World Network, the blockchain-based ecosystem built to extend the functionality of the WorldCoin biometric identification system, is in talks with a cards giant visa to link the characteristics of the cards on the chain to a portfolio of auto-custodia cryptography, according to a person familiar with plans.
The objective is to provide visa card features to the world network portfolios, to provide a range of fintech and FX, Fiat on and off-bamps applications, as well as allow payments based on stables to thousands of merchants from around the world which are part of the Visa network.
Tools for humanity, the company co -founded by the CEO of Open AI, Sam Altman, which oversees Worldcoin and World Network, sent a product transmitting form request, which was seen by Coindesk.
World Network was in talks with Crypto Card Facilitators such as Rain, a company supported by Coinbase and Circle which provides chain visa cards for projects such as optimism and avalanche.
“The plan is to build an entire connected portfolio strategy so that you can exchange all kinds of things, from FX to the crypto, to load the wallet, to send to the portfolio, to spend from the card”, according to a familiar source with the plans. “Basically, transform the global portfolio into a mini bank account for all those who wish.”
Given Altman’s resources and general influence, “other portfolio suppliers should worry,” added the source.
Earlier this month, World Network announced a global cat application and the possibility of sending money in the form of transactions based on cryptography between network users.
Worldcoin, the IRIS digitization orb that collects biometric data for the network, attracted more than its just part of controversy Since membership in 2021.
The networks of large cards like Visa and Mastercard have worked with crypto projects and portfolio companies to explore the way their large networks can usefully ride the world of digital assets.
The tools for humanity have refused to comment. The rain also refused to comment. Visa did not provide a comment in publication times.
