The World Network, an organization co-founded by Sam Altman and which is part of the blockchain-based ecosystem that includes Worldcoin, is currently negotiating with Visa to add on-chain card features to the organization’s self-custody cryptocurrency wallet.
The mentioned information was published by the media. Tools for Humanity, a company that oversees the mentioned ecosystem, sent a request-for-product form to card issuers. This was reported by the media, saying it had seen a copy of the form.
The World Network did not respond to a request for comment on the mentioned information. Visa and Tools for Humanity also did not provide any comments.
The addition of Visa card functionality means that World Network wallets would enable a range of apps, including stablecoin payments to merchants in the network of the payment industry giant.
In the first half of the current month, the World Network announced that it beta had launched a mini app called World Chat within its World App. In this case, users can chat with and send and receive crypto to and from other members of the World Network.
In a message posted on the company’s blog, it was noted that World Chat seamlessly integrates with the World App wallet. This means that the user can send and receive crypto to and from anyone as easily as sending a picture.
Last week, World Network announced that it partnered with Razer, a gaming lifestyle product provider. As part of this partnership, users are offered a secure, single sign-on proof of human technology called Razer ID Verified by World ID which is designed to verify human gamers and reduce the negative impact of bots on gaming.
In a message posted on the World Network blog, it was noted that by giving gamers a secure and private way to verify that they are human, gamers can look forward to fair play with real players in a trusted environment that improves the gaming experience for everyone.
Worldcoin launched its digital wallet and identity technology in July 2023. Sam Altman and co-founder Alex Blania, chief executive officer of Tools for Humanity, stated that their goal is to provide a complete global financial platform, combat increasing income inequality, and serve as a form of universal basic income.
The endeavor aims to use eye-scanning technology dubbed The Orb. In this case, the main goal is to launch a worldwide identification system.
It is worth noting that big card networks such as Visa and Mastercard cooperate with cryptocurrency projects and companies that provide users with access to digital wallets. These payment industry giants are eager to explore ways in which their large networks can usefully overlap with the world of digital assets.
In the first half of the current month, the media published information, according to which MetaMask, a popular cryptocurrency wallet for the Ethereum blockchain, is testing an entirely on-chain payment card running on Mastercard’s network and issued by Baanx. MetaMask is the biggest self-custody wallet with more than 30 million monthly active users.
As we have reported earlier, Visa and Fold to Launch Credit Card.
