What if your digital portfolio became your banker? This is the bet that Sam Altman, CEO of Openai, seems to want to raise with Worldcoin. According to sources close to the file, Tools for Humanity, the company behind this project, would negotiate with Visa to create a portfolio of payments in Stablecoin. An alliance between crypto audacity and traditional financial infrastructure. Objective: to transform the World WALLET into a universal “mini-bank account”. But behind this promise hide challenges as complex as the iris scanned by Worldcoin.
World Wallet: reinvention of the bank account
Dollars, euros, Bitcoin: in the World Wallet, these currencies do not meet – they merge.
Far from being a simple digital safe, this wallet promises instant conversions between fiduciary and cryptos currencies, all controlled from a visa card. An unprecedented fluidity, where the border between traditional economy and decentralized active ingredients is erased.
According to an internal source, the idea is to “load, send and spend without borders”. A revolution for 1.7 billion people who are not banished, but also for ordinary users in search of simplicity.
Rain, a partner supported by Coinbase and Circle, would play a key role. Already involved in projects such as Optimism and Avalanche, this Crypto Card Facilitator could provide the necessary technical infrastructure.
A strategy that places visa at the heart of an expanding ecosystem. For Altmanit is a question of capitalizing on its network and its influence to dominate an in full change market. “Other portfolio suppliers should worry,” said an initiate.
In parallel, World Network recently launched World Chat, messaging incorporating crypto money transfers. A holistic approach: communicate and transfer funds in the same space. The wallet would therefore only be a much larger piece of a puzzle, aimed at redefining our relationship to money.
Crypto and biometrics: risky equation
However, Worldcoin's ambition is not unanimous. Since 2021, its IRIS digitization orb has raised ethical questions.
Collect biometric data in exchange for cryptos: a method deemed intrusive, even predatory, in certain emerging countries. A paradox for a project that is intended to be inclusive. “Innovation should not justify surveillance,” recall its detractors.
The regulators are watching. Stablecoins, often perceived as a threat to monetary sovereignty, could attract reinforced controls.
Visa, accustomed to navigating in the troubled waters of compliance, will he be able to impose this unacceptable partnership? Nothing is less certain. Especially since Mastercard also explores similar collaborations, feeding a silent race between payments giants.
The partnership between Openai and Visa could mark a decisive turning point: that of the crypto passage from a technophile niche market to a real general public tool. This development becomes all the more likely with the involvement of major actors like Blackrock, which contributes to demystify bitcoin.
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