According to reports, World Network is in talks with Visa to launch a new stablecoin wallet. This would integrate crypto-native features into Visa’s massive customer base.

Worldcoin’s price jumped 13% since this news first broke. However, there is no firm indication of how likely these parties are to reach an actual deal.

World Network (formerly Worldcoin), a blockchain-based biometric identification system, may be entering a partnership with Visa soon.

According to recent reports, World’s parent company, Tools for Humanity, initiated this dialogue. It wishes to team up with Visa to create a new stablecoin wallet integrated with a massive customer base:

“OpenAI CEO Sam Altman is reportedly working with Visa to develop a crypto stablecoin wallet tied to the Worldcoin ecosystem. The wallet would integrate on-chain card features and allow stablecoin payments across Visa’s global network. Sources say the goal is to make the World Wallet a ‘mini bank account’ with FX, fiat ramps, and more,” Mario Nawfal stated on X.

Over the past few months, Worldcoin’s value has gone down dramatically. Although it briefly rallied towards the end of 2024, investor sell-offs and regulatory setbacks have consistently frustrated its fans.

However, since the talks between Visa and World network were first publicized, Worldcoin managed a rally of 13%.

Visa, for its part, has collaborated with several crypto companies in the past. It entered the RWA market in 2024 and also partnered with Coinbase to allow Visa debit cards for instant fund transfers.

However, the firm also explored stablecoin market trends last year, with discouraging results. Stablecoins may even threaten Visa’s core business model.

In other words, World Network wants stablecoins at the center of a future deal with Visa, but that might be a sticking point. So far, the talks are apparently in the early stages, and there is no indication whatsoever of how likely a deal is. Nonetheless, active discussions are happening, and this has helped Worldcoin’s value rebound.

It’s important to remember that stablecoins may be a much bigger component of world finance soon. In a recent speech, Donald Trump claimed that stableoins will have an important role in promoting dollar dominance worldwide.

This may possibly incentivize Visa to partner with World Network, but it’s too soon to say.

The post World Network in Talks with Visa to Launch Stablecoin Payments Wallet appeared first on BeInCrypto.

168 +