Worldcoin surpassed BTC and ETH in terms of value growth

Worldcoin (WLD), a cryptocurrency founded by Sam Altman, has risen sharply amid news of a possible cooperation with payment giant Visa. Over the past day, the token has risen by more than 11%, leaving behind Bitcoin BTC $83,262.67 Bitcoin 0.20% Market capitalization $1.65 trillion VOL. 24 hours $0.9 billion and Ethereum ETH $1,830.74 Bridged Ether (StarkGate) -2.00% Market capitalization $0.16 billion VOL. 24 hours $0.66 billion .

According to Benzinga, the reason for the jump was reports of Worldcoin’s negotiations with Visa to create a stablecoin wallet that can be integrated into the company’s large payment infrastructure. Against this background, the token’s trading activity almost tripled, with trading volumes reaching $ 234 million and the price jumping to a two-week high of $ 0.94.

While bitcoin fell by 0.54% overnight and Ethereum dropped by 0.7%, WLD showed one of the best results on the market. Despite the general decline in the value of cryptocurrencies since the beginning of the year, this jump reminded investors of the project’s potential.

Worldcoin is known for its digital identification system — the project uses lens biometrics to confirm the uniqueness of each user. For this, participants receive WLD tokens. This scheme has repeatedly drawn criticism due to the risks to privacy and personal data collection.

Worldcoin has already been banned in Hong Kong, Kenya, and Spain due to data protection concerns. However, the news of a possible partnership with Visa has put the asset back on investors' radar, despite the fact that the token’s price has fallen by 56% since the beginning of the year.