Worldcoin: Sam Altman plans stablecoin payments with Visa – World Wallet becomes a mini-bank

Worldcoin: Sam Altman Plans Stablecoin Payments with Visa, World Wallet Becomes a Mini Bank

Project Worldcoin, created by OpenAI boss Sam Altman, wants to expand its use cases. Rumors indicate that an agreement with Visa is imminent, which could enable making and receiving stablecoin payments via the World App.

Worldcoin faces restrictions and accusations

Worldcoin, with its World ID identification through iris scans, met with suspicion in important markets and encountered bans or regulatory restrictions. For example, Worldcoin’s operations in Kenya are currently prohibited, and in Great Britain, the project is closely monitored. Critics raise alarm about privacy implications.

A possible agreement with Visa

Now, according to an insider report by The Block, things could move forward in a positive direction for Worldcoin. It is said that Sam Altman and his team are in promising talks with Visa for a collaboration. According to these plans, Worldcoin’s World Wallet could soon process payments with stablecoins like USDC.

World Wallet to become a mini bank

Through implementation with Visa, the decentralization script of Worldcoin would gain significant credibility. The project would bring its World Wallet closer to bank functions and distinguish itself as a leader for what’s called mini-banking. The Lightning Network complements these ideas and exemplifies how cryptocurrencies can be applied practically.

Currently only rumors around Worldcoin

With all the hopeful reports regarding Worldcoin, it should be noted that the official confirmation of a collaboration with Visa is still pending. However, if successfully realized, the signal effect would be significant for the crypto industry. Visa has already made communication around crypto topics part of its business, as seen in its pilot projects like partnerships with Solana.

Conclusion: Challenges and opportunities for Worldcoin

As other identification services in crypto look for large-scale adoption, Worldcoin’s unique value proposition is its advantage. Even if Worldcoin still has challenges to overcome, a successful collaboration with Visa is a major step toward legitimizing and expanding its business model. Observers will closely monitor how Worldcoin deals with regulatory challenges in the coming months.