Worldcoin has a unique plan to create a huge system that connects IDs and money on a global scale. This is achieve by the use of a special technology that scans people’s eyes. Instead of relying on passwords or cards, you can simply use your eyes to prove who you are and handle financials matters.
Imagine how life can be, when you don’t have to remember numerous passwords or carry lots of cards!. With the Worldcoin’s approach, you just need to let the eye-scanning technology identify you. This could make things much easier and more secure for people of all classes and ages.
The idea is that this technology will allow you to quickly and securely confirm your identity, which in turn will grant you access to financial services and other services which requires identification and verification. This can be a game-changer, making transactions and managing money more convenient and safe.
Worldcoin’s innovating plan has the potential to completely transforms the way we manage our identities and finances on a global leve.
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Worldcoin uses iris scans for verification because each person’s iris is unique thus making it hard to fake. However, there are significant risk when giving away this kind of data. Unlike a Driver’s license or password, you can’t change your iris if someone gets hold of the data and misuses it.
Worldcoins is also known as the World’s ID since it turns iris into a unique code for each user. This code is stored on a secure digital system to prevent fakes. If a user doesn’t want data stored , scans are detected, but they will be needed to verify it again. If they choose data storage, the scan are encrypted and kept safe.
The Worldcoin project is becoming popular in Kenya. People are lining up at shopping malls to get their iris scans done.
Crypto companies like Nuzo in Kenya are also helping people turn their tokens into cash because of Worldcoins popularity. Recently, the world App, which is like a wallet for WorldCoin cryptocurrency, has also become popular. It is now the most downloaded app in Kenya’s Play store
