Worldcoin to extend ID verification system to businesses and governments

Worldcoin to extend ID verification system to businesses and governments

On Aug. 2, Worldcoin announced plans to expand its global operations, allowing other organizations to use its iris-scanning and identity-verification technology. Launched July 25, Worldcoin ( WLD ) operates by providing users a digital ID and free cryptocurrency in some nations in exchange for iris scans, making strides toward establishing a consolidated “identity and financial network.”

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Users globally have been subjecting themselves to facial scans by an elegant, spherical device termed “orb.” This action, despite concerns from privacy activists about the potential misuse of the biometric data, […]

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