Worldcoin: Will this global cryptocurrency stand up and could it take down bitcoin? | City & Business | Finance


Worldcoin is running a pilot, involving about 30 Orbs in various countries, and storing a lot of data, including images of peoples’ eyes, bodies, and faces and their three-dimensional scans, according to the company’s own promotion material.

The firms’ website said: “Without it, we wouldn’t be able to fairly and inclusively give a share of Worldcoin to everyone on Earth.

“But we can’t wait to stop collecting it and we want to make it clear that it will never be our business to sell your personal data.”

The cryptocurrency expert said despite these aims, there are criticisms of these eye scans.

Mr Matveev told “Even though the incentive to join is high, the most severe critics (including Edward Snowden) urge people not to give their biometrics, or blame Worldcoin for targeting the poor.

“Specialists are blaming the project for its opacity as it has yet to design its governance.”

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