World Network, formerly known as Worldcoin, has entered early talks with Visa to develop a crypto wallet for integrating stable coin payments.
First Steps Towards Stable Crypto Payments
The discussions were initiated by Tools for Humanity, the company behind World Network. The proposed wallet is expected to function like a 'mini bank account,' including fiat on-ramps, foreign exchange capabilities, and on-chain card services using Visa's infrastructure.
Role of Key Participants in the Talks
Crypto influencer Mario Nawfal mentioned that OpenAI CEO Sam Altman is leading the talks with Visa. The wallet would be connected to the Worldcoin ecosystem and aims to make stable coin payments simpler, similar to traditional finance tools.
Overview of Current Trends and Prospects
Following this news, Worldcoin's price increased, showing investor interest and optimism. However, there is still uncertainty if a final agreement will be reached. Visa has previously explored the crypto space, but previous results have been mixed. Amid these discussions, stable coins may soon have a larger role in mainstream finance.
Currently, there is no confirmation or timeline for the deal, but the ongoing discussions and market reactions suggest that stable coins may soon play a more significant role in modern finance.
