World Network, the blockchain-based ecosystem built to expand the functionality of the Biometric identification system WorldCoin, is in conversation with card giant visa to link on-chain card functions to a self-coasts crypto-wallet, according to a person known with the plans.
The aim is to bring VISA card functionality to World Network Wallets, to deliver a series of fintech and FX applications, Fiat on and off-disasters, as well as on Stablecoin-based payments to thousands of traders around the world who are part of the Visa network.
Tools for Humanity, the company, co -founder of Open AI CEO Sam Altman, which supervises Worldcoin and World Network, sent a request for product form to card publishers, which was seen by Coindesk.
World Network is in conversation with Crypto-card facilitators such as Rain, a company that is supported by Coinbase and Circle that offers visa cards on chains for projects such as optimism and avalanche.
“The plan is to build a very connected wallet strategy so that you can trade in all kinds of things, from FX to Crypto, load to wallet, to the wallet, to map,” said a source that is familiar with the plans. “In short, to turn from the world nut screw into a mini bank account for anyone who wants it.”
Given the resources of Altman and general influence, “other wallet providers must worry,” the source added.
Earlier this month, World Network announced a world chat application and the possibility to send money in the form of crypto-based transactions between users on the network.
Worldcoin, the Iris Scanning ORB that collects biometric data for the network, has attracted more than its fair share of controversy since the appearance in 2021.
Large map networks such as Visa and Mastercard have collaborated with crypto projects and wallets to explore ways in which their large networks can overlap with the world of digital assets.
Tools for humanity refused to comment. Rain also refused to comment. Visa did not comment per publication time.