Cryptocurrencies More than a hundred thousand people have had their eyes scanned in exchange for a new cryptocurrency

The founder of the cryptocurrency assures that scanning will not compromise people’s privacy. The goal of the new virtual currency is to reach one billion users within two years.

Over one hundred thousand people in Europe, Africa, Asia and South America have voluntarily agreed to have their eyes scanned by Worldcoin, which is in the cryptocurrency market. In return for a process that sounds like a science fiction film, they are promised a cryptocurrency once it is brought to market.

The eyes of potential users are scanned with a spherical device. It describes the user’s eyes and creates a unique code that allows the user to acquire cryptocurrency. After creating the code, the creators of Worldcoin promise that the original image will be destroyed to protect users ’privacy.

Founder and CEO of Worldcoin Alex Blania assured To the Financial Times (FT) that eye scanning does not infringe on the privacy of ordinary people. According to him, the created code is used only to check whether the person in question has already received his share of the cryptocurrency.

According to the founders of the cryptocurrency, about 130,000 people have already participated in the project. The company aims to reach one billion users by 2023.

Worldcoin the creators are planning to debut the cryptocurrency network early next year, when first-time user shares will also be shared. It is not yet known how large amounts people who have agreed to scan their eyes can expect to receive.

Worldcoin has so far raised $ 25 million in funding. The company plans to issue a total of ten billion Worldcoin tokens, of which 80 percent will be distributed to users, 10 percent to the company’s investors and 10 percent to those involved in the manufacture of scanners and other development work.

Of the latter, tokens are also distributed to cryptocurrency founders and employees, but Blania did not disclose more specific figures to France Télécom.

Scanning ball testing in Chile.

The creators of Worldcoin say their goal is to expand people’s access to cryptocurrencies.

Developers envision Worldcoin as a form of basic income. Co-founder of cryptocurrency Sam Altman has profiled itself as a strong advocate of basic income. In CEO Blania’s outlines, Worldcoin could at some point be utilized to share basic income.

The newcomer is subject to the same laws as other cryptocurrencies. There is no guarantee of its value, and no one can promise it will generate wholesale money, as the creators of the currency have also acknowledged. It all depends on its popularity.

However, Blania is convinced by the TV channel To CNBC, Worldcoin is not a scam.

“We are extremely transparent in all our activities,” he says.

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