Worldcoin's price has surged by 10% as discussions between its parent company, World Network, and payment giant Visa take center stage

The potential collaboration could significantly reshape the landscape of digital payments, allowing users to make stablecoin payments through Visa's expansive network.

Worldcoin's price rose by 10% on Thursday as rumors surfaced about a potential partnership between its parent company, World Network, and payment giant Visa.

What Happened: According to reports, the two companies are in discussions that could see them integrate stablecoin payments into Visa's vast network. This partnership would allow users to easily make stablecoin payments at the millions of merchants worldwide where Visa is accepted.

The partnership would likely see Visa card option be linked to World Network's World Wallet. The goal is to make the wallet as multifunctional as a bank account, making it a complete financial application. Consumers could use the same application to transfer foreign currency, transfer digital assets, and engage in other Fintech services.

Visa has been a frontrunner in the adoption of stablecoins. Recently, the company announced support for USDC in its cross-border payments and integration with Visa merchant acquirers like Worldpay.

Earlier this year, World Network announced the addition of more identity verification solutions with the aim of expanding its ecosystem. Recently, the company launched World Chat, a messaging feature in the World App that enables users to communicate securely. To receive and send messages, users must verify their identity through face and voice recognition, ensuring that the messages are from real people.

Also, the company has partnered with Razer, a company that focuses on gaming hardware, to help solve the issues arising from bot involvement in online games. Together, they will be launching Razer ID, a service that identifies whether an online user is a human or a bot.

The proposed partnership between Visa and World Network could significantly enhance the World Wallet by enabling users to deposit and withdraw both fiat and stablecoins. It would create a seamless bridge between traditional finance and the rapidly growing crypto sector.

This would allow users to manage all their financial needs in one platform without relying on traditional banking services.

Worldcoin Price Analysis: Is A Bullish Rally Looming?

The WLD/USDT price chart shows a recent downtrend, followed by a consolidation phase. A strong WLD price support zone has formed near $0.80, providing a base for potential upward movement.

The $0.80 level has served as a strong support zone, holding well through recent price movements. If the Worldcoin price remains above this level, further upward momentum is likely. The price is now approaching the $1.00 to $1.10 resistance range, which has previously capped price action.

An inverse head and shoulders pattern is emerging, which typically signals a bullish reversal. The left shoulder is formed around $0.80, with the head below it, and the right shoulder is forming higher. If the Worldcoin price breaks through the $1.00 resistance, it could confirm the pattern and push the price higher.

Currently, the RSI is around 50, which indicates neutral market sentiment. However, if the RSI rises above 50, it would signal increasing bullish momentum, supporting a breakout above resistance.

If the price breaks above the $1.00 resistance, the inverse head and shoulders pattern would likely be completed, pushing the price toward the next resistance zone, around $1.10 or higher.