Argentina, like Kenya, is responding to the Worldcoin project, which verifies its users’ data using an eyeball scan.
The company uses a special device called “Orb” to scan the iris of holders of the Worldcoin cryptocurrency. The creator of the project announced that the project is to implement an innovative global system of “financial identification and operations”.
Eyeball scan
Due to concerns about user privacy, Worldcoin came under scrutiny from Argentina’s Agency for Access to Public Information. The state agency has launched an investigation into Worldcoin’s collection, storage and use of customer data.
The agency has announced that it intends to carefully examine the Worldcoin project’s practices, particularly how it collects user data. If any irregularities are discovered, the Agency has said it will take action to address any related concerns. It is not yet clear what measures will be taken.
Kenya responds
According to industry media, Worldcoin is also of interest to the state authorities of France, Germany and Kenya, where a pilot program is underway – the company paid locals the equivalent of $50 for permission to scan the eyeball.
Local Worldcoin operations in Kenya were also suspended on August 2. The local Homeland Security Minister announced that this will last until authorities have the opportunity to assess the potential threat to their residents, industry comparic.pl writes.
“It should also be recalled that a few days ago local news services from Kenya reported that local police raided Worldcoin property and seized the equipment that could collect user data,” he added.
world coins
The Worldcoin currency is being marketed by a company owned by American investor and entrepreneur Sam Altman, one of the creators of the OpenAI artificial intelligence system and ChatGPT tool.
A statement on the Worldcoin website gave the following explanation of the idea of scanning human eyeballs. “The world’s largest identification and financial operations system, which we are developing, will serve a public function and give everyone the opportunity to own property. It will allow people to access the global economy regardless of their country of origin and individual history.”
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
