Worldcoin Surges 10% on Visa Partnership Talks

Worldcoin's price has surged by 10% as discussions between its parent company, World Network, and payment giant Visa take center stage. The potential collaboration could significantly reshape the landscape of digital payments, allowing users to make stablecoin payments through Visa’s expansive network.

World Network, the blockchain ecosystem supporting Worldcoin, is exploring ways to integrate stablecoin-based payments into its World Wallet. By integrating with Visa, users would be able to pay via stablecoins for goods and services at the millions of outlets where Visa is accepted. The cooperation is aimed at linking Visa card options to World Wallet, making the wallet comparable to bank accounts and pursuing the goal of becoming a comprehensive financial application. Consumers could use the same application to transfer foreign currency, transfer digital assets, and engage in other fintech services.

Over the years, Visa has been one of the pioneers pushing for the adoption of stablecoins. It has recently added support to use USDC for its cross-border payments as well as integrating with Visa merchant acquirers. The proposed Visa partnership could significantly enhance the World Wallet by allowing users to deposit and withdraw both fiat and stablecoins. If successful, it would create a seamless bridge between traditional finance and the rapidly growing crypto sector. This would allow users to manage all their financial needs in one platform, without relying on traditional banking services.

World Network has been deploying more strategies to ensure that it expands on its identity verification solutions. A fairly recent addition to its ecosystem is World Chat, a messaging feature available in the World App that enables users to communicate securely. To receive and send a message, one must verify their identity through face and voice recognition to ensure that the messages are from real people rather than from fake accounts that may have been created for malicious purposes. The company has also partnered with Razer, which focuses mainly on gaming hardware, to handle issues that emanate from bot involvement in online gaming. Combined with this, they unveiled Razer ID and World ID to affirm whether the user is a human or not. Such actions are also in line with the overall plan of World Network to expand its impact across several sectors including gaming, communication, and finances.

According to analysts, the WLD/USDT price chart reveals a recent downtrend, followed by a consolidation phase. A WLD price support zone near $0.80 has held strong, providing a base for potential upward movement. The $0.80 level has served as a strong support zone, holding well through recent price movements. If the Worldcoin price remains above this level, further upward momentum is likely. The price is now approaching the $1.00 to $1.10 resistance range, which has previously capped price action. An inverse head and shoulders pattern is emerging, which typically signals a bullish reversal. The left shoulder forms around $0.80, with the head below it, and the right shoulder forming higher. If the Worldcoin price breaks through the $1.00 resistance, it could confirm the pattern and push the price higher. Currently, the RSI is around 50, indicating neutral market sentiment. However, if the RSI rises above 50, it would signal increasing bullish momentum, supporting a breakout above resistance. If the price breaks above the $1.00 resistance, the inverse head and shoulders pattern would likely be completed, pushing the price toward the next resistance zone, around $1.10 or higher.