World App has launched a pilot of virtual bank accounts in the U.S., allowing users to receive direct deposits, such as payroll, directly in USDC. This new feature assigns unique virtual account numbers so that employers do not need to interact with the blockchain or pay gas fees.
Deposited funds are automatically converted into USDC, and users can add money from a bank, send cryptocurrency internationally, or spend it instantly, all without fees. The company plans to expand the pilot to other countries in future phases.
The initiative aims to integrate everyday finances with the crypto economy and simplify access to blockchain solutions. The app is built on the World network, founded by Sam Altman, which also develops World ID, a privacy-focused digital identity infrastructure designed to distinguish humans from advanced AI and online bots.
The project emphasizes speed, global coverage, and 24/7 availability, offering users an alternative to the limitations of traditional banking in international transactions, time zones, and fees.
Source: https://support.world.org/hc/en-us/articles/44413326159635-What-is-a-Virtual-Bank-Account
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
