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Cryptocurrency

Worldcoin says will allow companies, governments to use its ID system

Ricardo Macieira, regional manager, Europe holds the biometric imaging device, the Orb of the identity and financial public utility Worldcoin in his hands, to create a World ID digital passport, being able to trade in cryptocurrency issued, in Berlin, Germany August 1, 2023. REUTERS/Annegret HilseLONDON, Aug 2 (Reuters) - Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.Co-founded by OpenAI CEO Sam Altman, Worldcoin...
Cryptocurrency

German data watchdog probing Worldcoin crypto project, official says

LONDON, July 31 (Reuters) - A German data watchdog has been investigating OpenAI CEO Sam Altman's Worldcoin project since late last year due to concerns over its large-scale processing of sensitive biometric data, the regulator's president told Reuters.Worldcoin, which launched last week, requires users to give their iris scans in exchange for a digital ID and, in some countries, free cryptocurrency as part of plans to create a new "identity and financial network".The Bavarian State Office for Data Protection Supervision started investigating Worldcoin in November 2022 because of concerns that...
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