Worldcoin, a cryptocurrencycurrency initiative led by Tools for Humanity and co-founded by OpenAI CEO Sam Altman, is looking into collaboration prospects with OpenAI and PayPal, a banking and financial services provider.
However, the corporation has experienced regulatory barriers all around the world, particularly in Spain and Portugal, as well as operational limits in some European nations due to data privacy concerns. As a result, Worldcoin implemented measures such as better user consent procedures and a feature that allows users to request data erasure through the app.
This aligns Worldcoin’s activities with digital identity verification and bitcoin distribution.
This network will benefit human users more than its automated competitors. The network will interact with the Worldcoin protocol, increasing the efficiency and speed of transactions in the Crypto ecosystem.
The Worldcoin team uses Orbs technology, a scanning device that combines visual iris capture, as the primary means of electronic identification. Dates for the World Chain, a Layer-2 network on the Ethereum platform, were already announced.
Read also: Spain Puts Temporary Ban On Worldcoi For 3 Months Due To Privacy
