World launches Money app in 150+ countries with self-custody features
New app combines wallets, payments, and trading
World has started rolling out a new financial application called World Money in more than 150 countries. The app allows users to hold stablecoins, send payments, trade assets, and earn interest from a single self-custody platform.
Self-custody means the user holds the keys to their own digital assets rather than leaving them with a bank or exchange. The company states that existing users of the World App or World ID App can transfer their credentials to the new platform.
Features vary significantly by location
- Access is not the same everywhere; eligibility and available features depend on the user's country.
- Virtual accounts linked to banks require identity checks and are only available in supported regions.
- The "Earn" feature, which provides yield on assets, is limited to selected countries.
- In the U.S., a Stripe-powered Apple Pay funding flow is being introduced alongside a Kalshi Mini App for event contracts.
Virtual accounts convert paychecks to stablecoins
World’s virtual accounts allow users to receive paycheck deposits that are converted into USDC, a stablecoin pegged to the U.S. dollar. For U.S. users, funds move through Lead Bank and Bridge before landing in the user’s wallet on the World Chain.
These accounts do not support person-to-person bank transfers. Users can send digital assets to other World Money users by username, but this is separate from the virtual account functionality. In countries like Argentina, Colombia, and Mexico, local currency accounts are provided by Ripio, but these do not accept payroll deposits.
Morpho powers the yield-earning function
The app’s Earn feature connects user assets, including WLD, USDC, wrapped ether, and wrapped bitcoin, to on-chain lending programs powered by Morpho. The interest rate, or annual percentage yield, varies and withdrawals can be delayed due to liquidity conditions.
World notes that these on-chain programs carry smart-contract and market risks. Digital assets in the app are not government-insured, and the company clarifies that it is a tech provider, not a bank.
Support limitations for lost access
Because the app uses self-custody, World cannot reset passwords or restore accounts if a user loses their device without having saved a backup login method. This places the responsibility of account security entirely on the user.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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