world network Archives - Coin Engineer

World Network Negotiates with Visa for Stablecoin Payments!

Yigit Taha OZTURK — Mon, 24 Mar 2025 16:30:47 +0000

Tools for Humanity, the company founded by OpenAI CEO Sam Altman and overseeing World Network, is reportedly negotiating with Visa to integrate stablecoin payment services into its World Wallet. According to a source familiar with the matter, this partnership aims to allow World Wallet users to make both crypto and fiat payments through Visa’s global network of merchants.

Visa Integration for Crypto Payments

World Network is building an ecosystem that enables self-custody wallets to connect directly with Visa’s merchant network. The new service would offer stablecoin payments, foreign exchange services, fiat on and off-ramps, and a variety of fintech applications.

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Tools for Humanity has submitted a product request form to Visa and other card issuers. In addition, World Network has been in discussions with Rain, a crypto card provider backed by Coinbase and Circle, which offers Visa cards for projects like Optimism and Avalanche.

Turning World Wallet Into a “Mini Bank Account”

A source familiar with the plans stated that the goal is to turn World Wallet into a “mini bank account,” allowing users to trade FX and crypto, load and send funds, and spend directly from their card. The source added that Sam Altman’s significant resources and influence might pose a competitive challenge to other wallet providers.

World Chat and Biometric Data Concerns

Earlier this month, World Network announced its World Chat application, enabling users to transfer cryptocurrency between accounts within the network. Meanwhile, the Worldcoin Orb, which scans users’ irises for biometric identification, has remained controversial since its 2021 launch.

Major payment networks like Visa and Mastercard are intensifying collaborations with crypto projects to expand their role in digital assets. A potential partnership between World Network and Visa could mark a significant milestone in this trend.

Representatives from Tools for Humanity, Rain, and Visa declined to comment on the matter.

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Worldcoin Comes to Turkey with Its New Branding

Tanju Akbıyık — Fri, 18 Oct 2024 14:00:32 +0000

Worldcoin announced its important developments with its event called “A New World”. At the event, it was announced that Worldcoin will be rebranded as “World” and “World Network”. In addition, the new version of Orb used in the project’s identity verification processes was introduced and it was stated that AMPC, a new technology that anonymizes eye scan data, will be put into operation.

The new Orb offers 5 times higher performance than the previous model and has advanced infrared and camera systems supported by artificial intelligence. This new version will be able to better prevent fraud and will be effective even in low light conditions. In addition, the new Orb will have 5G connection and can be used in places where there is no WiFi. After the Orb verification is made, the images will be stored on the device and permanently deleted on the Orb.

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While World ID 3.0 is presented as the most advanced version in terms of privacy, security and scalability, users will now be able to earn WLD tokens without verifying the Orb. World ID Credentials will also make it easier for people who have not verified to access this identity system.

World ID will be available in many countries, including Turkey, in the coming weeks. Users will be able to store their physical ID information with NFC-enabled devices, but this information will not be accessible by the World Foundation. In addition, World App 3.0 was introduced with features such as mini-apps and new payment systems.

These developments constitute an important step in the global expansion of Worldcoin and its opening to new markets such as Türkiye.

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Worldcoin Rebrands as “World Network”

Tanju Akbıyık — Fri, 18 Oct 2024 01:00:35 +0000

Popular cryptocurrency project Worldcoin is entering a new era by changing its name to World Network (World). With this move, the company aims to go beyond being just a cryptocurrency platform and become an ecosystem that provides digital identity verification and financial services on a global scale.

World Network plans to offer digital identity verification, decentralized finance (DeFi) and payment solutions using blockchain technology. The company’s new vision is to provide individuals with easier access to financial services through a universal digital identity. The biometric identity verification device developed in this direction, called Orb, will enable users to participate in the system securely.

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The rebranding aims to appeal to a wider user base by focusing on identity verification and financial service integration. With its new strategy, World Network aims to create a fair and accessible ecosystem in the digital economy. The company will continue to support this process with global partnerships and provide secure, transparent solutions in the digital world.

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