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- World Network may soon allow stablecoin spending at thousands of Visa-supported merchants.
- Talks with Visa could turn Sam Altman’s World Wallet into a full-service crypto financial tool.
- World ID, the core of World Network, links digital identity with real-world payment capabilities.
World Network, led by Sam Altman, continues discussions with Visa to allow digital wallet users to use stablecoin payments via its global network. The report from CoinDesk on Monday shows how World Network could gain access to Visa card capabilities that will let its users conduct stablecoin transactions across merchants in the global Visa payment network.
The talks revealed by an informed source show significant progress in merging cryptocurrency products with established payment systems. The finalized agreement will enable World Wallet self-custody users to conduct stablecoin payments at the thousands of outlets that accept Visa payments.
World Network operates as a venture founded by OpenAI leader Sam Altman, focusing primarily on providing World ID as its key digital biometric ID authentication product. The World ID service from the company functions as an electronic verification tool that helps people confirm they are genuine humans rather than artificial bots operating online.
Proposed Integration Aims to Merge Digital Identity with Financial Transactions
World Wallet additionally pursues the Visa partnership as part of a larger initiative to provide core functions above asset management. When Visa card support comes online, the wallet will operate like a complete financial account. World Wallet will enable users to transfer stablecoins while adding foreign exchange support and on-and-off access to fiat currencies through its platform.
Multiple industry representatives interpret this advancement as a major movement towards combining blockchain technology with conventional financial systems. Digital asset providers work toward better collaboration with traditional payment systems to boost their user base and expand their reach.
Tools for Humanity runs World Network and has initiated talks with different payment technology businesses. Rain operates as a company relying on financial support from Coinbase and Circle to produce its integrated Visa card system that functions alongside Avalanche and Optimism.
Neither Visa nor Tools for Humanity have issued public comments in response to the report. Stablecoin negotiations represent another proof that these digital currencies strive to establish themselves as everyday tools for commercial transactions.
The reports about World Network and Visa discussions signal a closer movement of stablecoins toward practical everyday payment methods. World Network and other organizations work to establish digital identity connections with financial instruments, which gradually merges traditional finance with cryptocurrency.
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