What happened?
Sam Altman’s crypto venture World, which uses iris-scanning technology, is now launching in the US. People in several US cities can scan their eyes at World orbs to receive the cryptocurrency Worldcoin (WLD). This launch follows a delay due to regulatory hurdles and privacy concerns regarding biometric data collection.
Who does this affect?
The launch of Worldcoin in the US affects individuals interested in using cryptocurrency and those concerned with digital identity verification. It could impact businesses partnering with World, such as Visa, Stripe, and gaming platform Razer. Additionally, it appeals to consumers in key US cities who can now access this new technology and asset.
Why does this matter?
This matters because Worldcoin’s launch in the US signifies a significant step in integrating blockchain with everyday financial transactions. By partnering with Visa and other platforms, World makes WLD more accessible and practical for consumer use, potentially increasing the adoption of cryptocurrencies. The introduction of a decentralized global identity system using iris scans could also influence market trends in digital identity verification and blockchain applications.