Stripe has announced a new integration that allows World App users to convert their dollars into Worldcoin (WLD) tokens, simplifying the process for new users to access digital assets.
Integration with World App
As of August 29, 2023, World App users can easily buy WLD using familiar payment methods such as bank transfers, credit and debit cards, and PayPal. The integration is powered by Stripe’s infrastructure, which serves millions of businesses globally.
Significance for Worldcoin
The partnership with Stripe reflects Worldcoin’s broader ambition to scale its network and provide a more inclusive financial infrastructure. The project, backed by Sam Altman from OpenAI, aims to create a global identity system linked to crypto incentives.
Prospects for Further Expansion
Currently, the integration is only available to U.S. residents, but there are possibilities for expansion to other regions in the future. Making crypto purchases as simple as traditional transactions is a strategic move towards widespread adoption, considering Stripe's reputation for secure payment processing.
Stripe's integration with World App marks a forward step for Worldcoin, making cryptocurrency more accessible to a wider audience and emphasizing the growing significance of digital assets in today's financial ecosystem.
