World App Introduces Encrypted Chat and Worldcoin Yields in Super-App Expansion

The World App update introduces encrypted World Chat, DeFi yield options up to 18% on Worldcoin holdings, expanded stablecoin support including USDC, and QR-code payments at over one million merchants in Argentina, advancing Tools for Humanitys super-app vision.

• World Chat enables secure messaging with end-to-end encryption and in-chat crypto transfers between verified users.
• Third-party mini-apps for prediction markets, games, and financial tools now integrate directly into conversations.
• Yield products via Morpho offer up to 18% on WLD and 15% on USDC, with new stablecoin and USD virtual account support in 18 countries.

What is the latest World App update？

World App update brings significant enhancements to the platform developed by Tools for Humanity, focusing on secure communication and financial services. The release adds World Chat, a messaging feature with end-to-end encryption that supports verified World ID users and allows seamless digital asset transfers. It also expands DeFi integrations and payment capabilities, positioning the app as a comprehensive tool for crypto users worldwide.

How does World Chat enhance user privacy and functionality？

World Chat introduces end-to-end encryption to protect conversations, distinguishing between verified and unverified World ID accounts to minimize risks. Users can now send or request digital assets directly within chats, streamlining peer-to-peer transactions. According to Tools for Humanitys announcement, the feature supports third-party mini-apps such as prediction markets, games, and financial tools that operate inside conversations, fostering an interactive ecosystem. Optional profile photo verification is planned to further reduce impersonation and misuse, enhancing overall security. This structured approach ensures short, scannable interactions while maintaining privacy standards comparable to leading messaging platforms.

Tools for Humanity, co-founded by OpenAI CEO Sam Altman and Alex Blania, unveiled these updates in San Francisco on Thursday. The company is expanding its World platform, which evolved from the former Worldcoin project, to encompass more than just digital identity and crypto payments.

Alex Blania, left, and Sam Altman. Source: Tools for Humanity

The app now supports a broader range of stablecoins, including USDC and EURC, alongside several Latin American peso-linked tokens. Yield products, powered by the DeFi protocol Morpho, provide up to 18% returns on Worldcoin (WLD) holdings and up to 15% on USDC balances, as stated by the company. This integration aims to offer users competitive earning opportunities within a trusted environment.

In Argentina, users gain access to QR-code payments at more than one million merchants, facilitating everyday transactions with stablecoins. Additionally, US dollar virtual accounts, powered by Bridge, are available in 18 countries, including the United States, Japan, and various Latin American markets. These accounts enable users to receive wages, fund from traditional banks, and spend USDC directly in the app, bridging fiat and crypto seamlessly.

Tools for Humanity leads the development of the World Network and operates the World App as part of its mission to provide digital identity and financial infrastructure. The platforms evolution reflects a commitment to user-centric innovation in blockchain technology.

Frequently Asked QuestionsWhat new payment options does the World App update offer in Argentina？

The update enables QR-code payments at over one million merchants in Argentina using stablecoins like USDC. This feature simplifies crypto spending for daily purchases, integrating seamlessly with local commerce while maintaining security through verified accounts, as per Tools for Humanitys details.

Which countries now support US dollar virtual accounts in World App？

US dollar virtual accounts are available in 18 countries, including the United States, Japan, and several Latin American nations. These accounts allow wage deposits, bank transfers, and USDC spending, making the app a versatile tool for global users handling cross-border finances.

The evolution of super apps in crypto ecosystems

Tools for Humanitys enhancements position the World App among emerging super-app models in Western markets, combining messaging, finance, and identity in one platform. This approach mirrors Asian successes like WeChat but adapts to crypto-native needs, such as DeFi yields and blockchain verification.

The super-app concept integrates social features, payments, and services into a unified interface. In the US, companies are increasingly incorporating crypto elements to create all-in-one experiences. For instance, after acquiring Twitter in October 2022, Elon Musk envisioned X as an “everything app” encompassing messaging, commerce, and more.

Source: Elon Musk

Musk described X Chat as a peer-to-peer, encrypted service competing with established platforms. He referenced WeChat as an inspiration, noting the lack of similar comprehensive apps outside China during a December podcast appearance. Musks history with OpenAI, co-founded with Altman in 2015 before departing in 2018, underscores overlapping visions in tech innovation.

Coinbase has also advanced toward super-app status by rebranding its wallet as the Base app, which merges trading, payments, social interactions, messaging, and mini-apps. Similarly, Walmarts OnePay banking app plans to introduce Bitcoin and Ether trading and custody this year, building on its existing banking, credit, and loan services to offer a US-centric super-app alternative.

These developments highlight a trend where crypto platforms evolve into multifaceted tools, enhancing accessibility and utility for users worldwide.

Key Takeaways

• Enhanced Security: World Chats end-to-end encryption and verification features protect user interactions and reduce fraud risks effectively.
• Financial Growth: DeFi yields up to 18% on WLD via Morpho provide substantial earning potential for stablecoin holders.
• Global Accessibility: QR payments in Argentina and virtual accounts in 18 countries expand practical crypto use for everyday transactions.