- Worldcoin has taken initiatives to expand its services globally.
- Many countries and authorities have embraced the Digital ID system of Worldcoin.
- Kenya’s ministry suspended Worldcoin’s activities concerning its potential risks.
A recent report revealed that Worldcoin, a leading financial public network and crypto project, has taken the initiative for a global expansion, availing its iris-scanning and identity-varying technology to governments and other organizations. While some countries have seen people queuing up to take part in the project, Kenya has reportedly suspended Worldcoin’s activities over its potential risks.
Worldcoin aims to create an “identity and financial network” and become a digital decentralized ID. The project necessitates the public to scan their iris in exchange for a digital ID. The team proclaimed that over 2.2 million people signed up in two years. Sam Altman, the co-founder of Worldcoin, pointed out the wide acceptance of Worldcoin’s iris scanning device, “Orbs’, claiming that one individual is being verified every eight seconds.
According to the report, the platform has detailed several applications of the project including a way to differentiate between human intelligence and artificial intelligence. In addition, companies could use Worldcoin’s ID system for an unbiased and easy identification of customers, after paying Worldcoin.
Ricardo Macieira, General Manager for Europe at Tools For Humanity, the company behind the Worldcoin project, declared that the team would continue its expansion to various countries in Europe, Africa, Latin America, and “all the parts of the world” that would accept them. He added, “We are on this mission of building the biggest financial and identity community”.
However, a recent report indicated that the interior ministry of Kenya has suspended the project, alleging that the iris scan could potentially harm public security. The authority warned the massive crowd who gathered for signing up to be cautious of revealing their personal data.
Kenya hinted at the investigation that the country has started, diving into the authenticity and legality of the project. Kithure Kindiki, the interior minister, said, “Relevant security, financial services, and data protection agencies have commenced inquiries and investigations to establish the authenticity and legality of the aforesaid activities”.
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