World Network, the blockchain-based ecosystem built to expand the functionality of the biometric identification system WorldCoin, is in conversations with map giant visa to link card office functions to a self-defense crypto-design book, according to a person familiar with the plans.
The goal is to bring Visa Card Functionality to World Network cartoons that provide a number of fintech and FX applications, Fiat and Off-Ramps, as well as allow stablecoin-based payments to thousands of merchants around the world that are part of the Visa network.
Tools for humanity, the company designated by Open AI CEO Sam Altman, who oversees WorldCoin and World Network, sent a product form request to card issuers seen by Coindesk.
World Network has been in conversations with crypto map facilitators such as Rain, a company supported by Coinbase and Circle, providing on-chain visa cards for projects such as optimism and avalanche.
“The plan is to build a whole connected wallet strategy so that you can trade with all kinds of things, from eg to crypto, load to wallet, send to wallet, use from maps,” according to a source familiar with the plans. “Basic to transform the world’s wallet into a mini bank account for anyone who wants it.”
Given Altman’s resources and general bricks, “other wallet providers should be concerned,” the source added.
Earlier this month, World Network announced a World Chat application and the opportunity to send money in the form of crypto-based transactions between users on the network.
Worldcoin, the Iris scan of Orb, which collects biometric data for the network, has attracted more than its reasonable share of controversy Since then appeared in 2021.
Large map networks such as Visa and Mastercard have worked with crypto projects and wallet companies to explore ways in which their large network can overlap with the world of digital assets.
Tools for humanity refused to comment. Rain also refused to comment. Visa did not make a comment after publication time.