World Network, a blockchain ecosystem developed to expand the functionality of the Worldcoin biometric identification system, is negotiating with Visa to integrate a stablecoin payment wallet.

The goal of the agreement is to incorporate Visa card functionality into the World Network wallet system, supporting multiple fintech applications and foreign exchange (FX) transactions, while providing fiat deposit/withdrawal and stablecoin payment solutions at thousands of Visa network stores globally.

In addition to Visa, World Network has also been working with crypto card providers like Rain – a company backed by Coinbase and Circle, specializing in on-chain Visa cards for projects such as Optimism and Avalanche.

A source revealed: "The plan is to build a fully connected wallet ecosystem that allows foreign exchange, crypto transactions, wallet funding, money transfers, and direct spending via card." They also emphasized that the ultimate goal is to transform World Wallet into a miniature bank account, helping users access financial services more easily.

With Sam Altman's strong financial potential and influence, the source said that "other wallet providers have reason to be concerned" about World Network's new advancement.