Worldcoin, a cryptocurrency and digital ID project co-founded by OpenAI CEO Sam Altman, has recently announced its plans to expand globally and offer its iris-scanning and identity-verification technology to other organizations. The company, which launched last week, requires users to give their iris scans in exchange for a digital ID and free cryptocurrency.
Worldcoin’s Mission
According to Ricardo Macieira, the general manager for Europe at Tools For Humanity, the company behind the Worldcoin project, the company is on a mission of “building the biggest financial and identity community” possible. The idea is that as they build this infrastructure, they will allow other third parties to use the technology.
Privacy Concerns
Worldcoin’s iris-scanning technology has been met with both excitement and concern. On one hand, it offers a unique way to verify identity and enable instant cross-border financial transactions. On the other hand, there are concerns about privacy and the potential misuse of biometric data. Data watchdogs in Britain, France, and Germany have said they are looking into the project.
Despite these concerns, Worldcoin has already seen significant adoption. According to the company, 2.2 million people have signed up, mostly during a trial period over the last two years. The company has also raised $115 million from venture capital investors including B
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