Worldcoin Establishes Partnership with Visa, This is the Goal!

Bittime - World Network, formerly known as Worldcoin, is in talks with Visa to integrate the card feature into their self-custody crypto wallet. 

The initiative aims to expand World Wallet's capabilities, enabling seamless stablecoin transactions across Visa's extensive merchant network. 

The partnership will enable stablecoin payments on Visa's global network, while Tools for Humanity, led by OpenAI CEO Sam Altman, is actively pursuing collaborations to expand financial accessibility.

Read about the news of the partnership between Worldcoin and Visa and the goals behind it in this article!

World Network's Strategic Steps Towards Partnership with Visa

World Network is in talks with Visa to integrate the card feature into their self-custody crypto wallet. 

This initiative aims to expand World Wallet's capabilities, enabling easier and broader stablecoin transactions.

This potential partnership follows an earlier report by Bloomberg which stated that World Network was exploring partnerships with PayPal and OpenAI. 

The goal is to increase technological innovation and financial accessibility through blockchain-based solutions.

Read also: Getting to Know OpSec Crypto: Decentralized AI and Cloud Computing Platform

Expanding Financial Access with the Visa Network

If these talks successfully result in a partnership, World Wallet users will gain access to Visa's extensive payments infrastructure. This integration is expected to facilitate:

• Stablecoin Transactions: Enables payments using stablecoins at millions of merchants supported by Visa.
• Fiat On-and-Off Ramps: Provides the ability for users to exchange between cryptocurrencies and fiat currencies more efficiently.
• Fintech and FX Solutions: Expands the usefulness of this wallet beyond standard crypto transactions, including foreign exchange services.

Implementation Steps and Key Players

Tools for Humanity, the organization behind World Network, has begun communicating with various card issuers. Reports suggest that crypto card facilitators such as Rain, a company backed by Coinbase and Circle, are being considered for integration. 

Rain has experience providing on-chain Visa cards for other blockchain ecosystems, including Optimism and Avalanche.

On Monday, Rain announced it had secured $24.5 million in funding in a funding round led by Norwest Venture Partners, with participation from Galaxy Digital, Coinbase Ventures, and Lightspeed. 

This financial support further strengthens its role as a potential facilitator in World Network's partnership with Visa.

The Role of Biometric Identity in Crypto Transactions

One unique aspect of World Network's approach is the use of iris scanning technology to create biometric identities. 

This feature, initially introduced through Worldcoin, allows users to securely verify their identity without relying on traditional financial intermediaries. 

If implemented within Visa's infrastructure, it could redefine how secure and verified financial transactions are conducted.

Read also: Bitcoin Mining in Pakistan Is a Solution to National Electricity Problems?

Expanding the Ecosystem: From Communications to Finance

World Network continues to expand its ecosystem. On March 7, they launched World Chat, a secure messaging app for verified users. This beta release integrates features such as:

• Tab Kontak: Enables direct communication between verified users.
• World ID Protocol: Guarantees secure identity verification.
• World App Wallet: Supports encrypted peer-to-peer transactions.

With peer-to-peer crypto transfer that already works, the integration of Visa card services will further strengthen World Network's position as a multi-functional platform that combines finance, communications and digital identity services.

Conclusion

World Network's talks with Visa mark a major step in bridging traditional payment systems with blockchain-based finance. 

If successful, this partnership could provide easier stablecoin payments, increase financial accessibility, and build a more integrated digital economy. As this project develops, its impact on the broader financial landscape will continue to be monitored.

FAQ

What are the key benefits of World Network's partnership with Visa?

This partnership will enable broader stablecoin transactions, access to Visa merchants, and increase global financial accessibility.

How biometric identity used in World Network?

World Network uses iris scanning technology to create unique digital identities, enabling secure verification of financial transactions without traditional intermediaries.

When will Visa card integration with World Wallet be available?

It is currently still in the discussion stage, but initial implementation steps have begun with the involvement of various card issuers and payment facilitators such as Rain.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

Vivian Nguyen, Worldcoin eyes collaboration with PayPal, OpenAI, accessed March 25, 2025

Author: SD