World Network is in discussions with Visa about integrating financial card features with their self-custody crypto wallet, which could simplify using crypto for daily expenses.
World Wallet's Transformation into a Digital Bank
The plan for World Wallet is to function like a small digital bank, allowing currency trading, money storage, payments, and purchases. This move could increase user control over funds without a traditional bank's involvement.
Building a Crypto-Fintech Ecosystem by World Network
World Network is expanding its offerings, including the World Chat messaging platform for sending crypto. A partnership with Visa could integrate crypto into daily spending, creating competition for other wallets. This initiative aligns with co-founder Sam Altman's vision of combining traditional financial tools with blockchain.
Mainstreaming Crypto Cards
Crypto-linked credit cards like those proposed by World Network and Visa are not new. Companies like Visa and Mastercard are actively partnering with crypto firms to facilitate seamless transactions from digital assets to traditional currency, enhancing their practical value. Recent initiatives, such as the Avalanche Foundation's Visa card, continue this trend.
The talks between World Network and Visa highlight the convergence of traditional finance and blockchain. A successful partnership could revolutionize digital wallets' functioning and role in everyday economy.
