potential product collaborations, indicating that the company is actively pursuing partnerships to expand its reach in the financial sector.

Additionally, World Network has engaged with crypto card facilitators, such as Rain, a firm backed by USDC issuer Circle, and America’s largest exchange, Coinbase. Rain has previously launched on-chain Visa cards for blockchain networks such as Optimism and Avalanche.

Industry experts speculate that this initiative could pose a competitive challenge to existing crypto wallet providers, especially given CEO Sam Altman’s influence and the significant resources supporting the project.

Worldcoin (WLD) Jumps Over 14%

Following this announcement, Worldcoin (WLD) witnessed a significant price increase. At the time of writing, the asset’s price exchanged hands $0.9324 representing a significant 14.42% surge in the last 24 hours.

In addition to the discussions about stablecoin payments, World Network has been actively expanding its services to enhance user experience and security. Earlier this month, the company launched World Chat, a messaging feature embedded within the World App.

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