Sam Altman, CEO of OpenAI, is reportedly in discussions with Visa to develop a cryptocurrency stablecoin payment wallet.
This initiative aims to integrate Visa card features into the World Network’s self-custody crypto wallet, potentially transforming it into a “mini bank account” for users.
The proposed collaboration seeks to enable World Wallet users to conduct stablecoin-based transactions with merchants worldwide that are part of Visa’s extensive network.
The wallet might provide a range of financial services, such as foreign exchange apps and smooth conversion between fiat and cryptocurrencies, by integrating Visa card capability.
Visa and other card issuers have apparently been contacted by Tools for Humanity, the group in charge of World Network and Worldcoin, to discuss possible product collaborations. The objective is to turn World Wallet into a full-featured financial instrument, or “mini bank account,” that enables users to easily manage and spend their digital assets.
This collaboration intends to combine cryptocurrencies and traditional banking, making it easier for users to utilize digital money in everyday situations. Using Visa’s network, the initiative might enable users to make safe and straightforward payments with stablecoins for everyday transactions.
So far, neither Visa nor Tools for Humanity has made any official statements regarding the talks. The result of the talks is yet to be known, but the suggested integration would be a major step towards the merging of digital currencies and traditional payment systems.
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