Sam Altman and Elon Musk are competing to build comprehensive super apps in Silicon Valley. Altman, through his company Tools for Humanity, is launching the World app which functions as a crypto wallet, social network, and mini-app platform, leveraging Worldcoin as a currency. With 26 million users, the app allows for messaging and cryptocurrency transactions via blockchain-based identifiers. Meanwhile, Musk plans similar developments for his platform X, aiming to integrate money features and engage in partnerships like that with Visa. Both leaders are also addressing identity verification to combat bot issues, enhancing user trust.
Altman noted, 'It was clear to us that there was a growing need for a reliable identity verification method to address the bot issue in online spaces.'
Musk is aiming to integrate finance into X, stating, 'We want to create an ecosystem that encompasses all aspects of life, from social networking to financial transactions.'
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