Worldcoin, Visa Discuss Integration for Global Payments

Worldcoin, a cryptocurrency project co-founded by Sam Altman, is in discussions with visa to integrate card features into its World wallet. The aim of this collaboration is to enhance the functionality of the World wallet, also known as the World App, by incorporating Visa card features. This integration would allow users to make real-world payments at millions of merchants worldwide that accept Visa, effectively turning the wallet into a “mini bank account.” Users could deposit and withdraw fiat and stablecoins seamlessly, as well as engage in foreign exchange (FX) transactions.

Worldcoin, which launched out of beta in July 2023, has faced controversy due to its invasive approach to privacy. The project aims to create a global identity and financial network by verifying a “proof of personhood” through iris scanning with a device called the Orb. In return, users receive a World ID and, in some regions, a small amount of the cryptocurrency (WLD). However, the biometric data collection methods have sparked a backlash from privacy advocates and led to legal consequences. Worldcoin has been under investigation by several European countries for alleged GDPR violations. In December 2024, a German regulator ordered Worldcoin to delete improperly collected biometric data and implement GDPR-compliant procedures.

These challenges could impact the partnership’s success and public perception. However, if the collaboration goes through, it could result in a strong alliance between two fintech heavyweights, potentially threatening other crypto wallets. Worldcoin has been actively expanding its ecosystem to offer more than just identity verification and cryptocurrency. Recent additions include World Chat, a secure messaging platform integrated with the World App, which allows users to send and receive cryptocurrency easily. The partnership with Visa would enable Worldcoin to evolve into a versatile tool, providing advanced fintech services, such as crypto-based payments and cross-asset functionality, including fiat on- and off-ramping.

“The plan is to build up a whole connected wallet strategy so that you can trade in all kinds of things, from FX to crypto, load to wallet, send to wallet, spend from card. Basically to turn World Wallet into a mini bank account for anyone who wants it,” a source familiar with the plans said. This integration would allow users to make payments across Visa's global network, potentially turning the World Wallet into a comprehensive banking tool. The proposed World Wallet will integrate stablecoin payments and on-chain card features, facilitating seamless transactions for users. This move could significantly accelerate the adoption of digital currencies by leveraging Visa's extensive global customer base.

The integration of stablecoins into the Visa network could have far-reaching implications. Stablecoins offer faster and cheaper cross-border transactions, which could challenge Visa's traditional business model. However, this integration could also foster mass adoption of cryptocurrencies, providing millions of users with decentralized finance tools through trusted payment methods. The potential partnership between Worldcoin and Visa has generated significant interest in the financial markets. While the success of the negotiations is not yet certain, the possibility of such a collaboration has already sparked excitement and speculation. The outcomes of this partnership could have a profound impact on the future of digital finance, as traditional financial institutions increasingly explore the integration of blockchain technology.

The discussions between Worldcoin and Visa are still in the early stages, but the potential benefits are clear. By integrating Visa's card features into the World Wallet, users would gain access to a range of financial services, including stablecoin payments, FX applications, and fiat conversions. This could make the World Wallet a more attractive option for users seeking a comprehensive financial tool. The integration of stablecoins into the Visa network could also have broader implications for the global financial system. Political leaders are considering the impact of stablecoins on financial stability and the potential for digital currencies to strengthen the global dominance of the US dollar. As the story unfolds, it is clear that the intersection of traditional finance and blockchain technology is becoming increasingly important.