World Network, the cryptocurrency and digital identity venture linked to Tools for Humanity and OpenAI CEO Sam Altman, is reportedly engaged in discussions with Visa.
The objective of these talks is to incorporate card functionalities into World Network’s proprietary wallet, CoinDesk reported on Monday, citing inside sources familiar with the matter.
This potential partnership follows earlier indications, revealed by Bloomberg last April, that World Network was pursuing collaborative ventures with both PayPal and OpenAI.
The goal of those prior discussions was to amplify the project’s technological reach and broaden its operational capabilities.
Should the current negotiations with Visa prove fruitful, the World Wallet would gain seamless access to Visa’s extensive global network of merchants.
Such integration would unlock a range of opportunities within the realms of financial technology and foreign exchange applications.
Critically, it would streamline the conversion process between traditional fiat currencies and cryptocurrencies and facilitate payments using stablecoins across Visa’s expansive worldwide merchant infrastructure.
World Network Explore Card Integration for Crypto Wallets
World Network’s architecture leverages Worldcoin’s distinctive, though debated, iris-scanning technology.
This technology is designed to establish unique biometric identification for individual users.
The synergy of this biometric ID with a self-custody wallet has the potential to create secure, identity-linked financial services that circumvent traditional intermediaries.
This unique feature distinguishes World Network from many of its competitors in the digital finance space.
This advancement emerges following World Network’s recent unveiling of the World Chat application on March 7th.
This compact application is specifically designed to enable secure communications exclusively among verified participants within the World Network ecosystem.
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