Worldcoin’s Unique Pitch: Retina Scans and Universal Basic Income
Worldcoin has a unique pitch that has caught the attention of many in the cryptocurrency world. At the heart of their proposal is The Orb, a device that scans the retinas of users to confirm their identity online. This technology is seen as a way to combat fraud and identity theft, as well as to streamline online transactions.
In addition to The Orb, Worldcoin is also offering a form of “universal basic income” (UBI) in the form of their token. This UBI is intended to be distributed to users who participate in the early stages of the project, such as those who volunteer for the eyeball-scan program.
While some have praised Worldcoin’s innovative approach, others have raised concerns about the privacy implications of retina scans and the potential for abuse of the UBI system. However, Worldcoin remains optimistic about the potential benefits of their technology and is continuing to develop and refine their offerings.
As the world becomes increasingly digital, the need for secure and efficient online identity verification is more important than ever. Worldcoin’s unique approach to this challenge is certainly worth watching in the coming months and years.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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